So thanks, everyone, for coming to the -- our 16th annual event. Particular thanks to the sponsors. Without them, there is no event. But we're going to try and stick to the schedule today, and I know Wendy's has a terrific presentation to share with you today. They're going to need all of their time. So without wasting any more time, I want to introduce to you Meg Nollen and the team. Meg?

Good morning, everyone. I'm Meg Nollen, Senior Vice President, Strategy and Investor Relations for The Wendy's Company. Before we begin today, I'd like to refer you to the Safe Harbor statement included in today's press release and presentation. Certain information we will discuss today is forward-looking. Various factors could cause results to differ materially from those expressed in our forward-looking statements. Please note 2013 fourth quarter and full year results are unaudited preliminary results and represent the most current information available to management. The company has not yet completed its tax-closing procedure for 2013. As a result, the fourth quarter and resulting annual tax provision and earnings per share have been provided as ranges. Our presentation references non-GAAP financial measures, such as adjusted EBITDA and adjusted EPS. Please refer to the non-GAAP reconciliations included in today's release and posted on our website at wendys.com. With the formalities out of the way, let me now turn it over to Emil Brolick, Wendy's President and CEO. Emil?

Well, good morning, and thank you, Meg. We have a very powerful story for you today as our Cut Above brand positioning continues to resonate with consumers and position us strongly versus the competition. I'm very proud of the year that the Wendy's team produced. Adjusted EBITDA was up some 10% to $367 million. EPS grew 71% to 76% to $0.29 to $0.30. And Image Activation, we achieved our targets of growing 100 image activated company, 100 franchise -- or 99, actually. And by the way, we're going to more than double that pace as we look at 2014. And importantly, as you'll hear, our efforts in terms of selling the 415 restaurants under system optimization are actually running ahead of schedule. We have 384 restaurants either sold or under contract. And by the way, we're also going to accomplish our goal of saving $30 million in G&A as we look to the second quarter of the year. And importantly, we returned 89% total shareholder return this year, and we returned $141 million to shareholders in terms of dividends, as well as share repurchase. And consumers are clearly telling us that we're regaining our position as an innovator in the marketplace with products like Pretzel Pub Chicken, Pretzel Bacon Cheeseburger, Bacon Portabella Melt on Brioche. And as I look at the 2014 calendar and pipeline, I'm very encouraged by the kind of products that you will see in the future. And importantly, we're revitalizing our brand position through our Recipe to Win strategies. So as we step back, we truly believe that Wendy's is A Cut Above investment opportunity. Our brand positioning is unique. It's working in the marketplace, and we believe it has significant legs in front of us. We are, through Image Activation, repositioning the Wendy's brand experience…

Thanks, Emil, and good morning, everyone. It's a great time to be part of the Wendy's family. And if I could get the slide to change, we'd be -- so a couple of quick topics for the team today. So I wanted to walk you through several things that I think are very exciting: 2013 results, Image Activation update, system optimization status, our 2014 guidance and our long-term outlook and plans to build shareowner value going forward. If you look at the Q4 financial highlights, you can see that North American same-restaurant sales growth came in at a very strong 3.1%, which really helped us expand our margins, and you can see company restaurant margins are up 40 basis points at 16.3%, on top of a very strong comp from a year ago. As expected, adjusted EBITDA was down 7.2%. This was really behind a higher incentive comp and also behind our franchise incentives that we had to drive Image Activation, as well as some reinvestment initiatives that really pop in professional fees within the quarter. But importantly, adjusted EPS was up. So we had the opportunity to pick up some tax good news, and we had some of the interest good news that came through with all the debt financing that we had, which led us to be up 11% to 22% on adjusted EPS. Full year financial highlights. You could see that we came in at 1.9% same-restaurant sales growth, which got us at a 2-year restaurant growth level of 3.5%. North American restaurant margin was very strong, up 140 basis points, really behind the leverage that we've gotten from the top line, price mix and then the exit of advertising against our breakfast program last year, partially offset by higher commodities. But adjusted EBITDA did come in…