Bloomin' Brands appoints Mike Spanos as CEO effective Sept 3, 2024; David Deno retires

Bloomin' Brands, Inc.

Mike Spanos named CEO and board member, starts Sept 3, 2024; replaces retiring David Deno.
Spanos was COO of Delta Air Lines; prior CEO of Six Flags, 25+ years at PepsiCo.
Employment terms: $1M base salary, 175% target bonus, $2.5M upfront equity, $6M annual equity from 2025.
Brett Patterson, President of Outback Steakhouse, resigns effective Sept 27 to join another company.
Deno remains employed through Dec 31, 2024 for transition at current salary plus 2024 bonus.

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.

Departed

David J. Deno

Chief Executive Officer

BLMN · Bloomin' Brands, Inc.

Effective: 2024-09-03
Successor: Michael L. Spanos
Filed: August 26, 2024, 7:59 PM ET

Mr. Deno will retire from the Board and his role as Chief Executive Officer effective September 3, 2024 and will remain employed by the Company through December 31, 2024 as a transition period at his current rate of base salary and receive his 2024 bonus following his departure at the estimated level of Company performance.

Departed

Brett Patterson

Executive Vice President, President of Outback Steakhouse

BLMN · Bloomin' Brands, Inc.

Effective: 2024-09-27
Filed: August 26, 2024, 7:59 PM ET

Brett Patterson, the Company’s Executive Vice President, President of Outback Steakhouse, has resigned from the Company effective as of September 27, 2024 as he has accepted a position at another company.

Appointed

Michael L. "Mike" Spanos

Chief Executive Officer

BLMN · Bloomin' Brands, Inc.

Effective: 2024-09-03
Filed: August 26, 2024, 7:59 PM ET

On August 21, 2024 , the Board of Directors (the “Board”) of Bloomin’ Brands, Inc. (the “Company”), appointed Michael L. “Mike” Spanos to serve as a director and Chief Executive Officer, effective September 3, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David J. Deno departed as Chief Executive Officer at Bloomin' Brands, Inc..

Action: retiring
Role: Chief Executive Officer

Exact text from the filing

Mr. Deno will retire from the Board and his role as Chief Executive Officer effective September 3, 2024 and will remain employed by the Company through December 31, 2024 as a transition period at his current rate of base salary and receive his 2024 bonus following his departure at the estimated level of Company performance.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brett Patterson resigned as Executive Vice President, President of Outback Steakhouse at Bloomin' Brands, Inc..

Action: resigned
Role: Executive Vice President, President of Outback Steakhouse

Exact text from the filing

Brett Patterson, the Company’s Executive Vice President, President of Outback Steakhouse, has resigned from the Company effective as of September 27, 2024 as he has accepted a position at another company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael L. "Mike" Spanos was appointed as Chief Executive Officer at Bloomin' Brands, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On August 21, 2024 , the Board of Directors (the “Board”) of Bloomin’ Brands, Inc. (the “Company”), appointed Michael L. “Mike” Spanos to serve as a director and Chief Executive Officer, effective September 3, 2024.

View on SEC.gov

Bloomin' Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001546417-24-000129

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