Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Noodles & Company on May 16, 2018. The record date for the meeting was March 19, 2018, with 41,127,797 shares of common stock outstanding entitled to vote.
Key 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 corporate governance and voting results.
Material Changes
No material financial changes are reported in this filing. The document details the outcome of shareholder votes regarding board composition and auditor ratification.
Guidance, Outlook, and Management Commentary
The filing contains no guidance, outlook, or management commentary regarding future financial performance. It confirms the ratification of Ernst & Young LLP as the independent registered public accounting firm for the year ending January 1, 2019.
Important Facts for Investors
- Director Elections: Shareholders elected four Class II directors (François Dufresne, Jeffrey Jones, Drew Madsen, and Andrew Taub) to serve three-year terms.
- Voting Results: All four director nominees received significant majority support, with Drew Madsen receiving the highest number of votes for (33,510,908) and Jeffrey Jones receiving the lowest (32,561,426).
- Auditor Ratification: The appointment of Ernst & Young LLP was ratified with 39,200,587 votes for, 64,080 votes against, and 83,937 abstentions.
- Share Structure: As of the record date, the company had 39,605,699 shares of Class A common stock and 1,522,098 shares of Class B common stock. Class B shares do not vote on the election or removal of directors.