secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0000950142-24-002872
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Robin gets $8.3M investment from JCP/Jumana, appoints two new directors
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- Affiliates of JCP and Jumana invest $8.3M via private placement of 1,600,909 shares at $5.19 each.
- Proceeds to repay indebtedness and for general corporate expenses; post-placement shares outstanding ~17.4M.
- Board expands to ten directors; James C. Pappas and Christopher Martin appointed immediately.
- Cooperation agreement includes standstill, voting commitments, and Finance Committee representation.
- Pappas and Martin will be nominated for election at the 2025 Annual Meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000095014224002872/0000950142-24-002872-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000095014224002872/eh240546757_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-002872

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