SEC Filing Summary: Red Robin Gourmet Burgers, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed by Red Robin Gourmet Burgers, Inc. on December 21, 2009. The filing addresses a material definitive agreement regarding the amendment of the Company's Employee Stock Purchase Plan.
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 a corporate governance amendment and does not contain financial performance data.
Material Changes
The Company amended its Employee Stock Purchase Plan to introduce an individual share limit. Under the new terms, participants may acquire no more than 750 shares in each offering period. This amendment was adopted to comply with final rules recently promulgated under Section 423 of the Internal Revenue Code of 1986.
Guidance, Outlook, and Risks
The filing does not contain management guidance, outlook, or discussion of general business risks. The primary contingency noted is the regulatory requirement to align the Plan with Section 423 of the Internal Revenue Code. The amendment is effective for all offering periods commencing on or after January 1, 2010.
Key Facts for Investor Verification
- The Employee Stock Purchase Plan now limits individual acquisitions to 750 shares per offering period.
- The amendment became effective for offering periods starting on or after January 1, 2010.
- The change was made to ensure compliance with Section 423 of the Internal Revenue Code.
- The full text of the Second Amendment is available as Exhibit 10.1 to this filing.