Business Context and Reporting Period
This Form 8-K Current Report was filed by Red Robin Gourmet Burgers, Inc. on April 29, 2026. The filing primarily addresses significant changes in executive leadership within the finance department, specifically the appointment of a new Chief Financial Officer (CFO) and the conclusion of the interim CFO's tenure.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on personnel changes and executive compensation arrangements.
Material Changes
- Departure of Interim CFO: Christopher Meyer's service as Interim Chief Financial Officer and Principal Accounting Officer will conclude on May 31, 2026, coinciding with the expiration of his independent contractor agreement.
- Appointment of New CFO: The Company appointed Mark Graff as Chief Financial Officer, effective May 4, 2026. He will assume the roles of Principal Financial Officer and Principal Accounting Officer on May 31, 2026.
- Executive Background: Mr. Graff previously served as President of Bonefish Grill and Fine Dining at Bloomin' Brands, Inc., leading a $900 million business across 220+ restaurants.
Compensation, Outlook, and Risks
Compensation Arrangements
Mr. Graff's employment agreement, dated April 29, 2026, includes the following terms:
- Base Salary: $500,000 annually.
- Annual Bonus: Target of 75% of base salary (prorated for fiscal year 2026).
- Equity Inducement: Target value equal to 120% of base salary for fiscal year 2026.
- Severance: Eligible for the Executive Severance Plan with a 1.0 multiplier for both Change in Control and Non-Change in Control qualifying terminations, including a 12-month benefits continuation period.
Risks and Covenants
Mr. Graff is subject to restrictive covenants including non-competition, non-solicitation of employees, and non-interference with suppliers for 12 months following termination of employment.
Investor Verification Checklist
- Verify the effective dates of the leadership transition (May 4, 2026 for title; May 31, 2026 for principal officer roles).
- Review the full text of the Employment Agreement (Exhibit 10.1) for detailed terms regarding equity vesting and severance triggers.
- Confirm the impact of the leadership change on the Company's ongoing financial reporting and strategic initiatives.
- Note that no financial performance data is provided in this specific filing; refer to the most recent 10-Q or 10-K for financial metrics.