secwatch.observer — SEC 8-K summary
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Issuer:     El Pollo Loco Holdings, Inc. (LOCO)
CIK:        0001606366
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001387131-23-013023
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606366/000138713123013023/0001387131-23-013023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606366/000138713123013023/loco-8k_110223.htm
  HTML page:      https://secwatch.observer/filing/0001387131-23-013023

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