Company: RRGB
Filing Date: 2025-04-24
Form Type: 8-K
Source: 0000950142-25-001161
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Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-04-24
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of  

Executive Transition

On April 24,
2025, Red Robin Gourmet Burgers, Inc. (the “ Company”) announced the appointment of David A. Pace to the position of
President and Chief Executive Officer (“ President and CEO”) of the Company, effective April 24, 2025 (the
“ Effective Date”). Mr. Pace replaces G. J. Hart as the Company’s President and CEO, who will also depart from the
Board of Directors (the “ Board”) of the Company as of the Effective Date. Following the Effective Date, Mr. Hart will be
an employee senior advisor until September 24, 2025.

Mr. Pace has served
on the Board since August 2019 and will continue to serve on the Board. He was serving as the Board’s Chairman and a member of each
of the Compensation Committee and Nominating and Governance Committee, and in connection with his appointment, Mr. Pace has resigned from
these roles. Biographical information regarding Mr. Pace appears in the section titled “ Proposal 1. Directors” of the Company’s
preliminary proxy statement for the 2025 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on March 18,
2025, which section is incorporated herein by reference. Following Mr. Hart’s departure, the size of the Board will be reduced from
ten to nine directors.

Except as otherwise
disclosed in this current report, there are no arrangements or understandings between Mr. Pace, on the one hand, and any other person,
on the other hand, pursuant to which Mr. Pace was selected as an officer of the Company. Additionally, there are no family relationships
between Mr. Pace, on the one hand, and any director or officer of the Company, on the other hand, or any other related party transaction
of the Company involving Mr. Pace that would require disclosure under Item 404(a) of Regulation S-K.

Compensation Arrangements

In connection with
his appointment as President and CEO, Mr. Pace has entered into an offer letter (the “ CEO Offer Letter”) with the Company
pursuant to which Mr. Pace will serve as President and CEO from the Effective Date until the third anniversary of the Effective Date,
unless terminated earlier in accordance with the terms of the CEO Offer Letter (the “ Initial Term”). Mr