secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2024-06-11T23:59:59+00:00
Accession:  0001275158-24-000066
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515824000066/0001275158-24-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515824000066/ndls-20240606.htm
  HTML page:      https://secwatch.observer/filing/0001275158-24-000066

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