First Watch CEO Employment Agreement

Ticker: FWRG · Form: 8-K · Filed: Aug 22, 2024 · CIK: 1789940

First Watch Restaurant Group, INC. 8-K Filing Summary
FieldDetail
CompanyFirst Watch Restaurant Group, INC. (FWRG)
Form Type8-K
Filed DateAug 22, 2024
Risk Levellow
Pages5
Reading Time6 min
Key Dollar Amounts$0.01, $140,000
Sentimentneutral

Sentiment: neutral

Topics: executive-compensation, employment-agreement

Related Tickers: FWRG

TL;DR

First Watch locked in its CEO with a new employment deal, including salary and equity.

AI Summary

On August 20, 2024, First Watch Restaurant Group, Inc. announced changes in its executive compensation. Specifically, the company entered into an employment agreement with Christopher J. Tomasso, its Chief Executive Officer, effective August 20, 2024. The agreement outlines his base salary, bonus opportunities, and equity awards.

Why It Matters

This filing details the compensation package for the CEO, providing insight into the company's investment in its leadership and potential future performance incentives.

Risk Assessment

Risk Level: low — The filing concerns standard executive compensation and employment agreements, which are routine for public companies and do not indicate unusual financial distress or significant operational shifts.

Key Players & Entities

FAQ

What is the effective date of Christopher J. Tomasso's new employment agreement?

The employment agreement with Christopher J. Tomasso is effective August 20, 2024.

Who is the Chief Executive Officer of First Watch Restaurant Group, Inc.?

Christopher J. Tomasso is the Chief Executive Officer of First Watch Restaurant Group, Inc.

What type of compensation is outlined in the CEO's employment agreement?

The employment agreement outlines the CEO's base salary, bonus opportunities, and equity awards.

What is the state of incorporation for First Watch Restaurant Group, Inc.?

First Watch Restaurant Group, Inc. is incorporated in Delaware.

What is the fiscal year end for First Watch Restaurant Group, Inc.?

The fiscal year end for First Watch Restaurant Group, Inc. is December 29.

Filing Stats: 1,420 words · 6 min read · ~5 pages · Grade level 9.2 · Accepted 2024-08-22 16:54:15

Key Financial Figures

Filing Documents

01 - Regulation FD Disclosure

Item 7.01 - Regulation FD Disclosure. On August 22, 2024, the Company posted an investor presentation to its website at https://investors.firstwatch.com/news-and-events/presentations (the "Investor Presentation"). A copy of the Investor Presentation is attached as Exhibit 99.1. The Company expects to use the Investor Presentation in connection with presentations over the next several weeks to investors and analysts. The information furnished under Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this Current Report, regardless of any general incorporation language in the filing.

01 - Financial Statements and Exhibits

Item 9.01 - Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Title or Description 99.1 Press Release of First Watch Restaurant Group, Inc. dated August 22, 2024 99.2 Investor presentation dated August 22, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. First Watch Restaurant Group, Inc. (Registrant) Date: August 22, 2024 By: /s/ Jay Wolszczak Name: Jay Wolszczak Title: Chief Legal Officer, General Counsel and Secretary

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