Kona Grill Inc. announced the appointment of Marc Buehler as Chief Executive Officer and President of the company, effective immediately. Mr. Buehler will also serve on the Company's Board of Directors. Prior to joining the Company, Mr. Buehler was the Chief Executive Officer of LS Management Inc. as well as Lone Star Business Solutions, an external accounting, IT and HR provider, where he served from July 2007 to May 2009. During his tenure, he was responsible for the development, structure and management of all organizational functions, and led a turnaround effort of the Company after its going private transaction. The company also announced the appointment of Berke Bakay to the Board of Directors, as well as the resignation of W. Kirk Patterson from the Board of Directors. Mr. Bakay is the founder and managing member of BBS Capital Management, LP, a Texas limited partnership that serves as the investment manager to the BBS Capital Fund, LP. BBS Capital Fund, LP currently focuses its investments mainly in the United States and the People's Republic of China in the consumer discretionary, education, and media industries.

Kona Grill Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of $1,035,000 or $0.11 per basic and diluted share on sales of $20,173,000 compared to net loss of $3,894,000 or $0.49 per basic and diluted share on sales of $19,454,000 in the previous year period. Loss from continuing operations was $1,035,000 or $0.11 per share compared to $733,000 or $0.09 per share in the previous year period. Loss from continuing operations before provision for income taxes was $1,030,000 compared to $678,000 in the previous year period. Loss from operations was $1,052,000 compared to $740,000 in the previous year period. For the nine months, the company reported net loss of $2,345,000 or $0.28 per basic and diluted share on sales of $61,096,000 compared to net loss of $5,102,000 or $0.63 per basic and diluted share on sales of $57,242,000 in the previous year period. Loss from continuing operations was $3,035,000 or $0.36 per share compared to $1,643,000 or $0.20 per share in the previous year period. Loss from continuing operations before provision for income taxes was $2,970,000 compared to $1,438,000 in the previous year period. Loss from operations was $2,986,000 compared to $1,758,000 in the previous year period.

Kona Grill Inc. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).