Business Context and Reporting Period
Company: Red Robin Gourmet Burgers, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: November 19, 2012
Event: Reauthorization of share repurchase program.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a corporate action regarding equity.
Material Changes
The Board of Directors reauthorized the Company's share repurchase program, which was set to expire on December 31, 2012. The new authorization allows for the repurchase of up to $50 million in common stock.
Guidance, Outlook, and Management Commentary
- Program Terms: The new authorization is effective on the earlier of January 1, 2013, or upon completion of the current authorization.
- Termination: The program will terminate upon the completion of $50 million in repurchases unless otherwise terminated by the Board.
- Reference: Details are incorporated by reference from the press release attached as Exhibit 99.1.
Investor Verification Checklist
- Verify the exact start date of the new $50 million authorization (January 1, 2013, or earlier upon completion of the prior program).
- Review the attached press release (Exhibit 99.1) for any additional constraints or timing details on repurchases.
- Monitor subsequent filings for actual repurchase activity and remaining authorization balance.