secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0001275158-25-000104
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Noodles & Co approves change-in-control retention bonuses for execs; strategic review ongoing
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- Retention bonuses: CEO 100% base salary, CFO 75%, EVP Tech & CAO 50%, payable only upon Change in Control.
- Bonuses require 90-day post-closing employment or termination without cause; expire Dec 31, 2026 if no transaction.
- Board is evaluating strategic alternatives to maximize stockholder value; no assurance of transaction completion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515825000104/0001275158-25-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515825000104/ndls-20251119.htm
  HTML page:      https://secwatch.observer/filing/0001275158-25-000104

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