Ruby Tuesday chain to Morrison Inc. for $15 million in cash and stock. The sale provided the rapidly growing restaurant chain with additional financial support. It also saw Sandy Beall become president of a newly formed Specialty Restaurant Division spearheaded by Ruby Tuesday. By 1985, the chain had grown to operate 35 locations, and was a major contributor to the renewed success of Morrison's. Morrison Inc. was renamed Morrison Restaurants Inc. in 1992 to reflect the importance of their restaurant investments. Additionally, the company realigned their dining division with a new name, the Ruby Tuesday Group. That same year, Beall was named CEO of Morrison Restaurants Inc. On March 9, 1996, the shareholders of Morrison's approved a distribution and dissolved Morrison Restaurants Inc. into three separate companies: Ruby Tuesday Inc., Morrison Health Care Inc., and Morrison's Fresh Cooking Inc. Ruby Tuesday Inc. became the legal successor to Morrison Restaurants Inc. and was incorporated in Mobile, Alabama. At the time of the distribution, Ruby Tuesday Inc. operated many other restaurant brands in addition to their flagship Ruby Tuesday brand, including L&N Seafood Grill, Mozzarella's Café, Silver Spoon Café, and Tia's Tex-Mex. In November 2000, Ruby Tuesday Inc. completed the sale of all restaurant brands (with the exception of Ruby Tuesday) to Specialty Restaurant Group, LLC. This divestiture allowed Ruby Tuesday to concentrate exclusively on the growth and development of its namesake brand. On April 12, 2007, Ruby Tuesday Inc. changed its NYSE ticker symbol from RI to RT. On October 7, 2020, Ruby Tuesday filed for Chapter 11 Bankruptcy protection. Restaurant themes In August 2007, Ruby Tuesday Inc. ventured back into other concepts with their newly acquired Asian dining restaurant, Wok Hay. The company proceeded to convert the concept from self-service to full-service dining. In October 2008, a second location was opened in a former Ruby Tuesday restaurant building. The company's 2011 Annual Report noted an additional franchised Wok Hay restaurant in Trinidad, bringing the emerging chain to three operating restaurants. In September 2010, Ruby Tuesday Inc. continued its venture into other concepts with an agreement to license the Lime Fresh Mexican Grill brand. Earlier the same year, Ruby Tuesday also acquired the development rights to Truffles Grill and introduced their home-grown Marlin & Ray's Seafood & Sunsets concept. As of 2011, the company was researching conversion of poorly performing Ruby Tuesday restaurants into some of these concepts. An excerpt from