ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
In a press release dated February 17, 2021, a copy of which is furnished as
Exhibit 99.1 to this report, The Cheesecake Factory Incorporated (the "Company")
reported financial results for the fourth quarter of fiscal 2020, which ended on
December 29, 2020.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS
Performance Incentive Plan Payments for Fiscal 2020. On February 10, 2021, the
Compensation Committee (the "Compensation Committee") of the Board of Directors
of the Company awarded each of the named executive officers of the Company a
discretionary bonus pursuant to the Company's Performance Incentive Plan for
Fiscal 2020 (as amended and restated on September 2, 2020, the "Plan") equal to
10% of each such named executive officer's target performance bonus under the
Plan in recognition of performance in responding to the challenges of the
COVID-19 pandemic during fiscal year 2020 (each a "discretionary bonus"). The
actual amounts of the discretionary bonuses paid to the named executive officers
are set forth in the table below:
Amount of
Name Discretionary Bonus
David Overton $ 109,450
Chairman and Chief Executive Officer
David M. Gordon $ 54,000
President
Matthew E. Clark $ 37,450
Executive Vice President and Chief Financial Officer
Scarlett May $ 33,150
Executive Vice President, General Counsel and Secretary
Keith Carango $ 26,975
President, The Cheesecake Factory Bakery Incorporated
ITEM 7.01 REGULATION FD DISCLOSURE
On February 17, 2021, the Company posted an updated Investor Presentation on the
Company's Investor Relations website at investors.thecheesecakefactory.com. A
copy of the presentation is furnished as Exhibit 99.2 hereto and is incorporated
by reference herein.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
99.1 Press release dated February 17, 2021 entitled "The Cheesecake
Factory Reports Results for Fourth Quarter of Fiscal 2020 and
Provides Business Update."
99.2 The Cheesecake Factory Investor Presentation dated February 17,
2021
104.1 Cover Page Interactive Data File (embedded within the inline XBRL
document)
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