secwatch.observer — SEC 8-K summary
======================================

Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0000950142-23-002315
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Robin adopts Executive Severance Plan with enhanced CIC severance multiples
-------------------------------------------------------------------------------

- CEO receives 3x base salary + target bonus on change-in-control termination; 2x base on non-CIC termination.
- Other C-suite executives get 2x (CIC) and 1x (non-CIC) severance multipliers; other participants get 1x (CIC).
- Time-based equity awards fully vest upon CIC qualifying termination; performance awards vest per actual results.
- Plan replaces prior Executive Change in Control Severance Plan effective August 25, 2023.
- Severance subject to signed release and restrictive covenants; benefits continuation period up to 36 months for CEO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000095014223002315/0000950142-23-002315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000095014223002315/eh230394902_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-002315

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