8-K
filed October 30, 2023, 7:59 PM ET
CIK 0001534992
M&A
confidence high
sentiment neutral
materiality 0.95
Fiesta Restaurant Group, Inc.: M&A transaction — Fiesta Restaurant Group acquired for $8.50/share in all-cash merger, delisting from Nasdaq
Fiesta Restaurant Group, Inc.
- Merger completed Oct 30, 2023; shareholders received $8.50 per share in cash.
- All pre-merger directors (Daraviras, Rauch, Shepherd, Twohig, Kaplan, Rechtschaffen, Tripathy) ceased; Dirk Montgomery became sole director.
- Common stock (FRGI) halted trading Oct 30, delisting from Nasdaq effective Oct 31, 2023; Form 15 to follow for deregistration.
- Credit Agreement, Security Agreement, and Guarantee Agreement terminated effective Oct 27, 2023.
- Amended certificate of incorporation and bylaws adopted post-merger.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul E. Twohig departed as Director at Fiesta Restaurant Group, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
all of the members of the Company’s board of directors (which consisted of Nicholas Daraviras, Stacey Rauch, Nicholas Shepherd, Paul E. Twohig, Sherrill Kaplan, Andrew Rechtschaffen and Nirmal K. Tripathy) ceased to be directors of the Company, and Dirk Montgomery became the sole director of the Company, as the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sherrill Kaplan departed as Director at Fiesta Restaurant Group, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
all of the members of the Company’s board of directors (which consisted of Nicholas Daraviras, Stacey Rauch, Nicholas Shepherd, Paul E. Twohig, Sherrill Kaplan, Andrew Rechtschaffen and Nirmal K. Tripathy) ceased to be directors of the Company, and Dirk Montgomery became the sole director of the Company, as the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stacey Rauch departed as Director at Fiesta Restaurant Group, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
all of the members of the Company’s board of directors (which consisted of Nicholas Daraviras, Stacey Rauch, Nicholas Shepherd, Paul E. Twohig, Sherrill Kaplan, Andrew Rechtschaffen and Nirmal K. Tripathy) ceased to be directors of the Company, and Dirk Montgomery became the sole director of the Company, as the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nicholas Shepherd departed as Director at Fiesta Restaurant Group, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
all of the members of the Company’s board of directors (which consisted of Nicholas Daraviras, Stacey Rauch, Nicholas Shepherd, Paul E. Twohig, Sherrill Kaplan, Andrew Rechtschaffen and Nirmal K. Tripathy) ceased to be directors of the Company, and Dirk Montgomery became the sole director of the Company, as the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew Rechtschaffen departed as Director at Fiesta Restaurant Group, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
all of the members of the Company’s board of directors (which consisted of Nicholas Daraviras, Stacey Rauch, Nicholas Shepherd, Paul E. Twohig, Sherrill Kaplan, Andrew Rechtschaffen and Nirmal K. Tripathy) ceased to be directors of the Company, and Dirk Montgomery became the sole director of the Company, as the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nirmal K. Tripathy departed as Director at Fiesta Restaurant Group, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
all of the members of the Company’s board of directors (which consisted of Nicholas Daraviras, Stacey Rauch, Nicholas Shepherd, Paul E. Twohig, Sherrill Kaplan, Andrew Rechtschaffen and Nirmal K. Tripathy) ceased to be directors of the Company, and Dirk Montgomery became the sole director of the Company, as the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nicholas Daraviras departed as Director at Fiesta Restaurant Group, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
all of the members of the Company’s board of directors (which consisted of Nicholas Daraviras, Stacey Rauch, Nicholas Shepherd, Paul E. Twohig, Sherrill Kaplan, Andrew Rechtschaffen and Nirmal K. Tripathy) ceased to be directors of the Company, and Dirk Montgomery became the sole director of the Company, as the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dirk Montgomery was appointed as Director at Fiesta Restaurant Group, Inc..
- Action
- became
- Role
- Director
Exact text from the filing
all of the members of the Company’s board of directors (which consisted of Nicholas Daraviras, Stacey Rauch, Nicholas Shepherd, Paul E. Twohig, Sherrill Kaplan, Andrew Rechtschaffen and Nirmal K. Tripathy) ceased to be directors of the Company, and Dirk Montgomery became the sole director of the Company, as the Surviving Corporation.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Fiesta Restaurant Group, Inc. underwent a change of control involving Fiesta Holdings, LLC and Fiesta Merger Sub, LLC for $8.50 per share in cash (closed 2023-10-30).
- Action
- change of control
- Counterparty
- Fiesta Holdings, LLC and Fiesta Merger Sub, LLC
- Consideration
- $8.50 per share in cash
- Closing
- 2023-10-30
Exact text from the filing
or by stockholders who have properly exercised and perfected appraisal rights under Delaware law) was automatically cancelled and converted into the right to receive $8.50 per share in cash, without interest (the “Merger Consideration”), (2) each restricted stock award with respect to Common Stock (“Company Restricted Stock Award”) issued and
View on SEC.gov
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