Who to call at Portillo's Inc., and when
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Portillo's Inc.
A senior executive or director joined, left, or changed roles. An 8-K is the notice a US public company must file within four business days of a major event.
portillos.comThe seat is still open. No replacement has been named 361 days after this filing.
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AI-powered analysis of 8-K filing content
Portillo's Inc. announced that Chief Development Officer Michael Ellis will depart effective October 31, 2025, and that the departure qualifies him for severance under the Company's Senior Executive Severance Plan. The change matters because it removes a senior development executive and the Company has not yet finalized the separation terms.
Key Takeaways
Michael Ellis's departure as Chief Development Officer takes effect October 31, 2025, and the Company treats it as a qualifying termination under the Senior Executive Severance Plan.
Expected severance includes a cash payment equal to Ellis's annual base salary, paid in installments over the severance period, plus a prorated 2025 annual bonus paid as a lump sum.
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Related Filings (10)
10 more filings from Portillo's Inc. in the last 90 days
Filing Overview
What This Means
Portillo's Inc. filed with the SEC. Fundz turns 8-K material events into an alert with the right executive attached.
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