4 unchanged sentences
Because of their inherent limitations, we cannot guarantee that our disclosure controls and procedures will succeed in achieving their stated objectives in all cases, that they will be complied with in all cases, or that they will prevent or detect all misstatements.
−Removed: Our management has evaluated, with the participation of our Chief Executive Officer and Chief Financial Officer, the effectiveness of our disclosure controls and procedures, as of the end of the period covered by this report.
+Added: Our management has evaluated, with the participation of our Chief Executive Officer and Chief Financial Officer, the effectiveness of our disclosure controls and procedures, as of the end of the period covered by this Annual Report.
Based on this evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures were effective at the reasonable assurance level as of December 25, 2024.
12 unchanged sentences
Changes in Internal Control over Financial Reporting
−Removed: No changes in our internal control over financial reporting occurred during the quarter ended December 27, 2023 have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: No changes in our internal control over financial reporting occurred during the quarter ended December 25, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Report of Independent Registered Public Accounting Firm
27 unchanged sentences
OTHER INFORMATION
+Added: On November 21, 2024 , Mr.
+Added: Mark Buller , a member of our Board of Directors , entered into a Rule 10b5-1 trading agreement.
+Added: The 10b5-1 Plan provides for the sale of up to 12,271 shares of the Company’s common stock, subject to certain conditions.
+Added: This trading plan was adopted during an open trading window and has an expiration date of December 31, 2025 .
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
13 unchanged sentences
Incorporated by reference from our definitive proxy statement to be filed not later than 120 days after the end of our 2024 fiscal year.
−Removed: EXHIBIT AND FINANCIAL STATEMENT SCHEDULES
−Removed: The following documents are filed as a part of this report:
+Added: EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
+Added: The following documents are filed as a part of this Annual Report:
(1) Financial Statements:
−Removed: Consolidated financial statements filed as part of this report are listed under Item 8.
+Added: Consolidated financial statements filed as part of this Annual Report are listed under Item 8.
Financial Statements and Supplementary Data.
10 unchanged sentences
and Equiniti Trust Company, LLC, as rights agent
−Removed: Income Tax Receivable Agreement, dated July 30, 2014, between El Pollo Loco Holdings, Inc., and Trimaran Pollo Partners, L.L.C.
−Removed: Franchise Development Agreement (Exclusive), dated August 20, 2014, between El Pollo Loco, Inc., as franchisor, and Anil Yadav and Atour Eyvazian, collectively, as developer
−Removed: Consent to and Assignment of Development Rights (Initial Change of Entity), dated August 20, 2014, between El Pollo Loco, Inc., as franchisor, and (i) Anil Yadav and Atour Eyvazian, collectively, as
−Removed: assignor, and (ii) AA Pollo, Inc., as assignee
−Removed: Franchise Development Option Agreement, dated July 11, 2014, between El Pollo Loco, Inc., and Trimaran Pollo Partners, L.L.C.
−Removed: Stockholders Agreement, dated as of November 18, 2005, by and among El Pollo Loco Holdings, Inc.
−Removed: (formerly Chicken Acquisition Corp.) and the stockholders listed therein
Amendment No.
−Removed: 1 to Stockholders Agreement, dated as of April 20, 2006, by and between El Pollo Loco Holdings, Inc.
−Removed: (formerly Chicken Acquisition Corp.) and Trimaran Pollo Partners, L.L.C.
−Removed: Amendment No.
−Removed: 2 to Stockholders Agreement, dated as of December 26, 2007, by and between El Pollo Loco Holdings, Inc.
−Removed: (formerly Chicken Acquisition Corp.) and Trimaran Pollo Partners, L.L.C.
−Removed: Second Amended and Restated Limited Liability Company Operating Agreement of Trimaran Pollo Partners, L.L.C., dated as of March 8, 2006
−Removed: Amendment No.
−Removed: 1 to Second Amended and Restated Limited Liability Company Operating Agreement of Trimaran Pollo Partners, L.L.C., dated as of December 26, 2007
−Removed: Amendment No.
