DineEquity, Inc. (NYSE:DIN) 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 February 17, 2017, DineEquity, Inc., a Delaware Corporation (the “Corporation”), filed a Current Report on Form 8-K reporting the appointment of Richard J. Dahl as Chairman and Interim Chief Executive Officer, effective March 1, 2017 (“March 1, 2017 Form 8-K”). At the time of such filing, Mr. Dahl’s compensation as Interim Chief Executive Officer had not yet been determined. This Current Report on Form 8-K/A amends the March 1, 2017 Form 8-K to include information regarding decisions on Mr. Dahl’s compensation made by the Compensation Committee on March 21, 2017.

In connection with his appointment as Interim Chief Executive Officer, Mr. Dahl will receive a monthly base salary of $125,000 and an initial grant of 50,000 stock options which will vest as to one-third of the shares on each of March 21, 2018, 2019 and 2020. In addition, the Corporation has agreed to reimburse or otherwise compensate Mr. Dahl for commuting expenses during his tenure as Interim Chief Executive Officer.

About DineEquity, Inc. (NYSE:DIN)

DineEquity, Inc., together with its subsidiaries, owns and franchises the Applebee’s Neighborhood Grill & Bar (Applebee’s) concept in the bar and grill segment within the casual dining category of the restaurant industry, and owns, franchises and operates the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry. The Company operates through four segments: Franchise operations, Rental operations, Company restaurant operations and Financing operations. The Company has approximately 3,720 restaurants across both brands that are franchised. Each Applebee’s restaurant features food, alcoholic and non-alcoholic beverage items and table service. Applebee’s features a selection of modern American grill and bar fare, such as appetizers, sandwiches and burgers, beers and desserts. It also franchises, owns and operates restaurants in the family dining category of the restaurant industry under the name International House of Pancakes.

DineEquity, Inc. (NYSE:DIN) Recent Trading Information

DineEquity, Inc. (NYSE:DIN) closed its last trading session up +0.18 at 50.77 with 330,541 shares trading hands.