---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-036110"
form_type: "8-K"
ticker: "PTLO"
cik: "0001871509"
company_name: "Portillo's Inc."
filed_at: "2025-04-28T23:59:59+00:00"
generated_at: "2026-05-23T05:12:47.197475+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Portillo's enters cooperation agreement with Engaged Capital; joint search for new director

## Summary
- Engaged Capital withdraws director nominations and books-and-records demand for 2025 Annual Meeting.
- Portillo's and Engaged Capital will jointly identify a new director with recent restaurant operations experience.
- Engaged Capital agrees to customary standstill and voting provisions through earlier of 2026 meeting notice deadline or 120 days before 2025 meeting.
- Portillo's to reimburse Engaged Capital up to $300,000 for expenses incurred.
- Board Chair cites commitment to decisive actions on traffic, margins, and unit economics.

## SEC filing metadata
- accession: 0001213900-25-036110
- form_type: 8-K
- ticker: PTLO
- cik: 0001871509
- company_name: Portillo's Inc.
- filed_at: 2025-04-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1871509/000121390025036110/0001213900-25-036110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1871509/000121390025036110/ea0239727-8k_portillos.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-036110
- JSON: https://secwatch.observer/filing/0001213900-25-036110.json
- Plain text: https://secwatch.observer/filing/0001213900-25-036110.txt

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