Company: RRGB
Filing Date: 2025-03-18
Form Type: PRE 14A
Source: 0001104659-25-025001
Chunk: 20

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-03-18
Form: PRE 14A
Chunk 20
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, and retention. COMPENSATION SETTING The Compensation Committee approves target total direct compensation levels for named executive officers by establishing base salaries and setting annual and long-term incentive compensation targets. The Company makes pay decisions based on a variety of factors, including: • Company performance • Company strategy and alignment of incentives • Benchmarking data from our restaurant peer group for target total direct compensation (base salaries, STIs, and LTIs), based on disclosure in peer proxy statements and other applicable survey data 30

TABLE OF CONTENTS

• Individual performance, skill set, and areas of responsibility relative to the market data • Compensation relative to other executive officers in the Company • Advice from the Compensation Committee’s independent compensation consultant • The CEO’s recommendations with respect to the compensation of the executives who report directly to the CEO, including the other named executive officers • Management succession planning and retention • Results of the Company’s say-on-pay advisory votes in prior years CONSIDERATION OF PRIOR SAY-ON-PAY AND SAY-ON-FREQUENCY VOTES At our 2024 annual meeting of stockholders, over 86% of votes were cast to approve the advisory “say on pay” vote on the 2023 compensation of our named executive officers. For the five prior consecutive years, the Company has received over 90% support for the annual “say on pay” proposal. The Compensation Committee considered the results of the advisory vote when setting executive compensation for 2024 and will continue to do so in future executive compensation policies and decisions. We regularly engage with our stockholders and this engagement provides valuable insight that informs the work of both management and the Board, including in the areas of executive compensation. See “Proxy Summary— Stockholder Engagement” for more discussion about our engagement with our stockholders, including Company participants and topics covered. We hold our advisory “say on pay” vote annually. Stockholders vote once every six years, on an advisory basis, on the frequency of the say-on-pay vote, which can be every one year, two years or three years. At our 2023 annual meeting of stockholders, over 95% of votes cast were in favor of continuing an annual vote. Based on these results, and consistent with the Board’s recommendation, the Board has determined to hold an advisory vote on executive compensation every year until the next required advisory vote on frequency, which we expect to occur at our 2029 annual meeting. BENCHMARKING Restaurant Peer Group Our benchmarking group contains restaurant peer companies that were selected and approved by the Compensation