First Watch Restaurant Group, Inc. Form 8-K Summary
Business Context and Reporting Period
First Watch Restaurant Group, Inc. filed a Current Report on Form 8-K dated May 24, 2022, reporting results of its Annual Meeting of Stockholders held on that date. The company operates under the ticker FWRG on Nasdaq and qualifies as an emerging growth company.
Meeting Results and Key Corporate Actions
- Stockholders elected both Class I director nominees, William Kussell and Lisa Price, to serve until the 2025 annual meeting or until their successors are elected and qualified.
- Stockholders ratified PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the fiscal year ending December 25, 2022.
| Proposal | For | Against | Withheld/Abstentions | Broker Non-Votes |
|---|---|---|---|---|
| William Kussell, Class I director | 51,340,279 | — | 4,821,445 withheld | 1,055,483 |
| Lisa Price, Class I director | 52,818,259 | — | 3,343,465 withheld | 1,055,483 |
| Ratification of PwC | 57,086,046 | 130,302 | 859 abstentions | — |
Financial Metrics and Material Changes
This filing does not provide revenue, profit, cash flow, margins, debt, liquidity, operating guidance, or other financial performance metrics. It does not report a material change in the company’s financial condition or results of operations.
Guidance, Outlook, Risks, and Unusual Items
The filing contains no management outlook, guidance, new risk disclosures, contingencies, or unusual financial items. The principal reported developments are the director elections and accounting-firm ratification.
Important Facts to Verify
- Confirm the elected directors’ continued service through the 2025 annual meeting, subject to earlier resignation or removal.
- Review the company’s definitive proxy statement filed April 11, 2022 for the full description of the meeting proposals.
- Verify PricewaterhouseCoopers LLP’s appointment for the fiscal year ending December 25, 2022.
- Consult the company’s periodic financial filings for financial performance, liquidity, leverage, guidance, and risk information not included in this Form 8-K.