secwatch.observer — SEC 8-K summary
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Issuer:     Texas Roadhouse, Inc. (TXRH)
CIK:        0001289460
Form:       8-K
Filed at:   2024-12-31T23:59:59+00:00
Accession:  0001104659-24-132849
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Texas Roadhouse enters new employment agreements with CEO and five other execs, effective Jan 8, 2025
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- CEO Jerry Morgan gets $1.4M base salary, $2.1M service-based RSU for 2025, and up to $12.6M in performance-based RSUs.
- President Gina Tobin gets $725K base salary; CFO, COO, CTO, CCO each get $630K base and $525K target bonus.
- Performance-based RSUs vest over three years based on EPS growth: 10% (year 1), 21% cumulative (year 2), 33% cumulative (year 3) vs FY2024.
- Agreements run through Jan 7, 2028, with automatic one-year renewals; include separation pay, non-compete, and clawback provisions.
- Service-based RSUs granted Jan 8, 2025, vest Jan 8, 2026; performance-based RSUs also granted then, vesting one-third annually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289460/000110465924132849/0001104659-24-132849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289460/000110465924132849/tm2432052d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-132849

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