secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K/A
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0000950142-22-003205
Event type: leadership
Sentiment:  negative
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000095014222003205/0000950142-22-003205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000095014222003205/eh220305186_8ka1.htm
  HTML page:      https://secwatch.observer/filing/0000950142-22-003205

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