secwatch.observer — SEC 8-K summary
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Issuer:     RED ROBIN GOURMET BURGERS INC (RRGB)
CIK:        0001171759
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0000950142-25-001161
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Robin appoints David A. Pace as President & CEO; G.J. Hart to serve as advisor through Sept 2025
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- David A. Pace appointed President & CEO effective April 24, 2025; succeeds G.J. Hart who becomes senior advisor through Sept 2025.
- Anthony S. Ackil appointed Chairman of the Board; Pace remains on Board.
- Pace will receive base salary $750k, annual bonus target 200% of salary, and 750k RSUs plus 900k performance-based RSUs.
- Hart to receive $1.8M severance (18 months salary) plus pro-rata bonus; departures amicable, no policy disagreements.
- Q1 2025 outlook: comparable restaurant sales up ~3%, Adjusted EBITDA expected to exceed prior guidance of $18-19M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171759/000095014225001161/0000950142-25-001161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171759/000095014225001161/eh250618999_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-001161

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