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Wendy's New CEO Brolick's 2011 Compensation At $4.6 Million

By Paul Ziobro Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The Wendy's Co. (WEN) President and Chief Executive Emil Brolick earned total compensation valued at $4.6 million in 2011 after taking the helm of the hamburger chain in September, according to a Securities and Exchange Commission filing Friday. Wendy's outgoing CEO Roland Smith, who retired rather than relocate to Ohio from Atlanta after Wendy's sold most of Arby's, took home about $16.5 million in total compensation last year, including $11.4 million in severance pay. That pay package was up more than three-fold from the $4.9 million in total compensation that Smith earned in 2010. Brolick's 2011 compensation included $338,462 in base salary for time served in the role; his base salary for the full year is $1.1 million. Brolick also received a $500,000 signing bonus, $3.2 million in stock and option awards and $533,000 in non-equity incentive plan compensation. Brolick, a former chief operating officer at Yum Brands Inc. (YUM), joined Wendy's on Sept. 12. Wendy's in recent years has revamped the menu at the fast-food chain, adding new salads, fries and hamburgers, as well as breakfast. It is also investing to remodel stores to better keep up with McDonald's Corp. (MCD). Wendy's recently surpassed Burger King Holdings Inc. as the No. 2 hamburger chain in the U.S. in systemwide sales, according to research firm Technomic Inc. But Burger King this week announced a deal that would once again bring it public, and also detailed its strategy for turning around its fortunes in the U.S. Wendy's shares closed Thursday at $4.99, and are down 6.9% so far this year. -By Paul Ziobro, Dow Jones Newswires; 212-416-2194; paul.ziobro@dowjones.com

Stock News for Yum (YUM)
DateTimeHeadline
04/27/201616:51:40Current Report Filing (8-k)
04/27/201609:00:00Yum! Brands Promotes David Gibbs to President and Chief Financial...
04/27/201609:00:00Right On Time: Pizza Hut® Makes Delivery "Promise Time" Visible...
04/27/201608:18:35Statement of Changes in Beneficial Ownership (4)
04/26/201617:04:20Quarterly Report (10-q)
04/21/201616:38:00Current Report Filing (8-k)
04/21/201616:16:00Yum! Brands, Inc. Announces New Securitization Financing Facility
04/21/201611:15:00Yum Brands' China Business Gaining Strength Ahead of Spinoff
04/21/201608:08:00Corporate Social Responsibility Related News Releases and Story...
04/21/201603:03:00Yum Rides China Recovery -- WSJ
04/20/201617:40:00Yum Brands Profit Climbs, Helped by China Strength
04/20/201617:24:00Yum Brands Profit Climbs, Helped by China Strength
04/20/201616:22:45Current Report Filing (8-k)
04/20/201616:15:00Yum! Brands Reports Core Operating Profit Growth of 21% in First...
04/19/201607:04:00Yum! Brands 2015 CSR Report Showcases Efforts to Feed the World...
04/11/201608:00:00A Heroes' Welcome: Pizza Hut® Gives Marvel Fans Power To Choose...
04/08/201616:37:01Additional Proxy Soliciting Materials (definitive) (defa14a)
04/08/201616:36:37Proxy Statement (definitive) (def 14a)
04/04/201617:43:00KFC Revolutionizes Fast Food, By Slowing It Way, Way Down
04/04/201616:18:17Statement of Changes in Beneficial Ownership (4)

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