secwatch.observer — SEC 8-K summary
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Issuer:     El Pollo Loco Holdings, Inc. (LOCO)
CIK:        0001606366
Form:       8-K
Filed at:   2022-06-21T23:59:59+00:00
Accession:  0001606366-22-000042
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

El Pollo Loco COO Miguel Lozano to retire by Nov 22, 2022; severance of $81,250
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- COO Miguel Lozano notified retirement on June 15, 2022; effective on or before November 22, 2022.
- Severance payment of $81,250 in lump sum, plus prorated 2022 annual bonus and salary through separation date.
- Lozano will help transition duties; employment ends 3 weeks after new COO starts or Nov 22, whichever first.
- Unvested stock options forfeited; vested options must be exercised within 90 days after separation.
- Payments conditioned on continued employment and execution of a general release of claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606366/000160636622000042/0001606366-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606366/000160636622000042/loco-20220615x8k.htm
  HTML page:      https://secwatch.observer/filing/0001606366-22-000042

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