Wendy's appoints Kirk Tanner as President & CEO, succeeding Todd Penegor effective Feb 5, 2024

Wendy's Co

Kirk Tanner, former PepsiCo Beverages NA CEO, named Wendy's President & CEO effective Feb 5, 2024.
Todd Penegor to depart after over a decade; termination without cause, benefits per existing policy.
Tanner's pay: $1M base salary, 175% target bonus, $6M LTIP target, $9M one-time equity grant.
FY2023 outlook reaffirmed; Q4 and FY23 results and 2024 outlook to be reported Feb 15, 2024.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Kirk Tanner

President and Chief Executive Officer

WEN · Wendy's Co

Effective: 2024-02-05
Filed: January 18, 2024, 6:59 PM ET

the Board of Directors of the Company (the “Board”) appointed Kirk Tanner as President and Chief Executive Officer of the Company, effective February 5, 2024

Departed

Todd A. Penegor

President and Chief Executive Officer

WEN · Wendy's Co

Effective: 2024-02-05
Successor: Kirk Tanner
Filed: January 18, 2024, 6:59 PM ET

Todd A. Penegor will cease to be the President and Chief Executive Officer of the Company, and will resign from the Board and all Board committees on which he served, as of the Effective Date.

Appointed

Kirk Tanner

Director

WEN · Wendy's Co

Effective: 2024-02-05
Filed: January 18, 2024, 6:59 PM ET

The Board also elected Mr. Tanner to serve as a director of the Company, as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kirk Tanner was appointed as President and Chief Executive Officer at Wendy's Co.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board of Directors of the Company (the “Board”) appointed Kirk Tanner as President and Chief Executive Officer of the Company, effective February 5, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd A. Penegor was terminated as President and Chief Executive Officer at Wendy's Co.

Action: terminated
Role: President and Chief Executive Officer

Exact text from the filing

Todd A. Penegor will cease to be the President and Chief Executive Officer of the Company, and will resign from the Board and all Board committees on which he served, as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kirk Tanner was elected as Director at Wendy's Co.

Action: elected
Role: Director

Exact text from the filing

The Board also elected Mr. Tanner to serve as a director of the Company, as of the Effective Date.

View on SEC.gov

Wendy's Co filing history →

Source: SEC EDGAR

accession 0001193125-24-010240

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