Tag: SEC documents

Texas Roadhouse stockholders warm (a bit) to top exec pay

The fast-casual restaurant chain’s Securities and Exchange Commission filing this morning shows stockholders grew slightly more happy with last year’s executive compensation vs. the prior year. The breakdown of the advisory vote at yesterday’s annual meeting vs. last year’s meeting:

Texas Roadhouse advisory vote

Kent Taylor
Taylor

Chairman and CEO Kent Taylor got paid $8.6 million last year, according to Boulevard’s executive compensation survey. That was way up from 2014, when he got $1.1 million, because of a huge $7.4 million stock grant.

Here’s the year-ago SEC filing on the vote.

The tweet sent before yesterday’s annual meeting; more company tweets:

Schnatter sells $73K of stock

John Schnatter
Schnatter

Papa John’s founder and CEO John Schnatter sold 1,209 shares at $60.06 each yesterday, the company said in a regulatory filing moments ago — for a total $72,540.

After the sale, he owned 10,005,312 shares, excluding options, company documents show. At the current stock price, those shares are worth $600.3 million.

Texas Roadhouse reports first-quarter results after stock markets close today at 4 p.m. ET. Here’s how the Louisville-based company describes itself in its annual 10-K report to the Securities and Exchange Commission; its most recent was filed Feb. 26.:

Kent Taylor
Taylor

Texas Roadhouse is a growing restaurant company operating predominately in the casual dining segment . Our founder, chairman and chief executive officer, Kent Taylor, started the business in 1993 with the opening of the first Texas Roadhouse restaurant in Clarksville, Ind. Since then, we have grown to 483  restaurants in 49 states and four foreign countries. Our mission statement is, “Legendary Food, Legendary Service.” Our operating strategy is designed to position each of our restaurants as the local hometown favorite for a broad segment of consumers seeking high-quality, affordable meals served with friendly, attentive service. As of Dec. 29, we owned and operated 401 restaurants and franchised an additional 82 restaurants.