Fogo de Chao, Inc. (NASDAQ:FOGO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The applicable multiple under Mr.Johnson’s CoC Agreement is two and the applicable multiple for each of Mr.McGowan and Mrs.Oliveira is one. Upon a change of control, each employee’s equity awards will vest and any applicable restrictions will lapse.
The foregoing summaries of the materials terms of the forms of Performance-Based Restricted Stock Award Agreement and the CoC Agreement do not purport to be complete and are qualified in their entirety by the full text of such agreements, which are filed as Exhibits 10.1 and 10.2 to this Form 8-K and incorporated herein by reference.
Item 5.02. Financial Statements and Exhibits.
Fogo de Chao, Inc. ExhibitEX-10.1 2 d481253dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 Fogo de Chão,…To view the full exhibit click
About Fogo de Chao, Inc. (NASDAQ:FOGO)
Fogo de Chao, Inc. is a United States-based holding company. The Company, through its subsidiaries, operates upscale Brazilian churrascaria steakhouses under the brand of Fogo de Chao. The Company owns 100% of Brasa (Purchaser) Inc. (Brasa Purchaser), which owns 100% of Brasa (Holdings) Inc. (Brasa Holdings). The Company operates through two segments: United States and Brazil. It specializes in fire-roasting meats utilizing the centuries-old Southern Brazilian cooking technique of churrasco. The Company offers its guests a tasting menu of meats featuring up to 20 cuts, simply seasoned and fire-roasted to expose their natural flavors. The Company operates approximately 26 restaurants in the United States, 10 in Brazil and one in Mexico. The Company operates a range of restaurant formats, including in-line and free-standing locations. Its restaurants range in size from approximately 7,000 to 16,000 square feet, with seating from 200 to 500 guests.