Highest-materiality recent filing
Wendy's appoints Robert D. Wright as President and CEO effective May 21
Robert D. Wright appointed President and CEO effective May 21, 2026; also joins Board of Directors.
Wendy's Q1 net income down 42% to $22.7M; U.S. same-restaurant sales -7.8%
Reported diluted EPS $0.12, adjusted EPS $0.12; net income fell to $22.7M from $39.2M a year ago.
Wendy's responds to Trian amended 13D; reaffirms Project Fresh turnaround
Trian Fund Management filed an amended Schedule 13D on February 18, 2026.
Wendy's Q4 global systemwide sales fall 8.3%; net income drops to $26.5M
Global systemwide sales $3.4B (-8.3% Q4); full year $14.0B (-3.5%).
Wendy's updates CEO search: Board evaluating internal and external candidates
Board continues CEO search with global executive search firm; evaluating strong slate of internal and external candidates.
Wendy's issues $450M 5.422% notes; refinances near-term debt and amends indenture
Issued $450M Series 2025-1 5.422% Fixed Rate Senior Secured Notes, Class A-2, due 2055 (anticipated 2032).
Wendy's enters $450M securitization, issues 5.422% Series 2025-1 Notes due 2032
Master Issuer (Wendy's Funding, LLC) to issue $450M Series 2025-1 5.422% Fixed Rate Senior Secured Notes, Class A-2.
Wendy's subsidiaries to issue $400M in new securitized notes; proceeds to repay existing debt
New $400M fixed rate senior secured notes (Series 2025-1 Class A-2) to be issued.
Wendy's Q3 revenue $549.5M, net income $44.3M; U.S. same-store sales down 4.7%
Adjusted revenue $442.5M (-0.2% YoY); adjusted EPS $0.24 (-4.0% YoY); reported EPS $0.23.
Wendy's launches Project Fresh strategic plan; cuts Build to Suit capital by ~$20M in 2025
Reduces 2025 Build to Suit capital by ~$20M, with a larger anticipated reduction in 2026, to reallocate resources to drive AUV growth.
Wendy's Q2 2025: global systemwide sales down 1.8%, adjusted EPS $0.29 (+7.4%)
Global systemwide sales fell 1.8% to $3.66B; US same-restaurant sales dropped 3.6%, International up 1.8%.
Wendy's sets interim CEO Ken Cook's salary at $825k, $2M equity award
Annual base salary of $825,000 for interim CEO role.
Wendy's grants $2.22M in retention awards to exec team excluding interim CEO Cook
Retention awards approved July 24, 2025, effective August 12, 2025, for executive leadership excluding Ken Cook.
Wendy's names Pete Suerken President U.S.; Abigail Pringle to depart Aug 15, 2025
Pete Suerken appointed President U.S., effective July 22, 2025; previously CEO of QSCC purchasing co-op.
CEO Kirk Tanner resigns to lead Hershey; CFO Ken Cook named interim CEO
Kirk Tanner resigns as President and CEO effective July 18, 2025; will become CEO of The Hershey Company (NYSE: HSY).
Wendy's 2025 annual meeting: all director nominees elected, all three shareholder proposals rejected
All 10 director nominees elected; Kristin A. Dolan received lowest support (137.5M for vs 10.3M against).
Kenneth Cook will cease to be the Interim Chief Executive Officer of the Company as of the Effective Date.
On May 17, 2026, the Board of Directors (the “Board”) of The Wendy’s Company (the “Company”) appointed Robert D. Wright as President and Chief Executive Officer of the Company, effective May 21, 2026
The Board also elected Mr. Wright to serve as a director of the Company, as of the Effective Date.
Max materiality 0.80 · Median 0.65 · Most common event leadership