secwatch.observer — SEC 8-K summary
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Issuer:     El Pollo Loco Holdings, Inc. (LOCO)
CIK:        0001606366
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001606366-24-000032
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

El Pollo Loco repurchases 1.53M shares from Freeman Spogli at $9.785; terminates TRA for $399k
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- Repurchased 1,534,303 shares at $9.785/share (5% discount to May 23 close), total ~$15.0M from Freeman Spogli entities.
- Repurchase closed May 29, 2024; John Roth (former director) is exec at Freeman Spogli, the managing entity.
- Terminated Income Tax Receivable Agreement with same sellers for $398,895.50 cash payment.
- Prior repurchases from same sellers: 1.5M shares in Nov 2023 and 2.5M shares in Aug 2023.
- Repurchase reduces outstanding shares by ~4.3%; funded from available cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606366/000160636624000032/0001606366-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606366/000160636624000032/loco-20240523x8k.htm
  HTML page:      https://secwatch.observer/filing/0001606366-24-000032

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