Noodles & Company Approves Executive Retention Bonuses Tied to Change in Control

Reuters2025-11-22

Noodles & Company Approves Executive Retention Bonuses Tied to Change in Control

Noodles & Company has approved new retention bonus agreements for its executive officers, according to a recent filing. The bonuses will be paid only if a Change in Control of the company occurs, excluding any refinancing or capital raising transactions that do not result in a Change in Control. Executives will qualify for the retention bonus if they remain with the company for 90 days after the transaction closes or if they are terminated without cause within 30 days before or 90 days after the closing. The right to receive the bonus expires if a Change in Control does not take place by December 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Noodles & Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001275158-25-000104), on November 21, 2025, and is solely responsible for the information contained therein.

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