secwatch.observer — SEC 8-K summary
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Issuer:     Bloomin' Brands, Inc. (BLMN)
CIK:        0001546417
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001546417-24-000002
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bloomin' Brands adds Dave George (ex-Darden COO) and Starboard's Jon Sagal to board under cooperation agreement
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- Dave George, former COO of Darden Restaurants, and Jon Sagal, Starboard partner, appointed to board effective Jan 2, 2024.
- Starboard owns ~9.7% of BLMN; agreement includes standstill, voting commitments, and mutual non-disparagement.
- Newly formed Operating Committee to work with management on operational improvements; George to chair, Sagal, Mohan, and Mahoney as members.
- George will also serve on Compensation Committee; Sagal on Nominating and Governance Committee.
- Standard director compensation: $95K annual retainer plus $155K RSU; pro-rated for new appointees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1546417/000154641724000002/0001546417-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1546417/000154641724000002/blmn-20240102.htm
  HTML page:      https://secwatch.observer/filing/0001546417-24-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer