First Watch Restaurant Group, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed on February 20, 2026, by First Watch Restaurant Group, Inc. (FWRG), a Delaware corporation. The filing primarily serves to announce the Company's financial results for the fourth fiscal quarter and full fiscal year ended December 28, 2025, and to disclose a significant change in executive leadership.
Key Financial Metrics
The filing references a press release (Exhibit 99.1) containing the financial results for the period ended December 28, 2025. However, the text of this Form 8-K does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Investors must refer to the attached press release for detailed financial data.
Material Changes and Executive Departure
A material event reported in this filing is the departure of Mel Hope, the Company's Chief Financial Officer and Treasurer. Mr. Hope announced his intent to retire after nearly eight years of service. The Company is currently conducting a search for his successor, considering both internal and external candidates. Mr. Hope is expected to remain in his role until a successor is appointed and will serve as an advisor during the transition period.
Guidance, Outlook, and Disclosures
The Company has posted a supplemental information presentation on its investor website (Exhibit 99.3) regarding the fourth fiscal quarter and fiscal year results. The filing explicitly states that the information contained in this report and its exhibits is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated by reference into any other filings under the Securities Act or Exchange Act.
Key Facts for Investor Verification
- Verify the specific financial results (revenue, net income, EBITDA) in the attached press release (Exhibit 99.1) as they are not detailed in the 8-K text.
- Monitor the timeline for the appointment of a new Chief Financial Officer to replace Mel Hope.
- Review the supplemental information presentation (Exhibit 99.3) for management's commentary on the fiscal year performance.
- Note that the financial data in this filing is not incorporated by reference into future SEC filings.