UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation) | File Number) | Identification No.) |
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area code (
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
Title of each Class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On May 24, 2022, the Compensation Committee of the Board authorized the grant of 4,200 performance based restricted stock units for Regina A. Tobin, the Company’s Chief Learning and Culture Officer, with respect to her 2022 fiscal year service. These performance based restricted stock units were calculated by dividing $300,000 by $71.18 (which was the closing sales price of the Company’s common stock on the Nasdaq Global Select Market on May 23, 2022), with such quotient being rounded up or down to the nearest 100 shares. Additionally, these performance based restricted stock units were granted on May 24, 2022 and will vest on January 8, 2023, subject to the achievement of defined goals established by the Compensation Committee of the Board. The performance targets are based upon earnings per share growth and pre-tax profits. Depending on the level of achievement of the goals, the number of performance based restricted stock units may be reduced to zero or increased to a maximum of two times the target amount shown above.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TEXAS ROADHOUSE, INC. | |||
Date: May 27, 2022 | By: | /s/ Tonya Robinson | |
Tonya Robinson | |||
Chief Financial Officer |
3
Cover |
May 24, 2022 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | May 24, 2022 |
Entity File Number | 000-50972 |
Entity Registrant Name | TEXAS ROADHOUSE, INC. |
Entity Central Index Key | 0001289460 |
Entity Tax Identification Number | 20-1083890 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 6040 Dutchmans Lane |
Entity Address, City or Town | Louisville |
Entity Address, State or Province | KY |
Entity Address, Postal Zip Code | 40205 |
City Area Code | 502 |
Local Phone Number | 426-9984 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.001 per share |
Trading Symbol | TXRH |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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