Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 27, 2023 | |
Document and Entity Information [Abstract] | |
Document Type | PRE 14A |
Entity Registrant Name | El Pollo Loco Holdings, Inc. |
Entity Central Index Key | 0001606366 |
Amendment Flag | false |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 2 Months Ended | 10 Months Ended | 12 Months Ended | |||
Dec. 27, 2023 | Nov. 03, 2023 | Dec. 27, 2023 | Dec. 28, 2022 | Dec. 29, 2021 | Dec. 30, 2020 | |
Pay vs Performance Disclosure | ||||||
Pay vs Performance Disclosure, Table | Value of Initial Fixed $100 Investment Based on: Summary Summary Avg. Summary Average Compensation Compensation Compensation Compensation Compensation Compensation S&P 1500 Table Total Actually Paid Table Total Actually Paid Table Total Actually Paid Company Restaurants Net Adjusted PEO1 PEO1 PEO2 PEO2 Non-PEO NEO Non-PEO NEO TSR (3) TSR (4) Income EBITDA Year ($)(1) ($)(1,2) ($)(1) ($)(1,2) ($)(1) ($)(1,2) ($ thousands) ($ thousands) (5) 2023 3,161,265 389,246 983,361 983,009 1,359,787 1,331,336 60 154 25,554 57,356 2022 1,744,863 1,274,565 699,093 73,571 66 133 20,801 48,676 2021 1,499,832 1,046,794 1,738,455 (3,456,667) 1,107,640 705,482 93 146 29,121 63,395 2020 2,011,266 2,941,145 1,156,719 1,079,739 121 120 24,474 61,595 (1) The executive officers included in the table above are noted below: Year PEO1 PEO2 NEO 2023 L. Roberts M. Hollandsworth I. Fils 2022 L. Roberts I. Fils, M. Hollandsworth, M. Lozano 2021 L. Roberts B. Acoca M. Lozano 2020 B. Acoca M. Lozano, L. Roberts (2) The dollar amounts reported in the Compensation Actually Paid columns (CAP) are calculated in accordance with Item 402(v) of Regulation S-K. The fair value or change in fair value, as applicable, of equity awards included in such calculations was computed in accordance with FASB ASC Topic 718. The following adjustments were made to Summary Compensation Table total compensation for each year to determine Compensation Actually Paid (“CAP”): 2023 2022 2021 2020 Adjustments PEO1 PEO2 Average NEO PEO1 Average NEO PEO1 PEO2 Average NEO PEO2 Average NEO Summary Compensation Table Total ($) 3,161,265 983,361 1,359,787 1,744,863 699,093 1,499,832 1,738,455 1,107,640 2,011,266 1,156,719 Grant date fair value of equity awards made in the year and reported in the Summary Compensation Table ($) (1,600,000) (450,000) (810,000) (1,000,000) (350,000) (700,000) (1,000,000) (1,000,000) (625,019) Year-end fair value of awards made in the year that were unvested at the end of the year ($) 0 456,932 829,142 950,717 192,467 553,406 0 367,190 1,452,706 907,932 Change in fair value during the year of awards made in prior years that were unvested at the end of the year ($) 0 0 (45,722) (230,513) 0 (292,071) 0 (249,235) 582,806 152,122 Change in fair value during the year of awards made in prior years that vested during the year ($) (118,900) (7,284) (1,872) (190,502) (31,486) (14,373) (63,346) (20,113) (105,632) (8,950) Fair value at the beginning of the year of any awards granted prior years that failed to meet the applicable vesting conditions during the year (1,053,120) 0 0 0 (436,502) 0 (4,131,776) 0 0 (503,065) Compensation Actually Paid ("CAP") ($) 389,246 983,009 1,331,336 1,274,565 73,571 1,046,794 (3,456,667) 1,205,482 2,941,145 1,079,739 (3) TSR (Total Shareholder Return) is calculated in accordance with Item 402(v) of Regulation S-K. (4) Refers to the S&P 1500 Restaurant Index included in “Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities-Stock Performance Graph” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 27, 2023. (5) Adjusted EBITDA is defined below in (Appendix A: "Definition of Non-GAAP and other Key Financial Measures"). | |||||
Company Selected Measure Name | Adjusted EBITDA | |||||
Named Executive Officers, Footnote | (1) The executive officers included in the table above are noted below: Year PEO1 PEO2 NEO 2023 L. Roberts M. Hollandsworth I. Fils 2022 L. Roberts I. Fils, M. Hollandsworth, M. Lozano 2021 L. Roberts B. Acoca M. Lozano 2020 B. Acoca M. Lozano, L. Roberts | |||||
