Business Context and Reporting Period
This Form 8-K is a current report filed by Noodles & Company on September 26, 2019. The filing addresses a specific corporate governance event regarding the departure of a senior executive.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the departure of Chas Hermann, the Company's Chief Brand Officer. An agreement was reached on September 26, 2019, for Mr. Hermann to separate from the Company effective January 31, 2020.
Outlook and Management Commentary
- Mr. Hermann will remain involved with the Company during the transition period leading up to his departure.
- The Company has commenced a search for a new Chief Brand Officer.
- No financial guidance, risk factors, or contingencies are disclosed in this specific filing.
Key Facts for Investor Verification
- Effective date of Chas Hermann's departure: January 31, 2020.
- Current status: Transition period is active; search for a replacement has begun.
- Role affected: Chief Brand Officer.