Bloomin' Brands Inc. filed SEC Form 8-K: Leadership Update, 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): December 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
Second Amended and Restated Severance Pay Plan for Salaried Employees Vice President and Above
On December 8, 2025, the Compensation Committee of the Board of Directors (the “Committee”) of Bloomin’ Brands, Inc. (the “Company”) approved the Bloomin’ Brands, Inc. Second Amended and Restated Severance Pay Plan for Salaried Employees Vice President and Above (the “Second A&R Plan”), effective as of December 8, 2025, for eligible salaried employees in roles of Vice President and above (each, a “Participant”). The Second A&R Plan amends and restates the previously Amended and Restated Severance Pay Plan first adopted and effective on October 21, 2024 to, among other changes, eliminate any severance pay for Participants terminated due to unsatisfactory performance or insufficient aptitude, and to add the provision of certain outplacement services for Participants who are otherwise eligible for severance under the Second A&R Plan.
This summary does not purport to be complete and is qualified in its entirety by reference to the complete text of the Second A&R Plan to be filed as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year ending December 28, 2025.
Equity Award Grants
On December 8, 2025, the Committee approved special retention grants for Michael Spanos, the Company’s Chief Executive Officer, and Kelly Lefferts, the Company’s Executive Vice President, Chief Legal Officer and Secretary. Mr. Spanos will receive restricted stock units having a grant date value of $2,000,000 and Ms. Lefferts will receive restricted stock units having a grant date value of $300,000, each of which vest ratably over three years on each anniversary of the grant date of January 5, 2026, subject to continued employment on the vesting date. The grant agreements for both Mr. Spanos and Ms. Lefferts also provide for continued vesting in accordance with the original vesting schedule in the event of termination by the Company without cause. Continued vesting is subject to ongoing compliance with a one-year noncompetition agreement and other restrictive covenants, violation of which trigger forfeiture and recovery of any shares already vested or scheduled to vest after the date of violation. The grants will be made under the Company’s previously filed form of Restricted Stock Unit Retention Award Agreement, with the additional terms described above.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number | Description | ||||||||||
| 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: | December 12, 2025 | By: | /s/ Kelly Lefferts | ||||||||
| Kelly Lefferts | |||||||||||
| Executive Vice President and Chief Legal Officer | |||||||||||