Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On September 3, 2021, the Compensation Committee of Wingstop Inc. (the
"Company") approved modifications to the compensation of Michael Skipworth,
President and Chief Operating Officer, and Alex Kaleida, Senior Vice President
and Chief Financial Officer, in connection with their promotions, which were
previously reported by the Company on its Form 8-K filed with the Securities and
Exchange Commission on August 27, 2021. The Compensation Committee approved an
increase of Mr. Skipworth's annual base salary to $575,000 and an increase of
Mr. Kaleida's (i) annual base salary to $375,000, (ii) target cash bonus under
the Company's annual performance-based cash incentive opportunity to 50% of
annual base salary, and (iii) target long term service-based and
performance-based equity incentive compensation to 100% of annual base salary.
The terms of the Company's performance-based annual cash incentive opportunity
and service-based and performance-based equity incentive awards are described in
the "Elements of Executive Compensation" and "2021 Executive Compensation
Program Changes" sections of the Company's 2021 Proxy Statement and incorporated
by reference herein.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Wingstop Inc.
Date: September 10, 2021 By: /s/ Albert McGrath
Senior Vice President
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