secwatch.observer — SEC 8-K summary
======================================

Issuer:     El Pollo Loco Holdings, Inc. (LOCO)
CIK:        0001606366
Form:       8-K
Filed at:   2022-10-11T23:59:59+00:00
Accession:  0001606366-22-000053
Event type: dividend
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

El Pollo Loco declares $1.50 special dividend and $20M buyback program
----------------------------------------------------------------------

- Special dividend of $1.50 per share payable Nov 9, 2022 to holders of record Oct 24, 2022.
- Board authorized $20M share repurchase program effective immediately, expiring March 28, 2024.
- Chairman cites strong balance sheet, low leverage, and positive cash flow outlook.
- Outstanding stock options will be adjusted by reducing exercise price by dividend amount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606366/000160636622000053/0001606366-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606366/000160636622000053/loco-20221011x8k.htm
  HTML page:      https://secwatch.observer/filing/0001606366-22-000053

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