Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On May 26, 2020, the Board of Directors (the Board) of Darden Restaurants, Inc.
(the Company) approved new compensation arrangements for Eugene I. Lee, Jr., the
Company's President and Chief Executive Officer, to restore his base salary from
the previously disclosed reduced level that has been in effect since March 23,
2020. Mr. Lee's base salary will be restored to $1,000,000, effective June 1,
2020. All other elements of Mr. Lee's compensation remain unchanged.
On May 26, 2020, the Compensation Committee of the Board approved new
compensation arrangements for each of our other named executive officers (as
defined in the Proxy Statement for our 2019 Annual Meeting of Shareholders) to
restore their respective base salaries from the previously disclosed reduced
levels that have been in effect since April 13, 2020. The other named executive
officers' base salaries will be restored as follows, effective June 1, 2020:
Name Title Base Salary
Senior Vice President and Chief
Ricardo Cardenas Financial Officer $ 725,000
Executive Vice President and Chief
David C. George Operating Officer $ 775,000Todd A. Burrowes President, LongHorn Steakhouse $ 640,000
Daniel J. Kiernan President, Olive Garden
$ 650,000
All other elements of such named executive officers' compensation remain
unchanged.
Item 8.01 Other Events.
On May 26, 2020, the Board approved the restoration of all elements of cash
compensation payable to non-employee directors under the Company's Director
Compensation Program to the amounts previously approved by the Board on
September 18, 2019, effective June 1, 2020.
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DARDEN RESTAURANTS, INC. 
