RBI Announces Board and Executive Changes
Ticker: QSR · Form: 8-K · Filed: Mar 14, 2024 · CIK: 1618756
Sentiment: neutral
Topics: governance, executive-changes, board-of-directors
Related Tickers: QSR
TL;DR
RBI's board and exec comp are changing, effective March 12.
AI Summary
Restaurant Brands International Inc. announced on March 12, 2024, changes related to its board of directors and executive compensation. Specifically, the company reported the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for its key executives. These changes are effective as of the reporting date.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or future performance expectations.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive appointments, which typically have a low immediate impact on the company's financial risk.
Key Players & Entities
- Restaurant Brands International Inc. (company) — Registrant
- March 12, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from Restaurant Brands International Inc.'s board or officer positions?
The filing indicates the departure of certain officers and directors, but does not name them specifically in the provided text.
Were new directors elected to the board?
Yes, the filing states that new directors were elected as part of the reported changes.
What is the effective date of these changes?
The earliest event reported is dated March 12, 2024, making this the effective date for the reported changes.
What specific compensatory arrangements were adjusted?
The filing mentions adjustments to compensatory arrangements of certain officers, but the details of these arrangements are not provided in the excerpt.
What is the filing's primary purpose?
The filing is a Current Report on Form 8-K, reporting on the departure of directors or certain officers, election of directors, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
Filing Stats: 1,205 words · 5 min read · ~4 pages · Grade level 11.7 · Accepted 2024-03-14 06:38:11
Key Financial Figures
- $625,000 — se to Mr. Siddiqui's annual salary from $625,000 to $685,000, while his annual target bo
- $685,000 — ddiqui's annual salary from $625,000 to $685,000, while his annual target bonus opportun
- $42,000 — k to the U.S. and a lump sum payment of $42,000 in lieu of post-employment health and w
Filing Documents
- qsr-20240312.htm (8-K) — 43KB
- pressreleasemarch142024.htm (EX-99) — 13KB
- rbimasterlogorgba.jpg (GRAPHIC) — 318KB
- 0001618756-24-000024.txt ( ) — 615KB
- qsr-20240312.xsd (EX-101.SCH) — 3KB
- qsr-20240312_def.xml (EX-101.DEF) — 14KB
- qsr-20240312_lab.xml (EX-101.LAB) — 26KB
- qsr-20240312_pre.xml (EX-101.PRE) — 15KB
- qsr-20240312_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99 Press Release dated March 14, 2024. 104 Cover Page Interactive Data File – the cover page XBRL tags are 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 thereunto duly authorized. RESTAURANT BRANDS INTERNATIONAL INC. RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP, by its general partner RESTAURANT BRANDS INTERNATIONAL INC. Date: March 14, 2024 /s/ Jill Granat Name: Jill Granat Title: General Counsel and Corporate Secretary