First Watch Restaurant Group, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>First Watch Restaurant Group, Inc. is holding its 2024 Annual Meeting of Stockholders virtually on May 22, 2024, urging all shareholders to cast their votes.</b>

AI Summary

First Watch Restaurant Group, Inc. (FWRG) filed a Proxy Statement (DEF 14A) with the SEC on April 8, 2024. The 2024 Annual Meeting of Stockholders for First Watch Restaurant Group, Inc. will be held virtually on May 22, 2024, at 8:00 a.m. Eastern Time. Stockholders are encouraged to vote their shares regardless of whether they plan to attend the virtual meeting. The meeting will include an opportunity for stockholders to ask questions about the company's business. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 8, 2024. The company was formerly known as AI Fresh Super Holdco, Inc. and Al Fresh Super Holdco, Inc. before changing its name on October 1, 2019.

Why It Matters

For investors and stakeholders tracking First Watch Restaurant Group, Inc., this filing contains several important signals. This filing is a routine proxy statement, indicating the company is preparing for its annual shareholder vote on corporate matters. The virtual format suggests a move towards modern, accessible shareholder engagement, allowing broader participation.

Risk Assessment

Risk Level: low — First Watch Restaurant Group, Inc. shows low risk based on this filing. The risk is low as this is a standard proxy filing for an annual meeting, with no immediate financial or operational concerns highlighted.

Analyst Insight

Review the proxy statement for details on voting matters and executive compensation to make an informed voting decision.

Key Numbers

• 2024-05-22 — Annual Meeting Date (Date of the 2024 Annual Meeting of Stockholders.)
• 8:00 — Annual Meeting Time (Time of the 2024 Annual Meeting of Stockholders (Eastern Time).)
• 2024-04-08 — Filing Date (Date the Definitive Proxy Statement was filed.)
• 001-40866 — SEC File Number (SEC file number for First Watch Restaurant Group, Inc.)

Key Players & Entities

• First Watch Restaurant Group, Inc. (company) — Registrant and filer of the proxy statement.
• Chris Tomasso (person) — President and Chief Executive Officer of First Watch Restaurant Group, Inc.
• AI Fresh Super Holdco, Inc. (company) — Former name of First Watch Restaurant Group, Inc.
• Al Fresh Super Holdco, Inc. (company) — Former name of First Watch Restaurant Group, Inc.

FAQ

Industry Context

First Watch Restaurant Group operates in the restaurant industry, specifically focusing on breakfast, brunch, and lunch offerings.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement for proposals and voting recommendations.
2. Cast your vote for the 2024 Annual Meeting of Stockholders.
3. Prepare questions for the Q&A session during the virtual meeting.

Key Dates

• 2024-05-22: 2024 Annual Meeting of Stockholders — Key date for shareholder voting and engagement.
• 2024-04-08: Filing of Definitive Proxy Statement — Indicates the formal start of the proxy solicitation period.

Year-Over-Year Comparison

This is the initial filing for the 2024 Annual Meeting of Stockholders; no prior period comparison is available within this document.

Key Financial Figures

• $0.01 — 2,531 shares of common stock, par value $0.01 per share (the "Common Stock") issued a

Filing Documents

• fwrg-definitiveproxystatem.htm (DEF 14A) — 454KB
• christomassosignature.jpg (GRAPHIC) — 47KB
• firstwatchlogo_cubexk2.jpg (GRAPHIC) — 131KB
• firstwatchrestaurantgroupi.jpg (GRAPHIC) — 493KB
• firstwatchrestaurantgroupia.jpg (GRAPHIC) — 196KB
• jaywolszczaksignature.jpg (GRAPHIC) — 10KB
• 0001789940-24-000077.txt (&nbsp;) — 1655KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 16 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 22 DIRECTOR COMPENSATION 24

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 26 PROPOSAL 2 CHARTER A MENDMENT PROPOSAL 29 PROPOSAL 3 AUDITOR RATIFICATION PROPOSAL 31 AUDITOR FEES AND SERVICES 32 POLICY FOR APPROVAL OF AUDIT AND PERMITTED NON-AUDIT SERVICES 32 REPORT OF THE AUDIT COMMITTEE 33 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 34 OTHER MATTERS 35 PROXY STATEMENT This Proxy Statement contains information relating to the solicitation of proxies by the Board of Directors (the "Board") of First Watch Restaurant Group, Inc. ("First Watch" or the "Company") for use at our 2024 Annual Meeting of Stockholders (the "Annual Meeting"). Our Annual Meeting will be held at 800 a.m. Eastern Time on Wednesday, May 22, 2024 by means of a live, virtual-only online webcast. Only stockholders of record as of the close of business on March 25, 2024 (the "Record Date") are entitled to receive notice of the Annual Meeting and to vote during the Annual Meeting or any adjournments or postponements thereof. As of the Record Date, there were 60,372,531 shares of common stock, par value $0.01 per share (the "Common Stock") issued and outstanding and entitled to vote during the Annual Meeting. In accordance with the rules of the Securities and Exchange Commission ("SEC"), we are furnishing our proxy materials, including this proxy statement and our Form 10-K for the fiscal year ended December 31, 2023, to our stockholders via Internet. On or about April 8, 2024, we will mail to our stockholders a Notice of Internet Availability of Proxy Materials (the "Notice of Internet Availability") that contains instructions on how to access our proxy materials on the Internet and how to vote. Stockholders may request to receive all future proxy materials in printed form by mail or electronically by email by following the instructions contained in the Notice of Internet Availability. All references in this Proxy Statement to "we," "us" and "our" refer to First Watch Restaurant Group,

View Full Filing

View this DEF 14A filing on SEC EDGAR