Corporate GovernanceMay 29, 2026, 04:15 PM
El Pollo Loco Stockholders Approve Majority Voting, Equity Plan
AI Summary
El Pollo Loco Holdings, Inc. held its 2026 Annual Meeting of Stockholders, where several key proposals were approved. Stockholders voted to adopt a majority voting standard for the election of directors in uncontested elections and approved amendments to the Equity Incentive Plan, increasing the shares available for grants by 1,250,000. Additionally, two Class III directors were elected, the independent auditor was ratified, and the non-binding advisory vote on executive compensation was approved. The Board also decided to hold advisory votes on executive compensation annually.
Key Highlights
- Stockholders approved a shareholder proposal requesting a majority voting standard for director elections with 15,630,362 votes For.
- Amendments to the Equity Incentive Plan were approved, increasing shares available for award grants by 1,250,000.
- Tana Davila and Frank Garrido were elected as Class III directors, each receiving over 22 million votes For.
- The appointment of BDO USA, P.C. as the independent registered public accounting firm for 2026 was ratified with 26,723,782 votes For.
- Stockholders approved the non-binding advisory vote on named executive officers’ compensation with 21,942,592 votes For.
- The Board of Directors determined to hold advisory votes on named executive officer compensation annually.
- A quorum of 87.96% of the 30,455,298 outstanding shares was present at the Annual Meeting.
Price Impact
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