991047 Wendy's Founder Won't Sell More Shares In 1999October 16, 1999Washington - Dave Thomas, the bespectacled pitchman and founder of the Wendy's International Inc. fast food chain, said he doesn't plan to sell anymore shares of his company for the rest of 1999 after unloading stock earlier in the year. Thomas, famous for his Wendy's commercials, sold 300,000 shares in May valued at more than $8 million “to pay some debt off” and “to buy some things,” he said after a luncheon speech at the National Press Club. He declined to elaborate on what those purchases were. Asked if he planned to sell more stock this year, he replied: “No.” Thomas said his stake in Dublin, Ohio-based Wendy's, parent of the No. 3 fast food hamburger restaurant chain, was about 5%. Wendy's currently has about 121 million common shares outstanding.
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