Red Robin 8-K Signals Potential Leadership/Comp Changes

TL;DR

**Red Robin filed an 8-K hinting at executive changes, keep an eye out for details.**

AI Summary

Red Robin Gourmet Burgers, Inc. filed an 8-K on January 25, 2024, reporting an event that occurred on January 24, 2024, related to the departure or election of directors or officers and their compensatory arrangements. This filing indicates potential changes in leadership or executive compensation, which could impact the company's strategic direction and financial performance. Investors should monitor subsequent filings for specific details on these changes, as they could signal shifts in management's approach to operations or shareholder value.

Why It Matters

Changes in executive leadership or compensation can significantly influence a company's future strategy, operational efficiency, and ultimately, its stock performance.

Risk Assessment

Risk Level: medium — The filing indicates potential changes in leadership or compensation, which introduces uncertainty about future company direction and performance until specific details are disclosed.

Analyst Insight

A smart investor would monitor Red Robin's subsequent filings closely for specific details on the executive changes or compensation arrangements, as these will provide clarity on the company's future strategic direction and potential impact on its valuation.

Key Numbers

• 001-34851 — Commission File Number (Identifies Red Robin's registration with the SEC)
• 84-1573084 — IRS Employer Identification No. (Identifies Red Robin for tax purposes)
• $0.001 — par value per share (Par value of Red Robin's Common Stock)

Key Players & Entities

• RED ROBIN GOURMET BURGERS INC (company) — the registrant filing the 8-K
• January 24, 2024 (date) — date of the earliest event reported
• January 25, 2024 (date) — date the 8-K was filed
• Nasdaq (Global Select Market) (company) — exchange where RRGB Common Stock is registered
• 001-34851 (number) — Commission File Number for Red Robin

Forward-Looking Statements

• Red Robin will release further details regarding executive changes or compensation within the next quarter. (RED ROBIN GOURMET BURGERS INC) — high confidence, target: 2024-04-25
• The stock price of RRGB will experience volatility as specific details of the executive changes are announced. (RRGB) — medium confidence, target: 2024-03-31

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value RRGB Nasdaq (Global Select Ma
• $350,000 — pensation: (i) an annual base salary of $350,000, (ii) eligibility to receive an annual

Filing Documents

• rrgb-20240124.htm (8-K) — 27KB
• 0001171759-24-000004.txt ( ) — 156KB
• rrgb-20240124.xsd (EX-101.SCH) — 2KB
• rrgb-20240124_lab.xml (EX-101.LAB) — 25KB
• rrgb-20240124_pre.xml (EX-101.PRE) — 13KB
• rrgb-20240124_htm.xml (XML) — 3KB

02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;

ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Appointment of Robyn Arnell Brenden as Chief Accounting Officer On January 24, 2024, Red Robin Gourmet Burgers, Inc. (the "Company") appointed Robyn Arnell Brenden to serve as the Company's Chief Accounting Officer, assuming the responsibilities of principal accounting officer, effective January 29, 2024. Ms. Arnell Brenden will report to Todd Wilson, the Company's Chief Financial Officer. Prior to joining the Company, Ms. Arnell Brenden, age 55, served as Senior Vice President Finance & Accounting at Leslie's, Inc. (Nasdaq: LESL) from 2021 through 2023. Prior to that, Ms. Arnell Brenden served as Senior Vice President and Chief Accounting Officer for CWT, a privately held global travel management services company, from 2019 through 2020. She served as Vice President and Controller of Sprouts Farmers Market from 2017 through 2019, and previously held various accounting and finance roles, including Senior Vice President Finance & Accounting with Marriott International and Vice President, Controller with Starwood Hotels & Resorts Worldwide. She is a certified public accountant. In connection with her appointment, Ms. Arnell Brenden will receive the following material elements of compensation: (i) an annual base salary of $350,000, (ii) eligibility to receive an annual bonus with a target of 50% of her annual base salary, prorated for 2024 based on her date of hire, in accordance with the Company's Annual Corporate Bonus Plan (her actual annual bonus to be determined following the conclusion of each fiscal year based on achievement of specific Company targets established by the Company's board of directors), and (iii) eligibility to participate in the Company's Long-Term Incentive (LTI) plan with a target opportunity equal to 50% of her annual base salary, prorated for 2024 based on her date of hire. As it does

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View this 8-K filing on SEC EDGAR