Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 5, 2025, Dine Brands Global, Inc., a Delaware corporation (the “Corporation”), announced Tony E. Moralejo, President, Applebee’s Business Unit, will be departing his current role with the Corporation, effective as of March 4, 2025. Mr. Moralejo will be entitled to receive severance payments in accordance with the Corporation’s Executive Severance and Change in Control Plan. Mr. Moralejo will remain with the Corporation in an advisory role to assist in the transition of the role until June 4, 2025. The Corporation has initiated a process to appoint a successor. Until a successor is appointed, John W. Peyton, Chief Executive Officer of the Corporation, will also serve as Interim President, Applebee’s Business Unit.
Item 7.01 Regulation FD Disclosure.
On February 5, 2025, the Corporation issued a press release announcing the departure of Mr. Moralejo. 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.
