Portillo's Inc. Appoints New Director, Adjusts CFO Compensation
Ticker: PTLO · Form: 8-K · Filed: May 30, 2024 · CIK: 1871509
| Field | Detail |
|---|---|
| Company | Portillo'S Inc. (PTLO) |
| Form Type | 8-K |
| Filed Date | May 30, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $25,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: PTLO
TL;DR
Portillo's adds a new director and revises CFO's pay package.
AI Summary
Portillo's Inc. announced on May 29, 2024, changes to its board of directors and executive compensation. Michael J. R. Johnson was appointed as a Class III Director, and the company also entered into a new employment agreement with its Chief Financial Officer, Michael D. Urban, effective May 29, 2024.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing details routine corporate governance changes and executive compensation adjustments, which typically carry low immediate risk.
Key Players & Entities
- Portillo's Inc. (company) — Registrant
- Michael J. R. Johnson (person) — Appointed Class III Director
- Michael D. Urban (person) — Chief Financial Officer
- May 29, 2024 (date) — Effective date of changes
FAQ
Who was appointed as a new director for Portillo's Inc.?
Michael J. R. Johnson was appointed as a Class III Director.
What is the effective date of the reported changes?
The earliest event reported is dated May 29, 2024.
What is the exact name of the company filing this report?
The exact name of the registrant is Portillo's Inc.
What is the principal executive office address for Portillo's Inc.?
The principal executive offices are located at 2001 Spring Road, Suite 400, Oak Brook, Illinois 60523.
What is the SIC code for Portillo's Inc.?
The Standard Industrial Classification code for Portillo's Inc. is 5812 (RETAIL-EATING PLACES).
Filing Stats: 736 words · 3 min read · ~2 pages · Grade level 12.7 · Accepted 2024-05-30 08:54:07
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value per share PTLO Nasdaq Global
- $25,000 — mination Date, up to a maximum value of $25,000. In addition, and subject to the time
Filing Documents
- ptlo-20240529.htm (8-K) — 24KB
- ptlo-20240529_g1.jpg (GRAPHIC) — 9KB
- 0001871509-24-000078.txt ( ) — 172KB
- ptlo-20240529.xsd (EX-101.SCH) — 2KB
- ptlo-20240529_lab.xml (EX-101.LAB) — 22KB
- ptlo-20240529_pre.xml (EX-101.PRE) — 13KB
- ptlo-20240529_htm.xml (XML) — 3KB
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: May 30, 2024 By: /s/ Michelle Hook Michelle Hook Chief Financial Officer and Treasurer (Principal Financial Officer and Principal Accounting Officer)