Darden Restaurants Announces Board and Executive Compensation Changes
Ticker: DRI · Form: 8-K · Filed: 2025-01-28T00:00:00.000Z
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: DRI
TL;DR
Darden Restaurants (DRI) filed an 8-K for board changes and exec comp adjustments, effective Jan 27, 2025.
AI Summary
On January 27, 2025, Darden Restaurants, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. Specifically, the filing announced the election of new directors and adjustments to the compensatory arrangements for certain officers, effective as of the report date.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: low — This filing is routine and pertains to corporate governance and executive compensation, not a significant financial event.
Key Players & Entities
- DARDEN RESTAURANTS INC (company) — Registrant
- 0000940944-25-000006 (filing_id) — Accession Number
- 01/27/2025 (date) — Date of earliest event reported
- Florida (location) — State of incorporation
- 1000 Darden Center Drive, Orlando, Florida 32837 (address) — Principal executive offices
FAQ
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.
What is the exact name of the registrant?
The exact name of the registrant is DARDEN RESTAURANTS, INC.
On what date is the report filed?
The report is filed as of January 28, 2025, with the date of the earliest event reported being January 27, 2025.
What is the company's state of incorporation and IRS Employer Identification No.?
The company is incorporated in Florida and its IRS Employer Identification No. is 59-3305930.
What is the address and phone number of Darden Restaurants, Inc.'s principal executive offices?
The address of the principal executive offices is 1000 Darden Center Drive, Orlando, Florida 32837, and the telephone number is (407) 245-4000.
Filing Stats: 456 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2025-01-28 16:07:49
Filing Documents
- dri-20250127.htm (8-K) — 22KB
- 0000940944-25-000006.txt ( ) — 142KB
- dri-20250127.xsd (EX-101.SCH) — 2KB
- dri-20250127_lab.xml (EX-101.LAB) — 21KB
- dri-20250127_pre.xml (EX-101.PRE) — 12KB
- dri-20250127_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 27, 2025, Nana Mensah, a member of the Board of Directors (the "Board") of Darden Restaurants, Inc. (the "Company"), notified the Company of his decision to retire from the Board effective January 28, 2025. Mr. Mensah's departure from the Board is not the result of any disagreement with the Company, the Board or management relating to the Company's operations, policies or practices. The Company and the Board would like to express their appreciation to Mr. Mensah for his years of service to the Company. 2
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. DARDEN RESTAURANTS, INC. By: /s/ Matthew R. Broad Matthew R. Broad Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary Date: January 28, 2025 3