Corporate GovernanceJun 23, 2026, 04:33 PM
BJ's Restaurants Increases Non-Employee Director Compensation
AI Summary
BJ's Restaurants' Board of Directors, following a recommendation from the Compensation Committee, approved amended compensation for its non-employee directors. The changes include increases to annual cash retainers and restricted stock unit awards for various roles. These adjustments aim to align director compensation with market practices.
Key Highlights
- Annual cash retainer for non-employee directors increased by $5,000 to $80,000.
- Annual restricted stock unit award for non-employee directors increased by $15,000 to $140,000.
- Audit Committee members' annual cash retainer increased by $2,500.
- Compensation Committee Chair's annual cash retainer increased by $2,500.
- Non-employee Board Chair's additional annual cash retainer increased by $5,000 to $60,000.
- Non-employee Board Chair's additional annual RSU award increased by $10,000 to $70,000.
- New initial equity award for non-employee directors upon joining, prorated.
- Payment in arrears for Finance Committee compensation from its establishment.
Price Impact
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