Peer Group Issuers, Footnote | (4) Refers to the S&P 1500 Restaurant Index included in “Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities-Stock Performance Graph” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 27, 2023. | |||||
Adjustment To PEO Compensation, Footnote | Year PEO1 PEO2 NEO 2023 L. Roberts M. Hollandsworth I. Fils 2022 L. Roberts I. Fils, M. Hollandsworth, M. Lozano 2021 L. Roberts B. Acoca M. Lozano 2020 B. Acoca M. Lozano, L. Roberts | |||||
Non-PEO NEO Average Total Compensation Amount | $ 1,359,787 | $ 699,093 | $ 1,107,640 | $ 1,156,719 | ||
Non-PEO NEO Average Compensation Actually Paid Amount | $ 1,331,336 | 73,571 | 705,482 | 1,079,739 | ||
Adjustment to Non-PEO NEO Compensation Footnote | 2023 2022 2021 2020 Adjustments PEO1 PEO2 Average NEO PEO1 Average NEO PEO1 PEO2 Average NEO PEO2 Average NEO Summary Compensation Table Total ($) 3,161,265 983,361 1,359,787 1,744,863 699,093 1,499,832 1,738,455 1,107,640 2,011,266 1,156,719 Grant date fair value of equity awards made in the year and reported in the Summary Compensation Table ($) (1,600,000) (450,000) (810,000) (1,000,000) (350,000) (700,000) (1,000,000) (1,000,000) (625,019) Year-end fair value of awards made in the year that were unvested at the end of the year ($) 0 456,932 829,142 950,717 192,467 553,406 0 367,190 1,452,706 907,932 Change in fair value during the year of awards made in prior years that were unvested at the end of the year ($) 0 0 (45,722) (230,513) 0 (292,071) 0 (249,235) 582,806 152,122 Change in fair value during the year of awards made in prior years that vested during the year ($) (118,900) (7,284) (1,872) (190,502) (31,486) (14,373) (63,346) (20,113) (105,632) (8,950) Fair value at the beginning of the year of any awards granted prior years that failed to meet the applicable vesting conditions during the year (1,053,120) 0 0 0 (436,502) 0 (4,131,776) 0 0 (503,065) Compensation Actually Paid ("CAP") ($) 389,246 983,009 1,331,336 1,274,565 73,571 1,046,794 (3,456,667) 1,205,482 2,941,145 1,079,739 | |||||
Compensation Actually Paid vs. Total Shareholder Return | ||||||
Compensation Actually Paid vs. Net Income | ||||||
Compensation Actually Paid vs. Company Selected Measure | ||||||
Total Shareholder Return Vs Peer Group | ||||||
Tabular List, Table | As described in our Compensation Discussion and Analysis, the table below lists the Company’s most important performance measures used to link compensation actually paid for our NEOs to Company performance: Performance Measures Adjusted EBITDA Revenue | |||||
Total Shareholder Return Amount | $ 60 | 66 | 93 | 121 | ||
Peer Group Total Shareholder Return Amount | 154 | 133 | 146 | 120 | ||
Net Income (Loss) | $ 25,554,000 | $ 20,801,000 | $ 29,121,000 | $ 24,474,000 | ||
Company Selected Measure Amount | 57,356,000 | 48,676,000 | 63,395,000 | 61,595,000 | ||
PEO Name | M. Hollandsworth | L. Roberts | ||||
Measure:: 1 | ||||||
Pay vs Performance Disclosure | ||||||
Name | Adjusted EBITDA | |||||
Non-GAAP Measure Description | (5) Adjusted EBITDA is defined below in (Appendix A: "Definition of Non-GAAP and other Key Financial Measures"). | |||||
Measure:: 2 | ||||||
Pay vs Performance Disclosure | ||||||
Name | Revenue | |||||
L. Roberts | ||||||
Pay vs Performance Disclosure | ||||||
PEO Total Compensation Amount | $ 3,161,265 | $ 1,744,863 | $ 1,499,832 | |||
PEO Actually Paid Compensation Amount | 389,246 | 1,274,565 | 1,046,794 | |||
L. Roberts | Grant date fair value of equity awards made in the year and reported in the Summary Compensation Table | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | (1,600,000) | (1,000,000) | (700,000) | |||
L. Roberts | Year-end fair value of awards made in the year that were unvested at the end of the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | 0 | 950,717 | 553,406 | |||
L. Roberts | Change in fair value during the year of awards made in prior years that were unvested at the end of the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | 0 | (230,513) | (292,071) | |||
