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:   2022-11-25T23:59:59+00:00
Accession:  0000950142-22-003262
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Robin finalizes severance with ex-CCO Muhtar: $452k salary, COBRA, equity forfeiture
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- Lump-sum cash payment of $452,000 (12 months base salary) payable Jan 6, 2023.
- Potential 2022 annual bonus based on actual performance, paid when others receive.
- Cash for time-based RSUs that would vest in 2023, valued at $7.50 per unit; unvested equity forfeited.
- COBRA premium subsidy for 12 months, life insurance premiums, and $15,000 outplacement.
- Subject to 12-month non-compete, non-solicit, non-disparagement, and release of claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000095014222003262/0000950142-22-003262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000095014222003262/eh220307770_8ka2.htm
  HTML page:      https://secwatch.observer/filing/0000950142-22-003262

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