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:   2023-06-09T23:59:59+00:00
Accession:  0000950142-23-001655
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000095014223001655/0000950142-23-001655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000095014223001655/eh230367833_8ka1.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-001655

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