Vintage Capital Calls for Financial Probe of Red Robin - Nation's Restaurant News Home Page -BoardProspects

Vintage Capital Calls for Financial Probe of Red Robin

Nation's Restaurant News Home Page Sep 11 2019 BoardNews

Vintage Capital Management said it is disappointed by Red Robin Gourmet Burgers Inc.’s rejection of its takeover bid and called into question the “staggering” compensation package offered to newly appointed CEO Paul Murphy , the firm wrote late Tuesday in a regulatory filing...
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Quotes
1. If Mr. Murphy is terminated in connection with a sale of the company or a change of a majority of the board, he is entitled to cash and vested equity with a value today of more than $9 million.
2. The board will be called to answer for its campaign of delay, obfuscation, and fiduciary duty breach.
Topics Mentioned
- Management
- stock options
- severance
- Red Robin
- Paul Murphy
- Brian Kahn
- Vintage Capital
- CEO
- Takeover Bid
- Takeover