ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On January 3, 2023, Carrols Restaurant Group, Inc. (the "Company") announced
that Paulo A. Pena, President, Chief Executive Officer and a member of the Board
of Directors of the Company, passed away unexpectedly in the hospital on
December 31, 2022. Pursuant to the Company's CEO Succession Plan, on December
31, 2022, the Board of Directors of the Company appointed Anthony E. Hull, Vice
President, Chief Financial Officer and Treasurer of the Company, to serve as
Interim President and Chief Executive Officer of the Company. Mr. Hull will
continue serving as Chief Financial Officer and Treasurer of the Company while
serving as Interim President and Chief Executive Officer. Mr. Hull, age 64, has
been Vice President, Chief Financial Officer and Treasurer of the Company since
January 2020.
Prior to joining Carrols, Mr. Hull served as a Senior Advisor to Realogy
Holdings Corp. (now known as Anywhere Real Estate Inc. NYSE: HOUS) ("Realogy"),
a leading integrated provider of real estate services in the United States, from
November 2018 until March 2019 and previously served as Realogy's Executive Vice
President, Chief Financial Officer and Treasurer from July 2006 until November
2018. Mr. Hull also served as Executive Vice President, Finance of Cendant
Corporation ("Cendant"), a diversified holding company, from 2003 until
Realogy's separation from Cendant in July 2006. From January 1996 to September
2003, Mr. Hull served as Head of Finance, Accounting and IT at DreamWorks, a
diversified entertainment company. From 1994 until 1995, Mr. Hull served as
Chief Financial Officer of King World Productions, Inc., a NYSE listed
television syndication and production company. From 1990 to 1994, Mr. Hull
served as Corporate Vice President, Financial Planning at Paramount
Communications, a diversified entertainment and publishing company. From 1984 to
1990, Mr. Hull worked in investment banking at Morgan Stanley.
Mr. Hull does not have any transactions with the Company that would be required
to be reported pursuant to Item 404(a) of Regulation S-K.
ITEM 7.01. REGULATION FD DISCLOSURE.
On January 3, 2023, the Company announced the appointment of Joseph Hoffman as
Chief Restaurant Officer of the Company, a new executive level position created
to oversee the Company's restaurant operations, effective January 1, 2023.
Mr. Hoffman served as Senior Vice President, Operations of the Company in a
non-executive level capacity from May 2022 to December 31, 2022, as a Division
Vice President, Operations from June 2017 until April 2022, and as a Vice
President, Region Director from June 1997 until May 2017. Mr. Hoffman has been
an employee of the Company since 1993, when he joined the Company as a District
Manager.
On January 3, 2023, the Company issued a press release announcing the
appointment of Mr. Hoffman as Chief Restaurant Officer of the Company, the
entire text of which is attached as Exhibit 99.1 and is incorporated by
reference herein.
ITEM 8.01. OTHER EVENTS.
On January 3, 2023, the Company issued a press release announcing the unexpected
death of Mr. Pena on December 31, 2022 and the appointment of Mr. Hull as the
Interim President and Chief Executive Officer of the Company on December 31,
2022, the entire text of which is attached as Exhibit 99.1 and is incorporated
by reference herein.
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ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit No. Description
99.1 Carrols Restaurant Group, Inc. Press Release dated January 3, 2023
104 Cover Page Interactive Data File (formatted as Inline XBRL)
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