AGM/EGMApr 30, 2026, 04:30 PM
LOCO Sets 2026 Annual Meeting; Director Elections & Equity Plan Vote
AI Summary
El Pollo Loco Holdings, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on May 26, 2026. Stockholders will vote on several key proposals, including the election of two Class III director nominees, Tana Davila and Frank Garrido, and the ratification of BDO USA, P.C. as the independent auditor. Other proposals include advisory votes on executive compensation and its frequency, and the approval of an amendment to the Equity Incentive Plan to increase reserved shares. The meeting will also address a shareholder proposal requesting a majority voting standard for director elections, which the Board recommends against.
Key Highlights
- LOCO to hold 2026 Annual Meeting virtually on May 26, 2026, at 1:00 p.m. Pacific Time.
- Stockholders to vote on election of two Class III director nominees: Tana Davila and Frank Garrido.
- Proposals include ratification of BDO USA, P.C. as independent auditor for 2026.
- Advisory (non-binding) votes on named executive officer compensation and its frequency.
- Approval of an amendment to the Equity Incentive Plan, increasing reserved shares.
- Shareholder proposal requests adoption of a majority voting standard for director elections.
- Board recommends 'FOR ALL' director nominees, 'FOR' auditor ratification, 'FOR' executive compensation, 'ONE YEAR' for frequency, 'FOR' Equity Plan amendment, and 'AGAINST' shareholder proposal.
- Board declassification plan approved at 2025 AGM, with full declassification by 2028 AGM.
Price Impact
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