El Pollo Loco Files 8-K on Agreements and Rights
Ticker: LOCO · Form: 8-K · Filed: Aug 5, 2024 · CIK: 1606366
| Field | Detail |
|---|---|
| Company | El Pollo Loco Holdings, Inc. (LOCO) |
| Form Type | 8-K |
| Filed Date | Aug 5, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, security-holder-rights, financial-statements
Related Tickers: LOCO
TL;DR
LOCO filed an 8-K on Aug 4th covering material agreements & security holder rights.
AI Summary
El Pollo Loco Holdings, Inc. filed an 8-K on August 5, 2024, reporting on August 4, 2024, regarding the entry into a material definitive agreement and modifications to security holder rights. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates significant corporate actions or agreements that could impact the company's operations, financial standing, or shareholder value.
Risk Assessment
Risk Level: medium — Material definitive agreements and modifications to security holder rights can introduce new risks or alter existing ones for the company and its investors.
Key Players & Entities
- El Pollo Loco Holdings, Inc. (company) — Registrant
- August 4, 2024 (date) — Earliest event reported
- August 5, 2024 (date) — Filing date
FAQ
What specific material definitive agreement was entered into by El Pollo Loco Holdings, Inc. on or around August 4, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
What modifications were made to the rights of security holders?
The filing states there were material modifications to the rights of security holders, but the nature of these modifications is not detailed in the provided text.
What is the significance of the 'Financial Statements and Exhibits' item in this 8-K filing?
This indicates that financial statements and other relevant exhibits are being filed along with the report, providing further details on the company's financial condition and the matters discussed.
What is El Pollo Loco Holdings, Inc.'s state of incorporation and IRS Employer Identification Number?
El Pollo Loco Holdings, Inc. is incorporated in Delaware and its IRS Employer Identification Number is 20-3563182.
What is the business address and phone number for El Pollo Loco Holdings, Inc.?
The business address is 3535 Harbor Blvd., Suite 100, Costa Mesa, California 92626, and the business phone number is 714-599-5000.
Filing Stats: 869 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-08-05 16:34:25
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share LOCO The Nasdaq Stock Mar
Filing Documents
- loco-8k_080224.htm (8-K) — 31KB
- ex4-1.htm (EX-4.1) — 18KB
- 0001999371-24-009568.txt ( ) — 270KB
- loco-20240804.xsd (EX-101.SCH) — 4KB
- loco-20240804_def.xml (EX-101.DEF) — 26KB
- loco-20240804_lab.xml (EX-101.LAB) — 36KB
- loco-20240804_pre.xml (EX-101.PRE) — 25KB
- loco-8k_080224_htm.xml (XML) — 6KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On August 4, 2024, the Board of Directors (the "Board") of El Pollo Loco Holdings, Inc. ("El Pollo Loco" or the "Company") approved and entered into an Amendment (the "Amendment") to the Rights Agreement, dated August 8, 2023, between the Company and Equiniti Trust Company, LLC, as rights agent (the "Original Rights Agreement," and as amended by the Amendment, the "Amended Rights Agreement"). Pursuant to the Amendment, the Final Expiration Date of the Rights has been extended until 11:59 p.m., Pacific Time, on the date that the votes of the stockholders of the Company with respect to the Company's next annual meeting of stockholders are certified, unless shareholders approve the further extension of the Amended Rights Agreement beyond that date. Capitalized terms not defined herein have the meanings specified in the Amended Rights Agreement. The Original Rights Agreement was initially adopted in August 2023 in response to a rapid and significant accumulation of El Pollo Loco stock by Biglari Capital Corp. (together with its affiliates, "Biglari Capital"). In adopting the Original Rights Agreement, the Board noted that Biglari Capital has a track record of acquiring substantial and sometimes controlling interests in public restaurant companies. Since that time, members of the Board and leadership team have met with Biglari Capital on multiple occasions. In approving the Amendment to extend the Original Rights Agreement, the Board considered, among other things, that during a recent meeting, a representative of Biglari Capital stated a desire to make substantial additional share accumulations in the public market if the Board terminated the Original Rights Agreement or allowed it to expire at the end of its initial term in August 2024. The Amendment also amends the Original Rights Agreement to increase the Beneficial Ownership triggering threshold for being deemed an Acquiring Person, unless one of the enumerat
03 Material Modifications to Rights of Security Holders
Item 3.03 Material Modifications to Rights of Security Holders. The information set forth under Items 1.01 is incorporated into this Item 3.03 by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 4.1 Amendment No. 1 to Rights Agreement, dated as of August 4, 2024, between El Pollo Loco Holdings, Inc. and Equiniti Trust Company, LLC, as rights agent 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. El Pollo Loco Holdings, Inc. Date: August 5, 2024 By: /s/ Ira Fils Name: Ira Fils Title: Chief Financial Officer