---
schema_version: "secwatch.filing_event.v1"
accession: "0001275158-23-000096"
form_type: "8-K"
ticker: "NDLS"
cik: "0001275158"
company_name: "NOODLES & Co"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T04:40:14.015459+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001275158-23-000096
- form_type: 8-K
- ticker: NDLS
- cik: 0001275158
- company_name: NOODLES & Co
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275158/000127515823000096/0001275158-23-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275158/000127515823000096/ndls-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001275158-23-000096
- JSON: https://secwatch.observer/filing/0001275158-23-000096.json
- Plain text: https://secwatch.observer/filing/0001275158-23-000096.txt

## Key facts
- Executive change
  Dave Boennighausen departed as Chief Executive Officer at NOODLES & Co.
  - Action: ceased serving
  - Role: Chief Executive Officer
  source text: Dave Boennighausen ceased serving as Chief Executive Officer of the Company, effective November 9, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275158/000127515823000096/0001275158-23-000096-index.htm
- Executive change
  Drew Madsen was appointed as interim Chief Executive Officer at NOODLES & Co.
  - Action: appointed
  - Role: interim Chief Executive Officer
  source text: appointed Drew Madsen, 67, as t he Company’s interim Chief Executive Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275158/000127515823000096/0001275158-23-000096-index.htm

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