Company: RRGB
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038610
Chunk: 70

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 70
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 were intended to facilitate. Considering the foregoing, the Board has determined that it is in the best interests of the Company and its stockholders to approve and recommend to our stockholders to adopt the below amendments to eliminate supermajority vote requirements from our Charter and replace them with majority vote standards. CHARTER AMENDMENTS The Board of Directors proposes to amend the Charter as set forth below and in the Certificate of Amendment attached as Appendix B hereto to remove our supermajority vote requirements and make certain administrative amendments to remove non-substantive and obsolete provisions related to our formerly classified board. The affirmative vote of holders of at least 66 2/3% of the total voting power of all of the then-outstanding shares of capital stock of the Company then entitled to vote generally in the election of directors is required to approve this Proposal 4. If this Proposal 4 is approved, the Charter will be amended as follows: • Section D of Article SIXTH of the Charter would be amended so that directors may be removed with or without cause by a majority (instead of 66 2/3%) of the shares of the Company’s capital stock then entitled to vote generally at an election of directors, voting as a single class. This reflects the default standard for director removal set forth in Section 141(k) of the General Corporation Law of the State of Delaware (the “DGCL”). Sections A, B, D and E of Article SIXTH would also be amended to remove non-substantive and obsolete provisions related to our formerly classified board. The text of the amendments to Article SIXTH is below, with additions in bold and text to be deleted shown struck out: 63 TABLE OF CONTENTS A. Subject to the rights of the holders of any series of Preferred Stock to elect additional directors under specified circumstances, the number of directors shall be fixed from time to time exclusively by the board of directors pursuant to a resolution adopted by a majority of the Whole Board. Subject to the other provisions of this paragraph, the board of directors is and shall remain divided into three classes, with the directors in each class serving for a term expiring at the third annual meeting of stockholders held after their election. Subject to the rights of holders of Preferred Stock to elect additional directors under specified circumstances, the terms of the members of the board of directors shall be as follows: (i) at the annual meeting of stockholders to be held in 2012, the directors whose terms expire at that meeting or such directors’ successors shall be elected to hold