−Removed: 2 to Second Amended and Restated Limited Liability Company Operating Agreement of Trimaran Pollo Partners, L.L.C., dated as of January 30, 2008
−Removed: Amendment No.
−Removed: 3 to Second Amended and Restated Limited Liability Company Operating Agreement of Trimaran Pollo Partners, L.L.C., dated as of July 14, 2011
+Added: 1 to Rights Agreement, dated as of August 4, 2024, between El Pollo Loco Holdings, Inc.
+Added: and Equiniti Trust Company, LLC, as rights agent
Form of Franchise Agreement
6 unchanged sentences
Form of Franchise Development Agreement (2022)
+Added: Form of Franchise Agreement (2023)
+Added: Form of Franchise Development Agreement (2023)
Credit Agreement, dated as of July 27, 2022, among El Pollo Loco, Inc., as borrower, El Pollo Loco Holdings, Inc., as guarantor, the other guarantors party thereto, the lenders party thereto and Bank of America, as administrative agent, swingline lender and letter of credit issuer
−Removed: Supplemental Agreement, dated as of August 31, 2022, by and among El Pollo Loco Holdings, Inc., FS Equity Partners V, L.P., and FS Affiliates V, L.P.
Form of Indemnification Agreement between El Pollo Loco Holdings, Inc.
11 unchanged sentences
El Pollo Loco Holdings, Inc.
−Removed: Equity Incentive Plan
+Added: Equity Incentive Plan, as amended
Form of Stock Option Awards Agreement under 2021 Equity Incentive Plan
2 unchanged sentences
Form of Restricted Stock Agreement under 2023 Equity Incentive Plan (Non-Employee Directors)
−Removed: Employment Agreement, dated March 9, 2022, between El Pollo Loco, Inc.
−Removed: and Laurance Roberts
−Removed: Release and Consulting Agreement, dated November 1, 2023, between El Pollo Loco Holdings, Inc.
−Removed: and Laurance Roberts
+Added: Form of Performance Stock Agreement under 2024 Equity Incentive Plan
+Added: Form of Post-Termination Benefits Agreements for Executives
Employment Agreement, dated June 28, 2022, between El Pollo Loco Holdings, Inc.
Employment Agreement, dated November 1, 2023, between El Pollo Loco Holdings, Inc and Maria Hollandsworth
+Added: Employment Agreement, dated February 8, 2024, between El Pollo Loco Holdings, Inc and Elizabeth Williams
Retention Award Agreement, dated November 2, 2023, between El Pollo Loco Holdings, Inc.
−Removed: Stock Repurchase Agreement, dated November 29, 2023, between El Pollo Loco
−Removed: Holdings, Inc., FS Equity Partners V, L.P.
+Added: Stock Repurchase Agreement, dated May 23, 2024, between El Pollo Loco Holdings, Inc., FS Equity Partners V, L.P.
and FS Affiliates V, L.P .
+Added: El Pollo Loco Insider Trading Policy
Subsidiaries of El Pollo Loco Holdings, Inc.
18 unchanged sentences
EL POLLO LOCO HOLDINGS, INC.
−Removed: /s/ Maria Hollandsworth
−Removed: Maria Hollandsworth
−Removed: President, Interim Chief Executive Officer and Chief Operating Officer
+Added: /s/ Elizabeth Williams
+Added: Elizabeth Williams
+Added: Chief Executive Officer
March 7, 2025
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
−Removed: /s/ Maria Hollandsworth
−Removed: President and Interim Chief Executive Officer and Chief Operating Officer (principal executive officer)
+Added: /s/ Elizabeth Williams
+Added: Chief Executive Officer (principal executive officer)
March 7, 2025
−Removed: Maria Hollandsworth
+Added: Elizabeth Williams
Chief Financial Officer (principal financial and accounting officer)
9 unchanged sentences
March 7, 2025
−Removed: /s/ Michael G.
−Removed: March 8, 2024
/s/ Nancy Faginas-Cody
4 unchanged sentences
Deborah Gonzalez
−Removed: /s/ Carol Lynton
+Added: /s/ Joe Taylor
March 7, 2025
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.