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) August 4, 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 August 4, 2025, the Board of Directors (the “Board”) of Bloomin’ Brands, Inc. (the “Company”), issued a press release (the “Organizational Press Release”) announcing updates to its leadership structure and team. The Organizational Press Release outlines certain changes to management roles and responsibilities under the leadership of the Company’s Chief Executive Officer, Michael Spanos. A copy of the Organizational Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Under the leadership structure, Eric Christel is appointed as Executive Vice President and Chief Financial Officer-Elect (“CFO-Elect”), effective August 4, 2025. Mr. Christel will assume the role of Executive Vice President and Chief Financial Officer (“CFO”) of the Company following a brief transition period, expected to conclude on or about September 8 (the “Effective CFO Date”). In the interim period, Mr. Christel will work closely with W. Michael Healy, the Company’s current Executive Vice President and CFO, to ensure a smooth and effective transition of responsibilities.
Mr. Christel joins the Company from The Campbell’s Company, where he served as the Senior Vice President and Chief Financial Officer, Snacks Division since January 2022. From January 2020 until January 2022, Mr. Christel was the Senior Vice President and Chief Financial Officer, Americas Region, of DENTSU, a global marketing services holding company at which he led the finance team across US, Canada, and Latin America, and from October 2007 through January 2020, he held several financial management roles with PEPSICO. He brings nearly 18 years of financial leadership experience across the food and beverage industry.
In connection with his appointment, the Company executed a letter agreement with Mr. Christel, providing for a base salary of $600,000, annual short-term incentive plan bonus opportunity of 85% of his base salary (pro-rated for 2025), an initial equity award with a grant date value of $415,000 in the form of restricted stock units and a cash relocation allowance of $250,000. A copy of the Offer Letter with Mr. Christel will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending June 29, 2025.
There are no family relationships between Mr. Christel and any director or executive officer of the Company, and there are no related party transactions involving Mr. Christel that are reportable under Item 404(a) of Regulation S-K.
The Company also announced that Mr. Healy will be transitioning to the newly created role of Executive Vice President, Strategy & Transformation, effective as of the Effective CFO Date.
Mr. Healy will continue to serve as CFO during a transition period and facilitate the handover of responsibilities to the Company’s new CFO as needed thereafter.
In the new role as EVP, Strategy & Transformation, Mr. Healy will be responsible for leading the Company’s strategic planning, business transformation initiatives, and long-term value creation efforts. Mr. Healy will continue to report directly to Michael Spanos.
Mark Graff, Executive Vice President and President of Bonefish Grill, will be departing the Company, effective November 1, 2025.
In connection with his departure, Mr. Graff will be entitled to severance benefits consistent with the terms of the Company’s previously disclosed severance policy applicable to executive officers and his equity award agreements. The material terms were described in the Company’s most recent proxy statement, filed with the Securities and Exchange Commission on March 4, 2025.
Mr. Graff’s departure is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.
Item 7.01 Regulation FD Disclosure
On August 4, 2025 , the Company issued a press release announcing a series of senior leadership changes. A copy of the press release is furnished 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: | August 4, 2025 | By: | /s/ Kelly Lefferts | ||||||||
| Kelly Lefferts | |||||||||||
| Executive Vice President and Chief Legal Officer | |||||||||||