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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
04/23/201417:02:14MARKET SNAPSHOT: U.S. Stocks Tumble; S&P 500 Ends 6-day Run
04/23/201415:47:47MARKET SNAPSHOT: U.S. Stocks Drift Lower
04/23/201410:40:12MARKET SNAPSHOT: U.S. Stocks Fall; PMI, Home Sales Disappoint
04/23/201410:15:39MARKET SNAPSHOT: U.S. Stocks Fall; PMI Slips In April
04/23/201409:34:30U.S. Hot Stocks: Hot Stocks to Watch
04/22/201419:18:45Correction to Yum Earnings Story
04/22/201418:59:34Yum's Profit Improves as China Sales Recover -- Update
04/22/201418:30:10Yum's Profit Improves as China Sales Recover
04/22/201414:38:17MARKET SNAPSHOT: U.S. Stocks Rise; Netflix Jumps On Results
04/22/201414:29:14McDonald's Plans Marketing Push as Profit Slides -- 3rd Update
04/20/201406:17:33MARKET SNAPSHOT: Long View On Stocks Is Best During Weak Earnings...
03/28/201412:35:00Yum Brands Unveils New Segment Reporting Structure -- Update
03/28/201412:30:44Yum Brands Combines Existing Divisions Into Global Brand Segments
03/27/201405:20:46Yum Bids to Regain Consumer Confidence in China With New Menu
03/21/201419:38:47Yum CEO's Total Pay Drops 29% to $10 Million in 2013
03/06/201416:43:39MARKET SNAPSHOT: U.S. Stocks Rise: S&P 500 At Record
03/06/201413:29:00MARKET SNAPSHOT: U.S. Stocks: S&P 500 Eyes Record Close
03/06/201411:00:04MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Hits Intraday High
02/04/201417:25:41MARKET SNAPSHOT: U.S. Stocks Rise; Michael Kors, Yum Brands Climb
02/04/201414:34:11MARKET SNAPSHOT: Michael Kors, Yum Brands Jump On Earnings

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