Meritage Announces Departure of Michael Ruggeri From Board of Directors

Meritage Hospitality Group (MHGU) announced that board member Michael Ruggeri resigned from the company’s Board of Directors, effective August 31, 2026.

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Meritage Hospitality Group (MHGU) announced that board member Michael Ruggeri resigned from the company’s Board of Directors, effective August 31, 2026. CEO Robert E. Schermer Jr. thanked Ruggeri for his contributions since joining the board in 2025 and extended best wishes for his future endeavors.

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GRAND RAPIDS, Mich., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU) today announced that Michael Ruggeri, a member of the Company’s Board of Directors, resigned effective August 31, 2026.

“On behalf of the Board and the Company, I want to thank Michael for his contributions since joining the Board in 2025. We wish him well in his future endeavors,” said Robert E. Schermer, Jr., CEO of Meritage Hospitality Group Inc.

About the Company

Meritage Hospitality Group currently operates 314 restaurants located in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, Ohio, Oklahoma, Tennessee, Texas and Virginia. Meritage is headquartered in Grand Rapids, Michigan, operating with a workforce of approximately 10,000 employees. As of June 28, 2026, the Company had fully diluted weighted average common shares outstanding of 6,720,000.

The Company’s current and publicly available information pursuant to amended SEC Rule 15c2-11 and FINRA Rule 6432 can be found at www.otcmarkets.com, under the stock symbol MHGU/Disclosures or the Company’s website, www.meritagehospitality.com.

Forward Looking Statements
Certain statements contained in this release and the reports we submit to the OTC, including this release, that are not historical facts constitute forward-looking statements. Factors set forth in our Safe Harbor Statement, in addition to other possible factors not listed, could affect the Company’s actual results and cause such results to differ materially from those expressed in forward-looking statements. Please review the Company’s Safe Harbor Statement at http://www.meritagehospitality.com.

CONTACT: Robert E. Schermer, Jr., CEO
Meritage Hospitality Group Inc.
(616) 776-2600

FAQ

What board change did Meritage Hospitality Group (MHGU) announce on September 3, 2026?

Meritage Hospitality Group announced that Michael RuggeriAugust 31, 2026. The CEO expressed appreciation for his contributions and wished him well in his future endeavors.

When did Michael Ruggeri’s resignation from the Meritage Hospitality Group (MHGU) board become effective?

Michael Ruggeri’s resignation from the Meritage Hospitality Group Board of Directors became effective on August 31, 2026. The company disclosed the change in a public announcement dated September 3, 2026.

How long did Michael Ruggeri serve on the Meritage Hospitality Group (MHGU) board before resigning?

Michael Ruggeri joined the Meritage Hospitality Group Board of Directors in 2025 and resigned effective August 31, 2026. The company thanked him for his contributions during this period.

What did Meritage Hospitality Group’s CEO say about Michael Ruggeri’s departure from the board?

CEO Robert E. Schermer Jr. thanked Michael Ruggeri for his contributions since joining the board in 2025 and said the company wishes him well in his future endeavors, reflecting an appreciative and cordial tone regarding his departure.