secwatch.observer — SEC 8-K summary
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Issuer:     Wendy's Co (WEN)
CIK:        0000030697
Form:       8-K
Filed at:   2026-05-20T12:36:58+00:00
Accession:  0001193125-26-231809
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wendy's appoints Robert D. Wright as President and CEO effective May 21
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- Robert D. Wright appointed President and CEO effective May 21, 2026; also joins Board of Directors.
- Wright previously served as CEO of Potbelly Corp and held prior senior roles at Wendy's including EVP, COO.
- Compensation: base salary $1M, target bonus 175% of salary, LTIP awards: PSUs ($3.1M), RSUs ($900K), options ($1.5M).
- Ken Cook, who served as interim CEO, will continue as CFO.
- Wright eligible for retirement-based vesting after 6 years as CEO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30697/000119312526231809/0001193125-26-231809-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30697/000119312526231809/d122885d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-231809

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