UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)(e) The Board of Directors (the “Board”) of Texas Roadhouse, Inc. (the “Company”) announced the resignation of S. Chris Jacobsen, the Company’s Chief Marketing Officer, effective as of August 3, 2023. In connection with Mr. Jacobsen’s resignation from the Company, on August 3, 2023, the Company and Mr. Jacobsen entered into a Separation Agreement and Release of Claims (the “Agreement”). Under the Agreement, the Company will pay to Mr. Jacobsen his salary and benefits (including, but not limited to, the payment of his incentive bonus relating to the Q2 2023 fiscal year period ending on June 27, 2023) through August 3, 2023; in addition, the Company will pay Mr. Jacobsen (i) a sum of $125,000 (less applicable withholdings) reflecting three (3) months of his base salary due and payable under his existing employment agreement and (ii) a one-time payment of $288,805 (less applicable withholdings). The Agreement also provides a general release of all claims by Mr. Jacobsen and affirms certain obligations under his 2021 employment agreement, including, without limitation, obligations pertaining to confidentiality, non-competition, non-disparagement, non-hire, and non-solicitation.
Item 9.01. Financial Statements and Exhibits
| (d) | Exhibits |
| 10.1 | Separation Agreement and Release of Claims dated August 3, 2023 by and between S. Chris Jacobsen and Texas Roadhouse Management Corp. |
| 104 | Cover Page Interactive File (the cover page XBRL tags are embedded in the Inline XBRL document) |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| TEXAS ROADHOUSE, INC. | ||
| Date: August 4, 2023 | By: | /s/ D. Christopher Monroe |
| D. Christopher Monroe | ||
| Chief Financial Officer | ||
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