Every material Form 8-K Texas Roadhouse filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On December 27, 2024, Texas Roadhouse entered into new employment agreements with six senior officers, including CEO Jerry Morgan, effective January 8, 2025, with initial terms ending January 7, 2028. The filing sets 2025 base salaries, target bonuses tied to EPS growth and pre-tax profits, and large equity grants, including performance-based awards with EPS growth targets through 2027.
CEO Jerry Morgan's 2025 base salary is $1,400,000, with a target bonus of $1,400,000 and a maximum of $2,800,000.
Morgan's 2025 restricted stock units are valued at $2,100,000, and his performance-based restricted stock units have a target value of $6,300,000.
Performance-based awards use EPS growth targets of 10% (2025), 21% (two-year) and 33% (three-year) versus fiscal 2024.
Agreements supersede prior contracts, and severance pay is tied to termination events, with enhanced terms after a change in control.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Texas Roadhouse filing is on SEC EDGAR ↗. 8-K briefs of other companies →