Summary of KONA GRILL INC - Yahoo! Finance

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Kona Grill, Inc. (the "Company") announced that effective November 19, 2008, Jason Merritt has resigned his position as Executive Vice President and Chief Operating Officer of the Company.

Effective November 19, 2008, Mark Bartholomay, the Company's Senior Vice President of Development, was appointed to act as interim Chief Operating Officer until such time as the Company finds a full-time candidate to fill that position.

Mr. Bartholomay has served as our Senior Vice President of Development since May 2007. Mr. Bartholomay has over 12 years of experience in real estate development, construction, prototype design, operations, and finance. Mr. Bartholomay served as the Founder and Senior Partner of GBG Consulting, LLC, a private restaurant consulting firm from July 2005 until May 2007. From July 2000 to June 2005, he served as Vice President of Business Development at Famous Dave's of America, Inc., a publicly traded owner, operator, and franchisor of restaurants. Prior to that, Mr. Bartholomay served as Senior Vice President of International Development and Operations at Rainforest Cafe, Inc., a publicly traded restaurant company. Mr. Bartholomay served as a director of the Company between January 2006 and May 2007.

Mr. Bartholomay has not entered into a written employment agreement with the Company. As modified to consider his increased responsibilities, effective November 19, 2008, Mr. Bartholomay's compensation includes an annual base salary of $261,000. In addition, he is eligible to receive bonuses under the Company's annual incentive bonus plan, to receive stock option grants under the Company's stock award plans, and to participate in the Company's other insurance and employee benefit plans.

The Company issued a press release on November 19, 2008 announcing the organizational change, the full text of which is attached as Exhibit 99.1 to this report and is hereby incorporated by reference herein.