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CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) filed an 8-K current report with the SEC on July 27, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). CEO transition effective August 10, 2026, with David Deno replacing Julie Masino and joining the Board.
CRACKER BARREL OLD COUNTRY STORE, INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO transition effective August 10, 2026, with David Deno replacing Julie Masino and joining the Board
- Masino remains through October 9, 2026 for transition support before departing; resignation not tied to disagreement
- Deno brings former Bloomin’ Brands CEO experience and restaurant operating background, potentially supporting strategic repositioning
- Compensation includes $1,000,000 salary, 125% bonus target, and 360% long-term incentive target
- Employment terms include $400,000 sign-on equity and severance equal to 2× salary plus target bonus upon qualifying termination
Item 7.01 · Regulation FD Disclosure
- Leadership transition announced on July 27, 2026
- Exhibit 99.1 contains the transition details and expected implications for management continuity
Item EX-99.1 · Exhibit EX-99.1
- CEO transition effective August 10, 2026: David Deno replaces Julie Masino and joins the Board
- Masino exits as CEO and director, remaining as an advisor through October 9, 2026
- Deno brings more than four decades in restaurant and retail leadership, including Bloomin’ Brands CEO from 2019–2024
- Leadership change creates execution and retention risk while management pursues operational and financial improvement across approximately 660 locations
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