Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On March 10, 2017, the Board of Directors of Del Frisco’s Restaurant Group, Inc. (the “Company”) appointed Ms. Pauline J. Brown to serve as a class II Director to fill a newly created vacancy on the Board, with such appointment effective as of April 1, 2017.  Ms. Brown’s current term of office will end at the Company’s 2017 Annual Stockholder Meeting. 

Ms. Brown has been a Senior Lecturer at Harvard Business School since 2016. Before joining Harvard Business School, Ms. Brown served as Chairman, North America for LVMH Moët Hennessy Louis Vuitton, S.E., a European multinational luxury goods conglomerate, from 2013 to 2015.  From 2010 to 2013, Ms. Brown served as an independent advisor to owners and investors in consumer brands.  Ms. Brown also formerly served as Managing Director, Consumer and Retail, to The Carlyle Group, Senior Vice President, Corporate Strategy and Global Business Development to Avon Products, Inc., Vice President, Corporate Strategy and New Business Development to Estée Lauder Companies and was a Management Consultant with Bain & Company. 

Ms. Brown will receive the Company’s standard compensation package for independent directors, which includes an annual cash retainer of $47,500 and an annual stock-based compensation award valued at approximately $75,000 that vests on the first anniversary of the date of grant.

Ms. Brown has been affirmatively determined by the Board to be an independent director under the independence standards of the NASDAQ Global Select Stock Market and will serve as a member of the Company’s Compensation Committee and Nominating and Corporate Governance Committee.

There were no understandings or other agreements or arrangements between Ms. Brown and any other person to which Ms. Brown was elected as a director of the Company.



About Del Frisco’s Restaurant Group, Inc.  (NASDAQ:DFRG)

Del Frisco’s Restaurant Group, Inc. is engaged in developing, owning and operating restaurants. The Company’s complementary restaurants include Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse (Sullivan’s) and Del Frisco’s Grille (the Grille). Its operating segments are Del Frisco’s, Sullivan’s and Del Frisco’s Grille. Del Frisco’s is a steakhouse concept in the United States. The Sullivan’s brand includes a fine dining experience, along with an atmosphere created an open kitchen, live music and a bar area designed to be a center for social gathering and entertainment. The Grille is a casual concept with a menu designed to appeal to both business and casual diners that features various Del Frisco’s aged steaks, menu items and a range of wines. The Del Frisco’s brand’s menu includes other offerings, such as lamb, seafood, and various side dishes and desserts. It operates over 50 restaurants in 20 states and the District of Columbia.

Del Frisco’s Restaurant Group, Inc.  (NASDAQ:DFRG) Recent Trading Information

Del Frisco’s Restaurant Group, Inc.  (NASDAQ:DFRG) closed its last trading session up +0.40 at 17.55 with 1,342,940 shares trading hands.