CARROLS RESTAURANT GROUP, INCfalse000080924800008092482020-11-052020-11-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 25, 2023

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Carrols Restaurant Group, Inc.

(Exact name of registrant as specified in its charter)

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Delaware						001-33174			83-3804854
(State or other jurisdiction of  incorporation or organization)						(Commission  File Number)			(I.R.S. Employer  Identification No.)
968 James Street
Syracuse,			New York						13203
(Address of principal executive office)									(Zip Code)
Registrant’s telephone number, including area code:						(315)			424-0513
N/A
(Former name or former address, if changed since last report.)

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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, par value $.01 per share

TAST

The NASDAQ Global Market

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:

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☐ 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

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-2 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. ☐

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ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On April 25, 2023, the Compensation Committee of the Board of Directors of Carrols Restaurant Group, Inc. (the “Company”) approved the payment of a cash bonus to Anthony E. Hull, the Interim President and Chief Executive Officer and the Chief Financial Officer and Treasurer of the Company, in the amount of $150,000 (the “Bonus”). The Bonus will be paid to Mr. Hull within thirty (30) days after the completion of his service at Interim President and Chief Executive Officer of the Company, which is scheduled to end on May 1, 2023. As previously announced by the Company, Deborah M. Derby was appointed President and Chief Executive Officer of the Company, effective May 1, 2023. Mr. Hull will continue to serve as Chief Financial Officer and Treasurer of the Company after May 1, 2023.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit No.			Description
104			Cover Page Interactive Data File (formatted as Inline XBRL)

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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 hereunto duly authorized.

Date: April 28, 2023

CARROLS RESTAURANT GROUP, INC.

By:			/s/ Jared L. Landaw
Name:			Jared L. Landaw
Title:			Vice President, General Counsel and Secretary