Chuy's Holdings Inc.
05/03/2024 | Press release | Distributed by Public on 05/03/2024 14:02
Management Change/Compensation - Form 8-K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 1, 2024, the Board of Directors (the "Board") of Chuy's Holdings, Inc. (the "Company") appointed Nancy Freda-Smith to the Board. Ms. Freda-Smith was appointed as a Class III director with an initial term expiring at the Company's 2024 annual meeting of stockholders. Ms. Freda-Smith was also appointed as a member of the Audit Committee of the Board. The Board has determined that Ms. Freda-Smith is an independent director under the Nasdaq rules.
In connection with her appointment, on May 1, 2024, Ms. Freda-Smith entered into the Company's standard indemnification agreement for directors. Ms. Freda-Smith will also receive compensation in accordance with the Company's existing compensation arrangements for non-employee directors, which are described in "Item 11. Executive Compensation-Director Compensation" in Amendment No. 1 to the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on April 25, 2024. There are no arrangements or understandings between Ms. Freda-Smith and any other person pursuant to which she was selected to serve on the Board, and there are no relationships between Ms. Freda-Smith and the Company that would require disclosure under Item 404(a) of Regulation S-K.