El Pollo Loco Holdings, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by El Pollo Loco Holdings, Inc. on December 8, 2021. The report details corporate governance changes, specifically the expansion of the Board of Directors and the election of two new independent directors.
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 personnel and governance matters rather than financial performance.
Material Changes
- Board Expansion: The size of the Board of Directors increased from nine (9) to eleven (11) members.
- New Director Appointments:
- Deborah Gonzalez: Elected as a Class I independent director, effective December 9, 2021. Her initial term expires at the 2024 Annual Meeting. She brings nearly 30 years of marketing experience, most recently as Senior Vice President, Global Marketing & Communications for Concentrix Corporation.
- Nancy Faginas-Cody: Elected as a Class II independent director, effective December 9, 2021. Her initial term expires at the 2022 Annual Meeting. She brings nearly 43 years of IT experience, having recently retired from The Walt Disney Company as Senior Vice President, Information Technology Enterprise Business Systems.
- Compensation: Both new directors will receive compensation consistent with other non-employee directors of the Company.
Outlook, Risks, and Management Commentary
The Nominating and Corporate Governance Committee intends to recommend committee assignments for Ms. Gonzalez and Ms. Faginas-Cody at a future Board meeting. No specific financial guidance, risks, or contingencies were disclosed in this filing.
Key Facts for Investor Verification
- Verify the effective date of the new directors' terms (December 9, 2021).
- Confirm the expiration dates of the initial terms (2024 for Ms. Gonzalez; 2022 for Ms. Faginas-Cody).
- Review future filings for the specific committee assignments for the new directors.
- Note that this filing contains no financial data; refer to the most recent 10-Q or 10-K for financial metrics.