secwatch.observer — SEC 8-K summary
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Issuer:     DARDEN RESTAURANTS INC (DRI)
CIK:        0000940944
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0000940944-21-000091
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Darden CEO Gene Lee to retire May 29, 2022; COO Rick Cardenas named successor
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- Eugene I. Lee, Jr. to retire as CEO effective May 29, 2022; will serve as Executive Chairman until 2022 annual meeting, then non-executive Chairman.
- Board elects President and COO Ricardo Cardenas as CEO and board member effective May 30, 2022. Cardenas joined Darden in 1984 as hourly employee.
- During Lee's tenure, Darden's revenues increased >$2B and market cap tripled to ~$20B; total shareholder returns 1.5x S&P 500.
- Cardenas served as CFO from 2016 to 2021 and COO since January 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/940944/000094094421000091/0000940944-21-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/940944/000094094421000091/dri-20211215.htm
  HTML page:      https://secwatch.observer/filing/0000940944-21-000091

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