Item 3. Legal Proceedings
ITEM 3.
LEGAL PROCEEDINGS
The Company and its subsidiaries are party to various legal and regulatory proceedings and claims incidental to their business in the ordinary course. In the opinion of management, based upon
information currently available, the ultimate liability with respect to these proceedings and claims will not materially affect the Company's consolidated results of operations or financial position.
Pursuant to Instruction to Item 401 of Regulation S‑K and General Instruction G(3) to Form 10‑K, the following information is included in Part I of this Form 10‑K.
ITEM 4.
MINE SAFETY DISCLOSURES
Not applicable.
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Information about Our Executive Officers
The following table sets forth certain information concerning our executive officers:
Name
Age
Position with the Company
Sandra B. Cochran*
65
President and Chief Executive Officer
Julie F. Masino*
52
Chief Executive Officer - Elect
Craig A. Pommells
48
Senior Vice President and Chief Financial Officer and Principal Accounting Officer
J. Mark Spurgin
55
Senior Vice President, Chief Restaurant Supply Chain Officer
Laura A. Daily
59
Senior Vice President, Retail
Cammie Spillyards-Schaefer
46
Senior Vice President, Operations
Richard M. Wolfson
57
Senior Vice President, General Counsel and Secretary
Bruce A. Hoffmeister
62
Senior Vice President, Chief Information Officer
Donna L. Roberts
48
Senior Vice President and Chief Human Resources Officer
*As previously announced, Ms. Cochran will step down as President and Chief Executive Officer effective November 1, 2023 and will continue her service on the Company’s Board of Directors as
Executive Chair through her retirement from the Company as of September 30, 2024 (or such earlier date that the Board of Directors of the Company may determine upon 30 days’ prior written notice to Ms. Cochran). Ms. Masino will assume the role of
President and Chief Executive Officer effective as of November 1, 2023.
The following information summarizes the business experience of each of our executive officers for at least the past five years:
Ms. Cochran has been employed with us since 2009 and assumed her current position as President and Chief Executive Officer in September 2011, when she also became a member of our Board of Directors.
Prior to September 2011, Ms. Cochran served as our President and Chief Operating Officer since November 2010 and as our Executive Vice President and Chief Financial Officer from April 2009 to November 2010. Before joining us in April 2009, she was
the Chief Executive Officer of Books-A-Million, Inc. Ms. Cochran has 29 years of experience in the retail industry and fourteen years of experience in the restaurant industry.
Ms. Masino joined us in August 2023 as Chief Executive Officer – Elect. Prior to joining us, she served as President, International of Taco Bell, a subsidiary of Yum! Brands from January 2020 to
June 2023. From January 2018 to December 2019, she served as President, North America of Taco Bell. Ms. Masino served as the President, SVP and GM Fisher-Price at Mattel, Inc. from April 2017 to January 2018. Prior to her service at Mattel, she
served as the President and then the Chief Executive Officer of Sprinkles Cupcakes from 2014 to 2017. From 2002 to 2014, Ms. Masino served in various leadership roles at Starbucks Corporation. Ms. Masino has over 20 years of experience in the
restaurant industry.
Mr. Pommells has been employed with us since December 2021 in his current capacity. From October 2020 to December 2021, he served as Executive Vice President and Chief Financial Officer of Red
Lobster Seafood Company. Prior to serving as Chief Financial Officer of Red Lobster Seafood Company, he served as Senior Vice President, Finance and Strategy from January 2015 to October 2020. Prior to Red Lobster, he spent more than ten years with
Darden Restaurants in various finance and business analytics roles. Mr. Pommells has more than 20 years of experience in the restaurant industry.
Mr. Spurgin joined us in January 2023 as Senior Vice President, Chief Restaurant Supply Chain Officer. Prior to January 2023, he served as the Chief Supply Chain Officer for Restaurant Growth
Services. Prior to that, he was with The Cheesecake Factory and Bloomin’ Brands, where he led global procurement, logistics and international supply chain teams. He has over 30 years of supply chain experience.
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Ms. Daily has been employed with us as Senior Vice President, Retail since May 2012. Prior to May 2012, she served as Vice President for Ballard Designs, an internet and catalog home furnishings
retailer that is part of HSN, Inc., where she was in charge of all merchandising and trends for the company. She has over 29 years of experience as a merchant with a number of retail organizations.
Ms. Spillyards-Schaefer has been employed with us since 2017 and assumed her current position in January 2022. From 2017 to 2021, she served in various capacities in both operations and home office
functions including Regional Vice President of Restaurant Operations and Vice President of Culinary. Ms. Spillyards-Schaefer has over 20 years of experience in the restaurant industry.
Mr. Wolfson has been employed with us in his current capacity since July 2017. From January 2006 to April 2017, he served as Vice President, General Counsel and Corporate Secretary at CLARCOR Inc.,
an industrial company. From 2001 to 2006, he was a partner of the InterAmerican Group, an advisory services and private equity firm. Mr. Wolfson has over 30 years of legal experience.
Mr. Hoffmeister joined us in January 2021 as Senior Vice President and Chief Information Officer. Prior to joining us, he worked at Marriott International for over 30 years where he served in a
number of finance and technology executive positions, including Senior Vice President of Lodging Finance, Senior Vice President of Global Revenue Management and his most recent role as Global Chief Information Officer.
Ms. Roberts has been employed with us since 2012 and assumed her current position in May 2020. Prior to her current role, she held other positions in the human resources and legal departments
including Vice President of Human Resources and Vice President and Deputy General Counsel. Before joining us, she practiced law for ten years, most recently as a partner focused on commercial litigation and employment law.
PART II