Bloomin' Brands Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
$BLMN
Restaurants
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) January 8, 2025
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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
On January 8, 2025, the Board of Directors (the “Board”) of Bloomin’ Brands, Inc. (the “Company”), appointed Patrick Hafner to serve as EVP, President, Outback Steakhouse, effective January 20, 2025.
Mr. Hafner, 50, has served as the President of Carrabba’s Italian Grill since May 2022, and Vice President of Operations, Carrabba’s Italian Grill from March 2018 to May 2022. Prior to this, he spent 21 years in various roles with Outback Steakhouse, including as Manager, Managing Partner, JVP, and Regional Vice President.
In connection with his appointment, Mr. Hafner’s annual base salary will be increased to $500,000, his annual target bonus will be 85% of base salary (prorated effective January 20, 2025), and he will receive a one-time restricted stock unit award under the 2020 Omnibus Incentive Compensation Plan (the “Plan”) having a grant date value of $250,000 on February 1, 2025, vesting ratably over three years. Beginning in 2025, the target value of his annual equity award under the Plan will be $500,000.
There are no family relationships between Mr. Hafner and any director or other executive officer of the Company, nor are there any transactions between Mr. Hafner or any member of his immediate family and the Company or any of its subsidiaries that would be reportable as a related party transaction under the rules of the United States Securities and Exchange Commission.
Item 7.01 Regulation FD Disclosure
On January 8, 2025, the Company issued a press release announcing the appointment of Mr. Hafner as EVP, President, Outback Steakhouse. A copy of the press release is filed with this Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number | Description | ||||||||||
| 99.1 | |||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||||||||
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.
| BLOOMIN’ BRANDS, INC. | |||||||||||
| (Registrant) | |||||||||||
| Date: | January 8, 2025 | By: | /s/ Kelly Lefferts | ||||||||
| Kelly Lefferts | |||||||||||
| Executive Vice President and Chief Legal Officer | |||||||||||