Business Context and Reporting Period
This Form 8-K filing by Noodles & Company (NDLS) was submitted on July 3, 2019, reporting an event that occurred on July 2, 2019. The filing addresses a change in the composition of the Company's Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding corporate governance and does not contain financial performance data.
Material Changes
The material change reported is the resignation of Mr. Thomas Lynch as a Class I director of the Company, effective immediately on July 2, 2019. Mr. Lynch had joined the board in 2017 pursuant to an investment by Mill Road Capital Management LLC. The Company stated that the resignation was not the result of any disagreement with the Company regarding its operations, policies, or practices.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on future performance, or specific risk factors beyond the standard disclosure of the director's departure.
Key Facts for Investor Verification
- Thomas Lynch resigned as a Class I director effective July 2, 2019.
- The resignation was not caused by any disagreement with the Company.
- Mr. Lynch was appointed to the board in 2017 following an investment by Mill Road Capital Management LLC.
- The filing contains no financial results or forward-looking guidance.