secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2024-09-11T23:59:59+00:00
Accession:  0001275158-24-000090
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

COO Brad West to retire June 30, 2025; will transition to Chief of Staff role
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- West remains COO until successor appointed, then serves as Chief of Staff to CEO through June 30, 2025.
- Base salary of $376,362 continues; eligible for 2024 and 2025 annual cash bonuses (pro-rated for 2025).
- $100,000 retention bonus payable if employed through June 30, 2025 or on earlier termination without cause or for good reason.
- No severance on retirement; equity awards continue vesting through June 30, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515824000090/0001275158-24-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515824000090/ndls-20240910.htm
  HTML page:      https://secwatch.observer/filing/0001275158-24-000090

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