ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS
On December 19, 2022, Paul D. Ginsberg, a member of The Cheesecake Factory
Incorporated (the "Company") Board of Directors (the "Board") since 2020,
notified the Board of his intention to resign from the Board, effective
immediately. Mr. Ginsberg's departure is not due to any disagreement with the
Company on any matter relating to the Company's operations, policies or
practices.
On December 22, 2022, the Board's Corporate Governance and Nominating Committee
recommended, and the Board subsequently approved, the appointment of Adam S.
Gordon to fill the vacancy on the Board created by Mr. Ginsberg's resignation,
effective immediately.
As a non-employee director, for his service on the Board, Mr. Gordon will
receive a $100,000 annual cash retainer and an annual cash payment in lieu of
equity of $115,000, each pro-rated for the remainder of 2022. Mr. Gordon is
eligible to participate in the Company's Executive Savings Plan (the "Plan"), a
nonqualified deferred compensation plan, by contributing all or a portion of his
director fees and equity awards in the form of stock units to the Plan, subject
to the terms of the Plan. Mr. Gordon also entered into the Company's standard
form of indemnification agreement for directors, the form of which was filed as
Exhibit 99.1 to the Company's Current Report on Form 8-K filed with the
Securities and Exchange Commission on December 14, 2007.
ITEM 7.01 REGULATION FD DISCLOSURE
On December 23, 2022, the Company issued a press release announcing changes to
its Board of Directors. A copy of the press release is furnished herewith as
Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
99.1 Press release dated December 23, 2022 entitled "The Cheesecake
Factory Announces Changes to Board of Directors"
104.1 Cover Page Interactive Data File (embedded within the inline XBRL
document)
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