Bloomin' Brands Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

$BLMN
Restaurants
Consumer Discretionary
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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

blmnlogov3.jpg

BLOOMIN’ BRANDS, INC.
(Exact name of registrant as specified in its charter)

Delaware001-3562520-8023465
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer
Identification No.)

2202 North West Shore Boulevard, Suite 500, Tampa, FL 33607
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code  (813) 282-1225

 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:

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock
$0.01 par value

BLMN
The Nasdaq Stock Market LLC
(Nasdaq Global Select Market)

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 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

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
104Cover 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, 2025By:/s/ Kelly Lefferts
 Kelly Lefferts
 Executive Vice President and Chief Legal Officer


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