secwatch.observer — SEC 8-K summary
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Issuer:     Texas Roadhouse, Inc. (TXRH)
CIK:        0001289460
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001104659-23-062283
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Texas Roadhouse appoints Chris Monroe as CFO, effective June 28, 2023
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- Chris Monroe, former SVP Finance & Treasurer at Southwest Airlines (30 years), named CFO overseeing accounting, IR, tax, treasury, internal audit, and financial analysis.
- Base salary $500k; annual target bonus $400k (prorated for 2023); signing bonus $500k in two installments ($250k by July 1, 2023 and $250k by Jan 1, 2024).
- Receives service-based RSUs valued at $250k (vest Dec 31, 2024) and performance-based RSUs valued at $150k (vest Jan 8, 2024 based on EPS growth and pre-tax profits targets).
- Keith Humpich remains interim CFO until June 28, then continues as principal accounting officer with a $100,000 per quarter stipend (prorated).
- Initial employment term through Jan 7, 2024 with auto-renewal; includes non-compete, clawback, and change-in-control severance provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289460/000110465923062283/0001104659-23-062283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289460/000110465923062283/tm2316136d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-062283

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