CAVA Group amends executive severance plan; shareholders elect two directors June 22
On June 22, 2026, CAVA's compensation committee amended and restated its Executive Severance Plan, limiting eligibility to Executive Leadership Team members and adding conditions such as a signed release, reduced severance pay, and a shorter post-change-in-control standstill period. At the same day's annual meeting, stockholders elected two Class III directors, approved executive pay on an advisory basis, and ratified Deloitte & Touche LLP as auditor for fiscal 2026.
Key points
- Brett Schulman received 85,651,941 votes for and 882,410 withheld; James D. White received 63,427,817 for and 23,106,534 withheld.
- Advisory say-on-pay vote: 75,849,587 for, 10,573,039 against, and 111,725 abstentions.
- Severance benefits now require a Release and Restrictive Covenants Agreement submitted within 15 business days of a Covered Termination.
- Base salary continuation is reduced dollar-for-dollar by compensation earned from any employer or contractor during the Severance Period; Deloitte ratification received 100,054,705 votes for and 378,617 against.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 24, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.