0001628280-26-045042
SEC filingCAVA Group amended its Executive Severance Plan to restrict eligibility to Executive Leadership Team members and modify severance terms, and reported annual meeting voting results.
The filing reports two main events: an amendment to the Executive Severance Plan and the results of the annual meeting of stockholders. The plan amendment, approved by the People, Culture and Compensation Committee on June 22, 2026, narrows the definition of eligible employees to current and future members of the Executive Leadership Team. Participants must now execute a Release and Restrictive Covenants Agreement to receive severance, and severance benefits terminate upon violation of that agreement or subsequent employment with certain restaurant competitors. Base salary continuation payments are reduced by any compensation earned during the severance period. The standstill for plan amendments after a Change in Control is reduced from five years to two years. Current participants will not be subject to the amendments until one year after written notice; new participants are immediately subject. At the annual meeting, all proposals passed, including the election of directors Brett Schulman and James D. White, advisory approval of executive compensation, and ratification of Deloitte & Touche as auditor for fiscal 2026.