---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-010240"
form_type: "8-K"
ticker: "WEN"
cik: "0000030697"
company_name: "Wendy's Co"
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T22:09:57.364730+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-010240
- form_type: 8-K
- ticker: WEN
- cik: 0000030697
- company_name: Wendy's Co
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/30697/000119312524010240/0001193125-24-010240-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/30697/000119312524010240/d701059d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-010240
- JSON: https://secwatch.observer/filing/0001193125-24-010240.json
- Plain text: https://secwatch.observer/filing/0001193125-24-010240.txt

## Key facts
- Executive change
  Kirk Tanner was appointed as President and Chief Executive Officer at Wendy's Co.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/30697/000119312524010240/0001193125-24-010240-index.htm
- Executive change
  Todd A. Penegor was terminated as President and Chief Executive Officer at Wendy's Co.
  - Action: terminated
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/30697/000119312524010240/0001193125-24-010240-index.htm
- Executive change
  Kirk Tanner was elected as Director at Wendy's Co.
  - Action: elected
  - Role: Director
  source text: The Board also elected Mr. Tanner to serve as a director of the Company, as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/30697/000119312524010240/0001193125-24-010240-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.