secwatch.observer — SEC 8-K summary
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Issuer:     Portillo's Inc. (PTLO)
CIK:        0001871509
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001871509-25-000108
Event type: other
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Portillo's shareholders re-elect all eight directors, reject special meeting proposal
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- All eight director nominees elected with >98% of votes cast; broker non-votes of 12.2M shares.
- Advisory say-on-pay approved with ~95% of votes cast (51.7M for, 2.5M against).
- Deloitte & Touche ratified as independent auditor for FY2025 with 64.1M for, 2.2M against.
- Shareholder proposal to allow special meetings rejected: 28.3M against, 25.8M for, 12.2M broker non-votes.
- Cooperation agreement with Engaged Capital (April 2025) noted but no new details provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1871509/000187150925000108/0001871509-25-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1871509/000187150925000108/ptlo-20250610.htm
  HTML page:      https://secwatch.observer/filing/0001871509-25-000108

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