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 March 1, 2017, DineEquity, Inc., a Delaware Corporation (the “Corporation”), filed a Current Report on Form 8-K reporting the appointment of Greggory H. Kalvin as interim Chief Financial Officer, effective March 15, 2017 (“March 1, 2017 Form 8-K”). At the time of such filing, Mr. Kalvin’s compensation as interim Chief Financial 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. Kalvin’s compensation made by the Compensation Committee on April 6, 2017.

In connection with his appointment as interim Chief Financial Officer, Mr. Kalvin will receive an additional $66,000 in annual compensation while Mr. Kalvin serves in the role of interim Chief Financial Officer and a one-time equity award grant of $200,000 in restricted stock awards which will vest in full upon the third anniversary of the grant date, provided that Mr. Kalvin is continuously employed by the Corporation through this date. In addition, Mr. Kalvin’s target bonus under the Corporation’s annual cash incentive plan will be temporarily increased from 50% to 75% through the later of the end of 2017 or the duration of time that Mr. Kalvin serves in the role of interim Chief Financial 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 +0.28 at 55.49 with 221,436 shares trading hands.