UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
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.
(d) Appointment of New Director
On August 1, 2019, the Board of Directors of Dine Brands Global, Inc. (the “Corporation”), acting pursuant to the authority granted to it by the Corporation’s Amended and Restated Bylaws, increased the size of the Board of Directors from nine to ten directors. Also on August 1, 2019, the Board of Directors appointed Susan M. Collyns as a director of the Corporation, effective as of August 1, 2019. Ms. Collyns is an independent director who will serve as a Class II director with a term expiring at the Corporation’s 2020 annual meeting of stockholders. Ms. Collyns was also appointed to the Audit and Finance Committee of the Board of Directors.
Ms. Collyns has served as the President and Chief Financial Officer of Beachbody, LLC, a health, fitness and nutrition company, since August 2014. Previously, Ms. Collyns served as the Chief Financial Officer of Dun and Bradstreet Credibility Corp., a financial data subscription business, from July 2012 to August 2014. From 2001 to 2011, Ms. Collyns served as Chief Financial Officer and Chief Operating Officer of California Pizza Kitchen, Inc. Ms. Collyns has served on the board of directors of Waitr Holdings Inc. since May 2019 and is a member of its compensation committee and the chair of its audit committee. Ms. Collyns previously served on the board of directors and audit committee of Potbelly, Inc. from May 2018 to May 2019. Ms. Collyns also served on the board of directors of Zoe’s Kitchen, Inc. from February 2014 to November 2018, where she served as the chair of the audit committee and was a member of the nominating and governance committee.
Ms. Collyns will participate in the Corporation’s standard non-employee director compensation arrangements under which she will receive an annual board retainer of $70,000, additional annual committee retainers for serving on committees of the Board of Directors and an annual equity award targeted at $105,000 in value. In connection with her appointment to the Board of Directors, Ms. Collyns will also receive an initial equity award targeted at $105,000 that will cliff vest in full one year from the date of grant and settle in shares of common stock.
There are no transactions between Ms. Collyns (or any member of her immediate family) and the Corporation (or any of its subsidiaries), and there is no arrangement or understanding between Ms. Collyns and any other persons or entities pursuant to which Ms. Collyns was appointed as a director of the Corporation.
The Corporation issued a press release announcing the appointment of Ms. Collyns to the Board of Directors. The full text of the press release is attached hereto as Exhibit 99.1 and incorporated herein by this reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit |
Description | |
99.1 |
Press Release announcing appointment of new director dated August 1, 2019 |
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SIGNATURES
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 thereunto duly authorized.
Date: August 1, 2019 |
DINE BRANDS GLOBAL, INC. | |||||
By: |
/s/ Bryan R. Adel | |||||
Bryan R. Adel | ||||||
Senior Vice President, Legal, General Counsel and Secretary |
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Exhibit 99.1
News Release
Investor Contact
Ken Diptee
Executive Director, Investor Relations
Dine Brands Global, Inc.
818-637-3632
Media Contact
Thien Ho
Executive Director, Communications
Dine Brands Global, Inc.
818-549-4238
Dine Brands Global, Inc. Appoints Susan M. Collyns to Board of Directors
GLENDALE, Calif., August 1, 2019 Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebees Neighborhood Grill + Bar® and IHOP® restaurants, today announced the appointment of Susan M. Collyns to the Corporations Board of Directors, effective immediately. In connection with the appointment of Ms. Collyns, the Board of Directors also approved an increase in the size of the Board of Directors from nine to ten directors. Ms. Collyns is an independent director who will serve as a Class II director with a term expiring at the Corporations 2020 Annual Meeting of Stockholders.
We are very excited to welcome Sue to our Board of Directors, said Chairman of the Board of Directors, Richard J. Dahl. Sue is a seasoned business leader with deep and pertinent restaurant and food service industry insight and expertise in accounting, finance and operations. She possesses the skills and qualifications we have identified as focal points for our Board of Directors, and I am confident she will be an invaluable asset to the Board of Directors and the Corporation as we execute on our strategic objectives.
Ms. Collyns has served as the President and Chief Financial Officer of Beachbody, LLC, a health, fitness and nutrition company, since August 2014. Previously, Ms. Collyns served as the Chief Financial Officer of Dun and Bradstreet Credibility Corp., a financial data subscription business, from July 2012 to August 2014. From 2001 to 2011, Ms. Collyns served as Chief Financial Officer and Chief Operating Officer of California Pizza Kitchen, Inc. Ms. Collyns has served on the board of directors of Waitr Holdings Inc. since May 2019 and is a member of its compensation committee and the chair of its audit committee. Ms. Collyns previously served on the board of directors and audit committee of Potbelly, Inc. from May 2018 to May 2019. Ms. Collyns also served on the board of directors of Zoes Kitchen, Inc. from February 2014 to November 2018, where she served as the chair of the audit committee and was a member of the nominating and governance committee.
About Dine Brands, Inc.
Based in Glendale, California, Dine Brands Global, Inc. (NYSE: DIN), through its subsidiaries, franchises restaurants under both the Applebees Neighborhood Grill & Bar and IHOP brands. With approximately 3,700 restaurants combined in 18 countries and approximately 370 franchisees, Dine Brands is one of the largest full-service restaurant companies in the world. For more information on Dine Brands, visit the Companys website located at www.dinebrands.com.
Document and Entity Information |
Aug. 01, 2019 |
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Cover [Abstract] | |
Amendment Flag | false |
Entity Central Index Key | 0000049754 |
Document Type | 8-K |
Document Period End Date | Aug. 01, 2019 |
Entity Registrant Name | Dine Brands Global, Inc. |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-15283 |
Entity Tax Identification Number | 95-3038279 |
Entity Address, Address Line One | 450 North Brand Boulevard |
Entity Address, City or Town | Glendale |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 91203-2306 |
City Area Code | (818) |
Local Phone Number | 240-6055 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, $.01 Par Value |
Trading Symbol | DIN |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
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