GEN Restaurant Group: Director Departs, New Directors Elected, CEO Employment Agreement
Ticker: GENK · Form: 8-K · Filed: Jan 14, 2025 · CIK: 1891856
| Field | Detail |
|---|---|
| Company | Gen Restaurant Group, Inc. (GENK) |
| Form Type | 8-K |
| Filed Date | Jan 14, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-composition, executive-compensation
TL;DR
GEN Restaurant Group shakes up board, CEO gets new contract.
AI Summary
GEN Restaurant Group, Inc. announced on January 8, 2025, the departure of Director Michael J. R. Goulart. The company also elected two new directors, David J. Goulart and Michael J. R. Goulart, to its board. Additionally, the company entered into a new employment agreement with its Chief Executive Officer, David J. Goulart, effective January 8, 2025.
Why It Matters
Changes in board composition and executive employment agreements can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board membership and executive contracts can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- GEN Restaurant Group, Inc. (company) — Registrant
- Michael J. R. Goulart (person) — Departing Director and Elected Director
- David J. Goulart (person) — Elected Director and CEO
- January 8, 2025 (date) — Effective date of changes
FAQ
Who has departed from the board of GEN Restaurant Group, Inc.?
Michael J. R. Goulart has departed from the board of GEN Restaurant Group, Inc.
Who were elected as new directors to the board?
David J. Goulart and Michael J. R. Goulart were elected as new directors.
What is the effective date of the reported changes?
The earliest event reported is dated January 8, 2025.
Has the CEO's employment status changed?
Yes, GEN Restaurant Group, Inc. entered into a new employment agreement with its Chief Executive Officer, David J. Goulart.
What is the company's principal executive office address?
The company's principal executive offices are located at 11480 South Street, Suite 205, Cerritos, CA 90703.
Filing Stats: 521 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2025-01-14 11:44:02
Key Financial Figures
- $0.001 — tered Class A Common stock, par value $0.001 per share GENK The Nasdaq Stock Mar
Filing Documents
- genk-20250108.htm (8-K) — 50KB
- genk-ex99_1.htm (EX-99.1) — 17KB
- img31578986_0.jpg (GRAPHIC) — 10KB
- 0000950170-25-005138.txt ( ) — 207KB
- genk-20250108.xsd (EX-101.SCH) — 31KB
- genk-20250108_htm.xml (XML) — 5KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On January 14, 2025, the Company issued a press release which is attached hereto as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Press Release of GEN Restaurant Group, Inc. dated January 14, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith. 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Company Name Date: January 14, 2025 By: /s/ Thomas V. Croal Thomas V. Croal Chief Financial Officer 2