Noodles & Co Appoints New CEO, Board Changes
Ticker: NDLS · Form: 8-K · Filed: Apr 19, 2024 · CIK: 1275158
Sentiment: neutral
Topics: executive-change, board-change, leadership-transition
Related Tickers: NDLS
TL;DR
New CEO Kevin Reddy in at Noodles & Co, D'Loren is Exec Chairman, Boennighausen out.
AI Summary
Noodles & Company announced on April 17, 2024, changes in its executive team and board of directors. The company appointed Kevin Reddy as Chief Executive Officer and a member of the Board of Directors, effective April 17, 2024. Additionally, Robert M. D'Loren was appointed as Executive Chairman of the Board, and Dave Boennighausen has stepped down from his roles as CEO and Board member.
Why It Matters
This filing indicates a significant leadership transition at Noodles & Company, with a new CEO and Executive Chairman taking the helm, which could signal a strategic shift for the restaurant chain.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty and impact strategic execution, potentially affecting the company's performance.
Key Players & Entities
- Noodles & Company (company) — Registrant
- Kevin Reddy (person) — Appointed Chief Executive Officer and Board Member
- Robert M. D'Loren (person) — Appointed Executive Chairman of the Board
- Dave Boennighausen (person) — Stepped down as CEO and Board Member
- April 17, 2024 (date) — Effective date of appointments and departure
FAQ
Who has been appointed as the new CEO of Noodles & Company?
Kevin Reddy has been appointed as the new Chief Executive Officer of Noodles & Company.
What is the effective date of these leadership changes?
The changes are effective as of April 17, 2024.
Who has been appointed as the Executive Chairman of the Board?
Robert M. D'Loren has been appointed as the Executive Chairman of the Board.
Who has stepped down from their roles at Noodles & Company?
Dave Boennighausen has stepped down from his roles as CEO and Board member.
What is the company's principal executive office address?
The company's principal executive office is located at 520 Zang Street, Suite D, Broomfield, CO 80021.
Filing Stats: 474 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-04-19 16:05:48
Filing Documents
- ndls-20240417.htm (8-K) — 30KB
- 0001275158-24-000036.txt ( ) — 150KB
- ndls-20240417.xsd (EX-101.SCH) — 2KB
- ndls-20240417_lab.xml (EX-101.LAB) — 21KB
- ndls-20240417_pre.xml (EX-101.PRE) — 12KB
- ndls-20240417_htm.xml (XML) — 3KB
From the Filing
ndls-20240417 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): April 17, 2024 NOODLES & COMPANY (Exact name of registrant as specified in its charter) Delaware 001-35987 84-1303469 (State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Incorporation) Identification No.) 520 Zang Street, Suite D Broomfield, CO 80021 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: ( 720 ) 214-1900 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock NDLS Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 17, 2024, Ms. Stacey Pool informed Noodles & Company ("the Company") that she is resigning from her employment as Chief Marketing Officer with the Company effective May 17, 2024 in order to accept another leadership opportunity within the auto aftermarket sector. Ms. Pool's decision to resign was not the result of any disagreement with the Company on any matter related to its operations, policies or practices. The Company has commenced a search for her replacement and Ms. Pool will continue in her current role until May 17, 2024. Exhibit No. Description 104 Cover Page Interactive Data File. The cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE 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. Noodles & Company By: /s/ DREW MADSEN Name: Drew Madsen Title: Chief Executive Officer DATED: April 19, 2024