Red Robin Announces Board and Executive Compensation Changes
Ticker: RRGB · Form: 8-K · Filed: Oct 7, 2024 · CIK: 1171759
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: RRGB
TL;DR
Red Robin shakes up the board and adjusts exec pay. Big changes ahead?
AI Summary
Red Robin Gourmet Burgers, Inc. announced on October 4, 2024, changes related to its board of directors and executive compensation. Specifically, the company reported the departure of a director and the election of a new director, along with updates to compensatory arrangements for certain officers.
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: medium — Board and executive changes can indicate underlying issues or strategic shifts that may affect the company's future performance and stock price.
Key Players & Entities
- Red Robin Gourmet Burgers, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- October 4, 2024 (date) — Date of earliest event reported
FAQ
Who is the departing director and who is the newly elected director?
The filing does not specify the names of the departing or newly elected directors, only that these changes occurred.
What specific changes were made to the compensatory arrangements of certain officers?
The filing indicates that there were updates to compensatory arrangements, but the specific details of these arrangements are not provided in this summary.
When did these changes become effective?
The earliest event reported is dated October 4, 2024.
What is the primary reason cited for these board and compensation changes?
The filing does not explicitly state the reasons for these changes, but they fall under the categories of director departure, director election, and executive compensation arrangements.
Is this filing related to any specific strategic initiatives or financial performance issues?
This filing pertains to corporate governance and executive compensation changes and does not directly detail strategic initiatives or financial performance issues.
Filing Stats: 544 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-10-07 17:00:55
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value RRGB NASDAQ (Global Select M
Filing Documents
- rrgb-20241004.htm (8-K) — 23KB
- 0001171759-24-000036.txt ( ) — 149KB
- rrgb-20241004.xsd (EX-101.SCH) — 2KB
- rrgb-20241004_lab.xml (EX-101.LAB) — 22KB
- rrgb-20241004_pre.xml (EX-101.PRE) — 13KB
- rrgb-20241004_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 hereunto duly authorized. RED ROBIN GOURMET BURGERS, INC. By: /s/ Sarah Mussetter Name: Sarah Mussetter Title: Chief Legal Officer Dated: October 7, 2024