secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0001275158-24-000072
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Noodles & Company EVP/GC Melissa Heidman departs; severance includes $515K salary, RSU vesting
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- Melissa Heidman, EVP, General Counsel & Secretary, departs effective July 2, 2024.
- Severance includes 18 months base salary ($515,366) paid over 18 months.
- Also receives lump sum COBRA payment of $37,842 and prorated 2024 annual bonus (6 months).
- Vesting of 34,899 pre-2024 restricted stock units; all other unvested RSUs and PSUs forfeited.
- Company and Heidman executed separation agreement with mutual releases; no replacement named.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515824000072/0001275158-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515824000072/ndls-20240619.htm
  HTML page:      https://secwatch.observer/filing/0001275158-24-000072

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