Red Robin discloses severance terms for departing CFO ($490K) and CIO ($390K)

RED ROBIN GOURMET BURGERS INC

CFO Schweinfurth receives $490K lump-sum severance (12 months base salary), plus 2022 bonus, RSU cash-out at $7.50/share, and 12 months COBRA.
CIO Morse receives $390K lump-sum severance (12 months base salary), plus similar bonus, RSU cash-out, $15K outplacement, and 12 months COBRA.
Both executives forfeit unvested RSUs, PSUs, and stock options; vested options remain exercisable per award terms.
Chief Concept Officer Muhtar has no severance agreement yet; Company expects to enter one later.
Severance conditioned on release execution and compliance with 12-month non-compete and non-solicitation covenants.

item 5.02 item 9.01

Executive movements

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Departed

Darla Morse

Executive Vice President and Chief Information Officer

RRGB · RED ROBIN GOURMET BURGERS INC

Filed: November 17, 2022, 6:59 PM ET

On November 3, 2022, Red Robin Gourmet Burgers, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) reporting various executive transitions including the departures of Lynn Schweinfurth, the Company’s Executive Vice President and Chief Financial Officer, Jonathan Muhtar, the Company’s Executive Vice President and Chief Concept Officer, and Darla Morse, the Company’s Executive Vice President and Chief Information Officer.

Departed

Lynn Schweinfurth

Executive Vice President and Chief Financial Officer

RRGB · RED ROBIN GOURMET BURGERS INC

Filed: November 17, 2022, 6:59 PM ET

On November 3, 2022, Red Robin Gourmet Burgers, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) reporting various executive transitions including the departures of Lynn Schweinfurth, the Company’s Executive Vice President and Chief Financial Officer, Jonathan Muhtar, the Company’s Executive Vice President and Chief Concept Officer, and Darla Morse, the Company’s Executive Vice President and Chief Information Officer.

Departed

Jonathan Muhtar

Executive Vice President and Chief Concept Officer

RRGB · RED ROBIN GOURMET BURGERS INC

Filed: November 17, 2022, 6:59 PM ET

On November 3, 2022, Red Robin Gourmet Burgers, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) reporting various executive transitions including the departures of Lynn Schweinfurth, the Company’s Executive Vice President and Chief Financial Officer, Jonathan Muhtar, the Company’s Executive Vice President and Chief Concept Officer, and Darla Morse, the Company’s Executive Vice President and Chief Information Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Darla Morse departed as Executive Vice President and Chief Information Officer at RED ROBIN GOURMET BURGERS INC.

Action: departed
Role: Executive Vice President and Chief Information Officer

Exact text from the filing

On November 3, 2022, Red Robin Gourmet Burgers, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) reporting various executive transitions including the departures of Lynn Schweinfurth, the Company’s Executive Vice President and Chief Financial Officer, Jonathan Muhtar, the Company’s Executive Vice President and Chief Concept Officer, and Darla Morse, the Company’s Executive Vice President and Chief Information Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lynn Schweinfurth departed as Executive Vice President and Chief Financial Officer at RED ROBIN GOURMET BURGERS INC.

Action: departed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On November 3, 2022, Red Robin Gourmet Burgers, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) reporting various executive transitions including the departures of Lynn Schweinfurth, the Company’s Executive Vice President and Chief Financial Officer, Jonathan Muhtar, the Company’s Executive Vice President and Chief Concept Officer, and Darla Morse, the Company’s Executive Vice President and Chief Information Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Muhtar departed as Executive Vice President and Chief Concept Officer at RED ROBIN GOURMET BURGERS INC.

Action: departed
Role: Executive Vice President and Chief Concept Officer

Exact text from the filing

On November 3, 2022, Red Robin Gourmet Burgers, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) reporting various executive transitions including the departures of Lynn Schweinfurth, the Company’s Executive Vice President and Chief Financial Officer, Jonathan Muhtar, the Company’s Executive Vice President and Chief Concept Officer, and Darla Morse, the Company’s Executive Vice President and Chief Information Officer.

View on SEC.gov

RED ROBIN GOURMET BURGERS INC filing history →

Source: SEC EDGAR

accession 0000950142-22-003205

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