Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 20, 2024, Jay D. Johns, President, IHOP Business Unit, of Dine Brands Global, Inc., a Delaware corporation (the “Corporation”), notified the Corporation of his retirement, effective January 6, 2025. Upon Mr. Johns’ retirement, Lawrence Y. Kim will serve as President, IHOP Business Unit. Mr. Johns will remain with the Corporation as a consultant to assist in the transition of the role until the expiration of his employment agreement on March 9, 2025.
Mr. Kim has served as Chief Innovation Officer at YUM! Brands, Inc., since 2021. Prior to being appointed as Chief Innovation Officer at YUM! Brands, Inc., Mr. Kim spent seven years in various roles at Taco Bell (a division of YUM! Brands, Inc.). The Board of Directors of the Corporation appointed Mr. Kim as President Designee, effective October 21, 2024 until he assumes the role of President, IHOP Business Unit, upon Mr. Johns’ retirement.
Item 7.01 Regulation FD Disclosure.
On September 25, 2024, the Corporation issued a press release announcing the retirement of Mr. Johns and the appointment of Mr. Kim. A copy of the press release is attached hereto as Exhibit 99.1 and is also available on the Corporation’s website at www.dinebrands.com.
The information contained in this Item 7.01, including the related information set forth in Exhibit 99.1, is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise. The information in this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act, except as otherwise expressly stated in any such filing.
