secwatch.observer — SEC 8-K summary
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Issuer:     BRINKER INTERNATIONAL, INC (EAT)
CIK:        0000703351
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000703351-24-000042
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brinker adopts 5-year performance share plan for CEO Hochman ($20M target) and two other executives
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- CEO Hochman receives $20M target performance shares; Aaron White $3M; George Felix $2M.
- Payout based on TSR vs S&P 1500 Hotels, Restaurants & Leisure Index over 5 years (Sept 2024 – Sept 2029).
- Target requires 60th percentile; max 200% of target, but capped at 100% if Company TSR negative.
- Employment through Sept 2029 generally required to earn shares; vesting accelerated upon qualifying termination or change in control.
- Annual meeting ratified KPMG as auditors and approved 2024 Stock Option & Incentive Plan with 97%+ votes for directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703351/000070335124000042/0000703351-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703351/000070335124000042/eat-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000703351-24-000042

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