secwatch.observer — SEC 8-K summary
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Issuer:     Bloomin' Brands, Inc. (BLMN)
CIK:        0001546417
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001546417-24-000153
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bloomin' Brands amends severance plan to include executive officers (Section 16)
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- Plan now covers officers considered 'Executive Officers' under Section 16 of Exchange Act.
- Severance: involuntary termination without cause gets one year salary + pro-rated target bonus + 12 months COBRA premiums.
- Termination for unsatisfactory performance/insufficient aptitude gets half that severance.
- No severance if employee has separate employment agreement or is eligible under CIC plan.
- Plan effective October 21, 2024; amends prior plan from October 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1546417/000154641724000153/0001546417-24-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1546417/000154641724000153/blmn-20241021.htm
  HTML page:      https://secwatch.observer/filing/0001546417-24-000153

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