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
Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(d) Appointment of New Director
On January11, 2017, the Board of Directors of DineEquity, Inc.
(the Corporation), acting to the authority granted to it by the
Corporations Amended Bylaws, increased the size of the Board of
Directors from 10 to 11 directors. Also on January11, 2017, the
Board of Directors appointed Lilian Tomovich as a director of the
Corporation, effective as of January11, 2017. Ms.Tomovich is an
independent director who will serve as a ClassIII director with a
term expiring at the Corporations 2018 annual meeting of
stockholders. At the present time, Ms.Tomovich has not been
assigned to any committees of the Board of Directors.
Ms.Tomovich has served as the Chief Experience Officer and Chief
Marketing Officer for MGM Resorts International, a global
hospitality company, since July 2014. Ms.Tomovich served as the
Senior Vice President, US Consumer Marketing for MasterCard
Worldwide, a global payments solutions company, from 2013 to 2014
and was the country head of Marketing for Canada from 2010 to
2013.
Ms.Tomovich will participate in the Corporations standard
non-employee director compensation arrangements under which she
will receive an annual board retainer of $70,000, additional
annual committee retainers for serving on committees of the Board
of Directors and an annual equity award targeted at $105,000 in
value. In connection with her appointment to the Board of
Directors, Ms.Tomovich will also receive an initial equity award
targeted at $105,000 that will cliff vest in full three years
from the date of grant and settle in shares of common stock.
There are no transactions between Ms.Tomovich (or any member of
her immediate family) and the Corporation (or any of its
subsidiaries), and there is no arrangement or understanding
between Ms.Tomovich and any other persons or entities to which
Ms.Tomovich was appointed as a director of the Corporation.
The Corporation issued a press release announcing the appointment
of Ms.Tomovich to the Board of Directors. The full text of the
press release is attached hereto as Exhibit 99.1 and incorporated
herein by this reference.
Item9.01. Financial Statements and Exhibits.
(d)Exhibits.
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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 00.00 at 76.99 with 215,868 shares trading hands.