Red Robin COO Michael Buchmeier departs Jan 31; severance $330K lump sum plus benefits

RED ROBIN GOURMET BURGERS INC

COO Michael Buchmeier's separation effective Jan 31, 2023; severance includes $330,000 cash (12 months base salary).
2022 annual bonus if earned plus cash for RSUs vesting in 2023 at $7.50/share; $15,000 outplacement.
12-month non-compete in burger-focused restaurant business in Colorado and specific casual dining chains.
Unvested equity forfeited; vested options remain exercisable per award; PSUs eligible for retirement treatment.
Executive subject to non-solicitation, non-disparagement, and confidentiality covenants post-termination.

item 5.02 item 9.01

Executive movements

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Departed

Michael Buchmeier

Senior Vice President and Chief Operating Officer

RRGB · RED ROBIN GOURMET BURGERS INC

Effective: 2023-01-31
Filed: December 21, 2022, 6:59 PM ET

announcing the departure of Michael Buchmeier, the Company’s Senior Vice President and Chief Operating Officer (the “Executive”), effective January 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Buchmeier departed as Senior Vice President and Chief Operating Officer at RED ROBIN GOURMET BURGERS INC.

Action: departed
Role: Senior Vice President and Chief Operating Officer

Exact text from the filing

announcing the departure of Michael Buchmeier, the Company’s Senior Vice President and Chief Operating Officer (the “Executive”), effective January 31, 2023.

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RED ROBIN GOURMET BURGERS INC filing history →

Source: SEC EDGAR

accession 0000950142-22-003458

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