[citation needed] In 2012, O'Charley's, Inc. Enterprise was acquired by Fidelity National Financial and became part of American Blue Ribbon Holdings.

David K. Wachtel spent 23 years working for Shoney's where he eventually became president and chief executive officer of the restaurant company.

While the Lexington grand opening was under way, Wachtel was working on plans to convert two more Bennigan's units in Huntsville, Alabama, and Nashville, Tennessee, into O'Charley's.

In 1994, the company planned to open at least eight new O'Charley's restaurants, situating the new units primarily in southeastern markets, such as Cookeville, Tennessee; Louisville and Paducah, Kentucky; and Palm Harbor, Florida.

In February 1994, Wachtel resigned as chairman of O'Charley's, citing his "pressing commitments" with other business interests, the most notable of which was the 300-unit Western Sizzlin' budget steakhouse chain he had acquired in 1993.

August 2023 saw a whopping eighteen[11] locations (including Richmond, KY; Greenwood, SC; Dayton, OH; Miami Township, OH; Pearl, MS; Kingsport, TN; Gastonia, NC;[12] St. Peters, MO[13]), totaling 17% of all stores, close without prior notice.