secwatch.observer — SEC 8-K summary
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Issuer:     Wingstop Inc. (WING)
CIK:        0001636222
Form:       8-K
Filed at:   2022-05-27T23:59:59+00:00
Accession:  0001636222-22-000091
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wingstop amends executive severance plan; stockholders elect three directors at annual meeting
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- CEO Michael Skipworth gets severance multiplier of 2.5x salary for change-in-control termination, 2.0x for other qualifying termination.
- Benefit continuation extended to 24 months (30 months after change in control); lump-sum payment added for change-in-control severance.
- Participation Agreement amended to define 'competing business' as fried-chicken QSR and to forfeit CIC pro-rata bonus on breach.
- Annual meeting: Kandy Anand, David Goebel, Michael Hislop elected; KPMG ratified; say-on-pay approved with 99.3% of votes cast in favor.
- Pro-rata target bonus (CIC Pro-Rata Bonus) added for qualifying termination within 24 months of a change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636222/000163622222000091/0001636222-22-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636222/000163622222000091/wing-20220526.htm
  HTML page:      https://secwatch.observer/filing/0001636222-22-000091

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