Potbelly Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events
$PBPB
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): May 15, 2025
(Exact Name of Registrant as Specified in its Charter)
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Registrant’s telephone number, including area code: (312) 951-0600
(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:
Securities registered pursuant to Section 12(b) of the Act:
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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 5.07 Submission of Matters to a Vote of Security Holders.
On May 15, 2025, Potbelly Corporation (the “Company”) held its 2025 Annual Meeting of Stockholders (the "2025 Annual Meeting"), at which the Company’s stockholders voted on the (i) election of eight director nominees (Proposal 1), (ii) ratification of the appointment of KPMG LLP ("KPMG") as the Company’s independent registered public accounting firm for the fiscal year ending December 28, 2025 (Proposal 2), (iii) approval, on an advisory basis, of the 2024 compensation of the Company’s named executive officers (Proposal 3) and (iv) approval of the amendment to the Potbelly Corporation Amended and Restated 2019 Long-Term Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder (Proposal 4). The results of the votes are set forth below.
Proposal 1
The Company’s stockholders voted in favor of the election of the following director nominees to the Board of Directors of the Company for a term of one year or until his or her successor is duly elected or appointed and qualified.
| Votes For | Votes Withheld | Broker Non-Votes | |||||||||
| Vann Avedisian | 23,088,516 | 490,949 | 4,145,262 | ||||||||
| Joseph Boehm | 21,339,991 | 2,239,474 | 4,145,262 | ||||||||
| Adrian Butler | 23,091,068 | 488,397 | 4,145,262 | ||||||||
| David Head | 22,634,086 | 945,379 | 4,145,262 | ||||||||
| David Near | 23,395,495 | 183,970 | 4,145,262 | ||||||||
| Dave Pearson | 23,090,983 | 488,482 | 4,145,262 | ||||||||
| Jill Sutton | 22,633,364 | 946,101 | 4,145,262 | ||||||||
| Robert D. Wright | 23,400,614 | 178,851 | 4,145,262 | ||||||||
Proposal 2
The Company’s stockholders approved the ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 28, 2025.
| Votes For | Votes Against | Abstentions | ||||||
| 27,676,774 | 29,205 | 18,748 | ||||||
Proposal 3
The Company’s stockholders approved, on an advisory basis, the 2024 compensation of the Company’s named executive officers.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||
| 22,875,812 | 632,513 | 71,140 | 4,145,262 | ||||||||
Proposal 4
The Company’s stockholders approved the amendment to the Potbelly Corporation Amended and Restated 2019 Long-Term Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||
| 18,217,972 | 5,295,682 | 65,811 | 4,145,262 | ||||||||
Item 8.01 Other Events.
Under Rule 14a-8 promulgated under the Securities and Exchange Act of 1934, stockholders of the Company may present proper proposals for inclusion in the Company’s proxy statement and for consideration at the next annual meeting of stockholders by submitting their proposals to the Company in a timely manner. In order to be included in the Company’s proxy materials for the 2026 Annual Meeting of Stockholders, a stockholder proposal must be received by the Company via email at [email protected] by the close of business on December 5, 2025 and otherwise comply with all requirements of the SEC for the proper submission of stockholder proposals. The proxy statement for the 2025 Annual meeting erroneously disclosed the date as December 3, 2025.
SIGNATURES
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.
POTBELLY CORPORATION
By: /s/ Steven W. Cirulis
Name: Steven W. Cirulis
Title: Senior Vice President, Chief Financial Officer and Chief Strategy Officer
Date: May 16, 2025