El Pollo Loco Holdings, Inc. Adopts Limited-Duration Shareholder Rights Plan
Board Takes Action in Response to Biglari Capital's Rapid Stock Accumulation Board Committed to Protecting Long-Term Value for All Shareholders COSTA MESA, Calif., Aug. 09, 2023 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. ("El Pollo Loco" or the "Company") (NASDAQ:LOCO) today announced that its Board of Directors has unanimously adopted a limited-duration shareholder rights plan ("Rights Plan") to protect the best interests of all El Pollo Loco shareholders. The Rights Plan is effective immediately and will expire on August 7, 2024. The Board may consider an earlier termination of the Rights Plan if circumstances warrant. The limited-duration Rights Plan was adopted in response to
