Short answer
Portillo's Inc. (PTLO) filed an 8-K current report with the SEC on August 4, 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). Kevin Kalicak becomes CFO and Treasurer September 7, succeeding interim CFO Pamela Smith.
Portillo's Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Kevin Kalicak becomes CFO and Treasurer September 7, succeeding interim CFO Pamela Smith
- Former Darden and Olive Garden finance executive, adding public-company restaurant finance and investor-relations experience
- Base salary $500,000, annual bonus target 75%, and long-term incentive target $750,000
- Additional compensation includes $100,000 sign-on cash, $187,500 guaranteed 2026 incentive, and up to $100,000 relocation reimbursement
- One-time $825,000 RSU award vests ratably over three years, increasing retention-linked compensation exposure
Item 7.01 · Regulation FD Disclosure
- August 4, 2026 press release announced Mr. Kalicak’s appointment
- Appointment details are contained in Exhibit 99.1, furnished under Regulation FD
- Exhibit 99.1 is not deemed filed under Exchange Act Section 18, limiting filing-liability implications
Item EX-99.1 · Exhibit EX-99.1
- Kevin Kalicak becomes CFO and Treasurer September 7, 2026, replacing the existing finance leadership
- Former Olive Garden finance chief brings experience overseeing more than 900 restaurants and $5 billion annual sales
- Expanded CFO remit includes finance, investor relations, internal audit, tax and supply chain
- $825,000 sign-on RSU award, vesting ratably over three years subject to continued employment
- Appointment signals emphasis on operational execution, scalable growth and shareholder value creation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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