El Pollo Loco CEO Laurance Roberts departs; COO Hollandsworth named interim CEO

El Pollo Loco Holdings, Inc.

Roberts leaves as President/CEO/Director effective Nov 3, 2023; receives 1-year salary continuation ($700k) and $53,846 consulting fee.
COO Maria Hollandsworth becomes interim CEO effective Nov 4; base salary increased to $400k, target bonus up to 100%.
Hollandsworth gets two $75k retention bonuses (Dec 2023, May 2024) and a $200k RSU grant cliff-vesting in one year.
CFO Ira Fils receives RSUs and options each with $155k grant date value, cliff-vesting in one year.
Board engaged executive search firm to identify a permanent CEO.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Maria Hollandsworth

Interim Chief Executive Officer and President

LOCO · El Pollo Loco Holdings, Inc.

Effective: 2023-11-04
Filed: November 2, 2023, 7:59 PM ET

the Board has appointed Maria Hollandsworth as interim Chief Executive Officer and President of the Company (“ Interim CEO ”), effective as of November 4, 2023.

Departed

Laurance Roberts

Chief Executive Officer and President

LOCO · El Pollo Loco Holdings, Inc.

Effective: 2023-11-03
Successor: Maria Hollandsworth
Filed: November 2, 2023, 7:59 PM ET

On November 2, 2023, El Pollo Loco Holdings, Inc. (the “ Company ”) announced that Laurance Roberts, the Company’s Chief Executive Officer and President, is leaving his position as Chief Executive Officer and President and as a member of the Board of Directors of the Company (the “ Board ”), effective as of the close of business on November 3, 2023

Role change

Maria Hollandsworth

EVP, Chief Operating Officer

LOCO · El Pollo Loco Holdings, Inc.

Effective: 2023-11-04
Filed: November 2, 2023, 7:59 PM ET

Ms. Hollandsworth will be promoted to EVP, Chief Operating Officer and her base salary will increase to $400,000

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Maria Hollandsworth was appointed as Interim Chief Executive Officer and President at El Pollo Loco Holdings, Inc..

Action: appointed
Role: Interim Chief Executive Officer and President

Exact text from the filing

the Board has appointed Maria Hollandsworth as interim Chief Executive Officer and President of the Company (“ Interim CEO ”), effective as of November 4, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Laurance Roberts departed as Chief Executive Officer and President at El Pollo Loco Holdings, Inc..

Action: leaving
Role: Chief Executive Officer and President

Exact text from the filing

On November 2, 2023, El Pollo Loco Holdings, Inc. (the “ Company ”) announced that Laurance Roberts, the Company’s Chief Executive Officer and President, is leaving his position as Chief Executive Officer and President and as a member of the Board of Directors of the Company (the “ Board ”), effective as of the close of business on November 3, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Maria Hollandsworth changed role as EVP, Chief Operating Officer at El Pollo Loco Holdings, Inc..

Action: promoted
Role: EVP, Chief Operating Officer

Exact text from the filing

Ms. Hollandsworth will be promoted to EVP, Chief Operating Officer and her base salary will increase to $400,000

View on SEC.gov

El Pollo Loco Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001387131-23-013023

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