L. Roberts | Change in fair value during the year of awards made in prior years that vested during the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | (118,900) | (190,502) | (14,373) | |||
L. Roberts | Fair value at the beginning of the year of any awards granted prior years that failed to meet the applicable vesting conditions during the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | (1,053,120) | 0 | 0 | |||
M. Hollandsworth | ||||||
Pay vs Performance Disclosure | ||||||
PEO Total Compensation Amount | 983,361 | |||||
PEO Actually Paid Compensation Amount | 983,009 | |||||
M. Hollandsworth | Grant date fair value of equity awards made in the year and reported in the Summary Compensation Table | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | (450,000) | |||||
M. Hollandsworth | Year-end fair value of awards made in the year that were unvested at the end of the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | 456,932 | |||||
M. Hollandsworth | Change in fair value during the year of awards made in prior years that were unvested at the end of the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | 0 | |||||
M. Hollandsworth | Change in fair value during the year of awards made in prior years that vested during the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | (7,284) | |||||
M. Hollandsworth | Fair value at the beginning of the year of any awards granted prior years that failed to meet the applicable vesting conditions during the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | 0 | |||||
B. Acoca | ||||||
Pay vs Performance Disclosure | ||||||
PEO Total Compensation Amount | 1,738,455 | $ 2,011,266 | ||||
PEO Actually Paid Compensation Amount | (3,456,667) | 2,941,145 | ||||
B. Acoca | Grant date fair value of equity awards made in the year and reported in the Summary Compensation Table | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | (1,000,000) | (1,000,000) | ||||
B. Acoca | Year-end fair value of awards made in the year that were unvested at the end of the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | 0 | 1,452,706 | ||||
B. Acoca | Change in fair value during the year of awards made in prior years that were unvested at the end of the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | 0 | 582,806 | ||||
B. Acoca | Change in fair value during the year of awards made in prior years that vested during the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | (63,346) | (105,632) | ||||
B. Acoca | Fair value at the beginning of the year of any awards granted prior years that failed to meet the applicable vesting conditions during the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | (4,131,776) | 0 | ||||
Average NEO | ||||||
Pay vs Performance Disclosure | ||||||
Non-PEO NEO Average Total Compensation Amount | 1,359,787 | 699,093 | 1,107,640 | 1,156,719 | ||
Non-PEO NEO Average Compensation Actually Paid Amount | 1,331,336 | 73,571 | 1,205,482 | 1,079,739 | ||
Average NEO | Grant date fair value of equity awards made in the year and reported in the Summary Compensation Table | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | (810,000) | (350,000) | (625,019) | |||
Average NEO | Year-end fair value of awards made in the year that were unvested at the end of the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | 829,142 | 192,467 | 367,190 | 907,932 | ||
Average NEO | Change in fair value during the year of awards made in prior years that were unvested at the end of the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | (45,722) | 0 | (249,235) | 152,122 | ||
Average NEO | Change in fair value during the year of awards made in prior years that vested during the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | (1,872) | (31,486) | (20,113) | (8,950) | ||
Average NEO | Fair value at the beginning of the year of any awards granted prior years that failed to meet the applicable vesting conditions during the year | ||||||
Pay vs Performance Disclosure | ||||||
Adjustment to Compensation, Amount | $ 0 | $ (436,502) | $ 0 | $ (503,065) |