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8-K
false 0000049754 0000049754 2020-05-28 2020-05-28

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 28, 2020

 

Dine Brands Global, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

001-15283

 

95-3038279

(State or other jurisdiction
of incorporation or organization)

 

(Commission File No.)

 

(I.R.S. Employer
Identification No.)

450 North Brand Boulevard, Glendale, California

 

91203-2306

(Address of principal executive offices)

 

(Zip Code)

(818) 240-6055

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading symbol(s)

 

Name of each exchange on which registered

Common Stock, $.01 Par Value

 

DIN

 

New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously disclosed, the term of the Employment Agreement, dated as of August 9, 2017 by and between Dine Brands Global, Inc. (the “Corporation”) and Stephen P. Joyce, the Chief Executive Officer of the Corporation, will expire as of February 1, 2021. In connection with this expiration, the Corporation has commenced a search for a new Chief Executive Officer.

A copy of the Corporation’s press release announcing the search for a new Chief Executive Officer is attached hereto as Exhibit 99.1, and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

  (d) Exhibits.

Exhibit

Number

   

Description

         
 

99.1

   

Press Release issued by the Corporation on May 28, 2020

         
 

104

   

Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: May 28, 2020

 

 

DINE BRANDS GLOBAL, INC.

             

 

 

By:

 

/s/ Bryan R. Adel

 

 

 

Bryan R. Adel

Senior Vice President, Legal, General Counsel and Secretary

EX-99.1

Exhibit 99.1

 

LOGO

 

 

 

News Release    Investor Contact
   Ken Diptee
   Executive Director, IR
   Dine Brands Global, Inc.
   Ken.diptee@dinebrands.com

Media Contact

Susan Nelson

Vice President, Communications

Dine Brands Global, Inc.

Susan.Nelson@applebees.com

Dine Brands Global, Inc. Announces CEO Search

GLENDALE, Calif., May 28, 2020 – The Board of Directors of Dine Brands Global, Inc. today announced that it has retained the executive search firm, Spencer Stuart, to assist the Company in identifying an individual to succeed its Chief Executive Officer, Steve Joyce. Mr. Joyce’s employment agreement expires February 1, 2021.

“I am proud of the growth that we have experienced during my tenure as Chief Executive Officer,” said Joyce. Since 2017, we have established and executed on strategic plans, strengthened the franchisee base, completed a $1.3 billion securitization transaction and returned significant capital to stockholders. With the occurrence of the crisis due to the Coronavirus pandemic, it is not only essential that we all focus on our current situation, but also our emergence with a strong leadership team for the future.”

“We appreciate Steve’s considerable contributions to Dine Brands during a critical period for the Company accentuated by this current crisis,” said Richard Dahl, Chairman of the Board. “We are pleased to be working with Spencer Stuart to identify a leader from both an internal and external pool of candidates.”

About Dine Brands Global, Inc.

Based in Glendale, California, Dine Brands Global, Inc. (NYSE: DIN), through its subsidiaries, franchises restaurants under both the Applebee’s Neighborhood Grill + Bar and IHOP brands. With approximately 3,600 restaurants combined in 17 countries and approximately 370 franchisees, Dine Brands is one of the largest full-service restaurant companies in the world. For more information on Dine Brands, visit the Company’s website located at www.dinebrands.com.

 

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