Noodles & Company appoints Drew Madsen as interim CEO; Dave Boennighausen departs

NOODLES & Co

Drew Madsen, board member since 2017, named interim CEO effective Nov 9, 2023; former President of Panera Bread and Darden.
Dave Boennighausen terminated as CEO; eligible for severance upon signing release agreement.
Board initiates comprehensive search for permanent CEO with executive search firm assistance.
Madsen receives $669,500 annual base salary and 100,000 RSUs vesting at permanent CEO start or change of control.
Monthly grants of 10,000 RSUs begin May 1, 2024, while serving as interim CEO.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Dave Boennighausen

Chief Executive Officer

NDLS · NOODLES & Co

Effective: 2023-11-09
Successor: Drew Madsen
Filed: November 13, 2023, 6:59 PM ET

Dave Boennighausen ceased serving as Chief Executive Officer of the Company, effective November 9, 2023.

Appointed (interim)

Drew Madsen

interim Chief Executive Officer

NDLS · NOODLES & Co

Effective: 2023-11-09
Filed: November 13, 2023, 6:59 PM ET

appointed Drew Madsen, 67, as t he Company’s interim Chief Executive Officer, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dave Boennighausen departed as Chief Executive Officer at NOODLES & Co.

Action: ceased serving
Role: Chief Executive Officer

Exact text from the filing

Dave Boennighausen ceased serving as Chief Executive Officer of the Company, effective November 9, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Drew Madsen was appointed as interim Chief Executive Officer at NOODLES & Co.

Action: appointed
Role: interim Chief Executive Officer

Exact text from the filing

appointed Drew Madsen, 67, as t he Company’s interim Chief Executive Officer, effective immediately.

View on SEC.gov

NOODLES & Co filing history →

Source: SEC EDGAR

accession 0001275158-23-000096

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