Noodles & Company settles with activist Hoak; appoints Britain Peakes to board

NOODLES & Co

Britain Peakes appointed as Class III director effective June 10, 2024, with term until 2025 annual meeting.
Hoak, which owns ~9.48% of NDLS, agreed to standstill and voting commitments through early 2026 (extendable).
Company will recommend and solicit proxies for Peakes' election at 2025 annual meeting, subject to conditions.
Hoak restricted from acquiring >20% ownership, soliciting proxies, or proposing board nominees during standstill.

item 1.01 item 5.02 item 8.01 item 9.01

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Appointed

Britain Peakes

Director

NDLS · NOODLES & Co

Effective: 2024-06-10
Filed: June 11, 2024, 7:59 PM ET

on June 10, 2024, the Board appointed Britain Peakes as a member of the Board effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Britain Peakes was appointed as Director at NOODLES & Co.

Action: appointed
Role: Director

Exact text from the filing

on June 10, 2024, the Board appointed Britain Peakes as a member of the Board effective immediately.

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NOODLES & Co filing history →

Source: SEC EDGAR

accession 0001275158-24-000066

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