tiprankstipranks
Noodles & Co Enhances Board with Strategic Support Agreement
Company Announcements

Noodles & Co Enhances Board with Strategic Support Agreement

Don't Miss our Black Friday Offers:

An update from Noodles & Co (NDLS) is now available.

Noodles & Company has entered into a Support Agreement with Hoak & Co and Britain Peakes, leading to Peakes’ appointment to the company’s Board of Directors as a Class III director. The agreement includes provisions for Peakes’ nomination for the upcoming 2025 stockholders’ meeting, standstill and voting commitments from Hoak, and non-disparagement clauses. Peakes, who has no prior relationships with the company’s executives, will be compensated as per the non-employee directors’ program, excluding the annual cash retainer which will go to Hoak. The company has announced Peakes’ appointment in a recent press release.

For detailed information about NDLS stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskNoodles & Company Reports Q3 2024 Financial Results
TheFlyNoodles & Company cuts FY24 revenue view to $487M-$495M from $495M-$505M
TheFlyNoodles & Company reports Q3 adjusted EPS (12c), consensus (6c)
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App