Portillo's 8-K: Emerging Growth Co. Status Confirmed

TL;DR

**Portillo's 8-K confirms its 'emerging growth company' status, meaning less public info for investors.**

AI Summary

Portillo's Inc. filed an 8-K on January 9, 2024, primarily to disclose information under Regulation FD and to file financial statements and exhibits. This filing indicates that Portillo's is an 'emerging growth company' as defined by the SEC, which means it benefits from reduced reporting requirements. For investors, this matters because it signals that the company is still in a growth phase and may have less public financial data available compared to more established companies, which could impact due diligence.

Why It Matters

This filing confirms Portillo's status as an 'emerging growth company,' which allows it to operate with fewer regulatory burdens, potentially saving costs but also providing less transparency for investors.

Risk Assessment

Risk Level: low — This filing is routine and primarily informational, confirming a status that has been in place, thus posing minimal new risk.

Analyst Insight

Investors should be aware that as an 'emerging growth company,' Portillo's Inc. may provide less detailed financial disclosures than larger, more established companies, requiring more independent research.

Key Numbers

• $0.01 — par value per share (par value of Portillo's Class A Common Stock)

Key Players & Entities

• Portillo's Inc. (company) — the registrant filing the 8-K
• Delaware (company) — state of incorporation for Portillo's Inc.
• Nasdaq Global Select Market (company) — exchange where Portillo's Class A Common Stock is registered
• 001-40951 (dollar_amount) — Commission File Number for Portillo's Inc.
• 87-1104304 (dollar_amount) — I.R.S. Employer Identification No. for Portillo's Inc.
• January 9, 2024 (date) — date of earliest event reported and filing date

Forward-Looking Statements

• Portillo's Inc. will continue to operate as an 'emerging growth company' for the foreseeable future. (Portillo's Inc.) — high confidence, target: 2025-01-09

FAQ

Key Financial Figures

• $0.01 — which registered Class A Common Stock, $0.01 par value per share PTLO Nasdaq Global

Filing Documents

• ptlo-20240109.htm (8-K) — 35KB
• a8-k1924exhibit991.htm (EX-99.1) — 7KB
• a8-k1924exhibit991001.jpg (GRAPHIC) — 116KB
• a8-k1924exhibit991002.jpg (GRAPHIC) — 273KB
• a8-k1924exhibit991003.jpg (GRAPHIC) — 142KB
• a8-k1924exhibit991004.jpg (GRAPHIC) — 141KB
• a8-k1924exhibit991005.jpg (GRAPHIC) — 165KB
• a8-k1924exhibit991006.jpg (GRAPHIC) — 109KB
• a8-k1924exhibit991007.jpg (GRAPHIC) — 103KB
• a8-k1924exhibit991008.jpg (GRAPHIC) — 124KB
• a8-k1924exhibit991009.jpg (GRAPHIC) — 142KB
• a8-k1924exhibit991010.jpg (GRAPHIC) — 103KB
• a8-k1924exhibit991011.jpg (GRAPHIC) — 82KB
• ptlo-20240109_g1.jpg (GRAPHIC) — 9KB
• 0001871509-24-000005.txt ( ) — 2271KB
• ptlo-20240109.xsd (EX-101.SCH) — 2KB
• ptlo-20240109_lab.xml (EX-101.LAB) — 25KB
• ptlo-20240109_pre.xml (EX-101.PRE) — 13KB
• ptlo-20240109_htm.xml (XML) — 3KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. Portillo's Inc., a Delaware corporation (the "Corporation"), will be participating in the ICR Conference 2024 on Tuesday, January 9, 2024, at 10:00 a.m. Eastern Time. The Corporation's Chief Executive Officer, Michael Osanloo, and Chief Financial Officer, Michelle Hook, will host a fireside chat at the ICR Conference 2024. A copy of the presentation to be used during the fireside chat is attached to this Current Report on Form 8-K as Exhibit 99.1 and is also available on the Corporation's website at http://investors.portillos.com. The information contained in this Item 7.01, including the related information set forth in the presentation attached hereto as Exhibit 99.1 and incorporated by reference herein, is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise. The information in this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act, except as otherwise expressly stated in any such filing. Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). All statements other than statements of historical fact are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business, and are based on currently available operating, financial and competitive information which are subject to various risks and uncertainties, so you should not place undue reliance on forward-looking statements. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may i

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 ICR Conference 202 4 Presentation 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, thereto duly authorized. Portillo's Inc. (Registrant) Date: January 9, 2024 By: /s/ Michelle Hook Michelle Hook Chief Financial Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR