secwatch.observer — SEC 8-K summary
======================================

Issuer:     BRINKER INTERNATIONAL, INC (EAT)
CIK:        0000703351
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0000703351-22-000023
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brinker CEO Wyman Roberts to retire June 5; Kevin Hochman appointed successor
-----------------------------------------------------------------------------

- Wyman Roberts, 63, retires as CEO/President of Brinker and President of Chili's, effective June 5, 2022; will serve as Senior Advisor through Dec 2022, then consultant to June 2023.
- Kevin Hochman, 48, appointed CEO/President of Brinker and President of Chili's, effective June 6, 2022; previously President/Chief Concept Officer of KFC U.S. at Yum! Brands.
- Hochman's employment agreement: $900k base salary, target bonus 110% of base, $400k sign-on bonus, $1.5M RSU make-whole grant, severance provisions.
- Roberts transition agreement: $60k/month advisory salary, $1.85M RSU grant in lieu of FY2023 equity, non-compete covenant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703351/000070335122000023/0000703351-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703351/000070335122000023/eat-20220511.htm
  HTML page:      https://secwatch.observer/filing/0000703351-22-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer