secwatch.observer — SEC 8-K summary
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Issuer:     El Pollo Loco Holdings, Inc. (LOCO)
CIK:        0001606366
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0001606366-22-000044
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

El Pollo Loco names Ira Fils CFO; employment agreement includes $400K salary, $500K equity grant
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- Ira Fils appointed EVP, CFO effective June 27, 2022; annual base salary $400,000.
- Target annual bonus of 75% of base salary; guaranteed minimum 50% of target for FY2022.
- Initial RSU grant valued at $500,000 vesting over four years; eligible for $500,000 annual equity grants.
- Employment term initially 12 months, auto-renewing; severance includes 12 months base salary and prorated bonus on qualifying termination.
- Post-termination non-solicitation for 12 months and confidentiality provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606366/000160636622000044/0001606366-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606366/000160636622000044/loco-20220628x8k.htm
  HTML page:      https://secwatch.observer/filing/0001606366-22-000044

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