{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-271014","form_type":"8-K","ticker":"WEN","cik":"0000030697","company_name":"Wendy's Co","filed_at":"2025-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.668583+00:00","generated_at":"2026-05-16T23:13:11.690515+00:00","sec_items":["2.02","9.01","5.03"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Wendy's Q3 revenue $549.5M, net income $44.3M; U.S. same-store sales down 4.7%","bullets":["Adjusted revenue $442.5M (-0.2% YoY); adjusted EPS $0.24 (-4.0% YoY); reported EPS $0.23.","U.S. same-restaurant sales fell 4.7%; international same-restaurant sales grew 3.0%.","Adjusted EBITDA up 2.1% to $138.0M; free cash flow outlook raised by ~$35M at midpoint.","Opened 54 new restaurants in Q3; total additions 172 YTD; international systemwide sales +8.6%.","Interim CEO Ken Cook announced 'Project Fresh' turnaround plan for U.S. operations."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-271014","json":"https://secwatch.observer/filing/0001193125-25-271014.json","markdown":"https://secwatch.observer/filing/0001193125-25-271014.md","text":"https://secwatch.observer/filing/0001193125-25-271014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/30697/000119312525271014/0001193125-25-271014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/30697/000119312525271014/d94107d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:13:11.690515+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5697f3f4731e57def144bf7afd57faaffe8075ef","claim":"Wendy's Co: Amended By-Laws to update procedures for stockholder action by written consent, eliminate stockholder list examination requirement, make Senior Vice Chair and Vice Chair roles optional, and make technical changes (effective 2025-11-05).","evidence_excerpt":"On November 5, 2025, the Board of Directors (the “Board”) of the Company, upon the recommendation of the Board’s Nominating and Governance Committee, approved and adopted amendments to the Company’s By-Laws","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/30697/000119312525271014/0001193125-25-271014-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2025-11-05"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}