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AI brief of an SEC Form 8-K · Brinker International (EAT)

Brinker International approves $25 million in executive performance share awards

Neutral Impact 3 of 5 leadership Written later

Brinker's board approved performance share awards under a new Fiscal 2025 Executive Performance Share Retention Plan for three executives, with target values of $20 million for CEO Kevin Hochman, $3 million for Aaron White and $2 million for George Felix. At the November 6, 2024 annual meeting, shareholders re-elected all ten director nominees and approved the auditor ratification, the executive compensation proposal and a new 2024 Stock Option & Incentive Plan.

Key points

  • Target awards: Kevin Hochman (CEO and President) $20,000,000; Aaron White (Chief People Officer) $3,000,000; George Felix (Chief Marketing Officer) $2,000,000
  • Awards pay out from 0% to 200% of target based on five-year total shareholder return from September 26, 2024 through September 25, 2029, relative to the S&P 1500 Hotels, Restaurants and Leisure Index; target requires the 60th percentile
  • Executives must remain employed through September 25, 2029 to earn any performance shares
  • Shareholders approved KPMG LLP as Independent Auditors for Fiscal 2025 (39,660,145 for, 856,718 against) and the 2024 Stock Option & Incentive Plan (36,637,438 for, 779,256 against)

The filing

CompanyBrinker International (EAT)
Form8-K, current report
Filed with the SECNov 6, 2024, 5:23 PM ET
Accession number0000703351-24-000042

Items reported: 5.02 Director / Officer Change5.07 Shareholder Vote Results

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 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 November 06, 2024.

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.