Red Robin announces departure of SVP/Chief People Officer G. Wayne Davis; enters severance agreement

RED ROBIN GOURMET BURGERS INC

Departure effective May 1, 2023; severance agreement executed June 8, 2023.
Lump-sum cash payment of $410,000 (12 months base salary) plus potential Q1 2023 bonus and prorated 2023 annual bonus.
Cash payment for time-based RSUs that would have vested within one year at $14.00 per share; all unvested equity forfeited.
12 months of COBRA premium subsidy, life insurance premium, and $15,000 outplacement.
12-month non-compete in burger-focused restaurant business in Colorado and certain casual dining concepts nationally.

item 5.02 item 9.01

Executive movements

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Departed

G. Wayne Davis

Senior Vice President and Chief People Officer

RRGB · RED ROBIN GOURMET BURGERS INC

Effective: 2023-05-01
Filed: June 9, 2023, 7:59 PM ET

On April 27, 2023, Red Robin Gourmet Burgers, Inc. (the “Company”) announced the departure of G. Wayne Davis, the Company’s Senior Vice President and Chief People Officer (the “Executive”), effective May 1, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

G. Wayne Davis departed as Senior Vice President and Chief People Officer at RED ROBIN GOURMET BURGERS INC.

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

Exact text from the filing

On April 27, 2023, Red Robin Gourmet Burgers, Inc. (the “Company”) announced the departure of G. Wayne Davis, the Company’s Senior Vice President and Chief People Officer (the “Executive”), effective May 1, 2023.

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Source: SEC EDGAR

accession 0000950142-23-001655

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