Company: RRGB
Filing Date: 2025-03-18
Form Type: PRE 14A
Source: 0001104659-25-025001
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Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-03-18
Form: PRE 14A
Chunk 3
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CORPORATE GOVERNANCE HIGHLIGHTS ✓ Declassified Board ✓ Independent chair of the Board ✓ Board currently composed of 90% independent directors ✓ All directors and director nominees are independent other than our CEO ✓ All committee members are independent ✓ Majority voting standard for uncontested director elections ✓ Plurality voting standard for contested director elections ✓ Board members have diverse backgrounds, expertise, and skills ✓ Robust Board, committee, and director evaluation process completed annually instead of age or term limits ✓ The Board and each committee regularly meet in executive session without members of management ✓ Frequent engagement with institutional investors ✓ Annual review of our succession plan and talent development plan ✓ Directors receive regular governance updates to stay well-informed and evaluate governance trends ✓ Directors receive regular continuing education opportunities ✓ Limits on outside board service for Board members ✓ Robust clawback policy in place ✓ In 2024, publication of our third sustainability report CORPORATE GOVERNANCE PROTECTING STOCKHOLDER INTERESTS AND RIGHTS ✓ Ability for stockholders to call special meeting ✓ Bylaws provide a proxy access right for stockholders (adopted in 2023) ✓ Input from stockholder outreach incorporated in decision-making process ✓ Pay for performance focused executive compensation structure aligned with stockholders ✓ Prohibition of hedging and pledging of our common stock ✓ In this proxy statement, a proposal to amend the Company’s charter to remove supermajority vote provisions STOCKHOLDER ENGAGEMENT We believe that strong corporate governance includes engaging with our stockholders and considering their views. During the 2024 proxy season, we reached out to stockholders representing more than 50% of our common stock, and our management team held meetings and discussions with a significant portion of our large institutional holders. We continued our practice of year-round engagement, and in the fourth quarter held substantive discussions with two stockholders that now collectively own approximately 20% of our shares

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following a Cooperation Agreement and associated Equity Purchase Agreement, as described further below. We greatly value the feedback received from our stockholders. This engagement provides valuable insight that informs the work of both management and the Board.

| ​ | Types of Engagement                                                                                          | ​ | ​ | ​ | Topics Covered                                                                                                                                | ​ |
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 Calls and meetings with stockholders (portfolio managers and corporate governance/stewardship professionals) 
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 Investor conferences