secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Limited Partnership (RSTRF)
CIK:        0001618755
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0001618755-22-000050
Event type: leadership
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RBI appoints former Domino's CEO Patrick Doyle as Executive Chairman to accelerate growth
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- Doyle appointed Executive Chairman effective Nov 16, 2022; will purchase 500,000 RBI shares (~$30M) in private placement, held for 5 years.
- Receives one-time equity: 2M options (vest 5yr), 500K RSUs (ratable 5yr), 750K PSUs (5.5yr, target 10% CAGR in share price).
- Doyle previously CEO of Domino's (2010-2018), doubling system sales to $13B and creating ~$11B in shareholder value.
- No base salary or annual bonus; compensation is entirely equity-based and tied to long-term performance.
- Current co-Chairmen Schwartz and Behring remain on board; CEO Jose Cil to work closely with Doyle.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618755/000161875522000050/0001618755-22-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618755/000161875522000050/qsp-20221115.htm
  HTML page:      https://secwatch.observer/filing/0001618755-22-000050

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