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Dine Brands (NYSE: DIN) elevates IHOP president to Chief Commercial Officer role

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Dine Brands Global, Inc. appointed Lawrence Y. Kim, currently President of the IHOP business unit, to the additional role of Chief Commercial Officer, effective June 1, 2026. This expands his responsibilities across the corporation’s commercial strategy.

In connection with the new role, Mr. Kim’s base salary was increased to $850,000, and his target annual bonus was set at 125% of base salary, effective June 1, 2026. Starting in 2027, he will be eligible for annual long-term equity incentive awards with a target grant date value of $2,000,000, aligned with awards granted to other executive officers.

Mr. Kim will also receive a one-time Performance Retention Grant of restricted stock units with a maximum grant date value of $3,000,000, scheduled to vest on June 15, 2029, subject to achieving specified performance targets and remaining continuously employed by the company.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Base salary $850,000 Mr. Kim’s base salary effective June 1, 2026
Target annual bonus 125% of base salary Mr. Kim’s target bonus opportunity effective June 1, 2026
Annual equity incentive target $2,000,000 Target grant date value for long-term equity awards beginning in 2027
Performance Retention Grant $3,000,000 max Maximum grant date value of one-time RSU retention award
Retention grant vesting date June 15, 2029 Scheduled vesting date for Performance Retention Grant RSUs
Chief Commercial Officer financial
"appointed Lawrence Y. Kim, President, IHOP Business Unit, to the additional position of Chief Commercial Officer"
A chief commercial officer (CCO) is the senior executive responsible for a company’s revenue-generating activities, including sales, marketing, pricing, customer relationships and business development. Think of the CCO as the head coach who builds the game plan to win customers and grow sales; their effectiveness affects how fast a company earns money, enters new markets and sustains profits, making the role a key signal for investors about future revenue and competitive strength.
long-term equity incentive awards financial
"Beginning in 2027, Mr. Kim will be eligible to receive annual long-term equity incentive awards"
restricted stock units financial
"a one-time retention award (the “Performance Retention Grant”) in the form of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Retention Grant financial
"The Performance Retention Grant is scheduled to vest on June 15, 2029"
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Understanding 8-K Material Events →
false 0000049754 0000049754 2026-06-01 2026-06-01
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): June 1, 2026

 

 

Dine Brands Global, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   001-15283   95-3038279

(State or other jurisdiction of

incorporation or organization)

  

(Commission

File No.)

  

(I.R.S. Employer

Identification No.)

 

10 West Walnut Street, 5th Floor  
Pasadena, California   91103
(Address of principal executive offices)   (Zip Code)

(818) 240-6055

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading

symbol(s)

  

Name of each exchange

on which registered

Common Stock, $.01 Par Value   DIN   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 1, 2026, the board of directors of Dine Brands Global, Inc., a Delaware corporation (the “Corporation”), appointed Lawrence Y. Kim, President, IHOP Business Unit, to the additional position of Chief Commercial Officer of the Corporation, effective as of June 1, 2026.

In connection with the appointment, the compensation committee of the board of directors of the Corporation increased Mr. Kim’s base salary and target annual bonus opportunity to $850,000 and 125% of base salary, respectively, effective as of June 1, 2026. Beginning in 2027, Mr. Kim will be eligible to receive annual long-term equity incentive awards from the Corporation with a target grant date value of $2,000,000, which will be granted in the same form as the annual grants to the Corporation’s other executive officers.

In addition, Mr. Kim will receive a one-time retention award (the “Performance Retention Grant”) in the form of restricted stock units, with a maximum grant date value of $3,000,000. The Performance Retention Grant is scheduled to vest on June 15, 2029, subject to Mr. Kim achieving certain performance targets and his continuous employment with the Corporation.

 

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit
Number		   

Description

104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: June 2, 2026   DINE BRANDS GLOBAL, INC.
    By:  

/s/ Christine K. Son

     

Christine K. Son

Senior Vice President, Legal, General Counsel and Secretary

Source: View Original Filing on SEC EDGAR

FAQ

What executive change did Dine Brands (DIN) announce on June 1, 2026?

Dine Brands appointed Lawrence Y. Kim, President of the IHOP business unit, to the additional role of Chief Commercial Officer effective June 1, 2026. This expands his responsibilities from leading IHOP to overseeing broader commercial strategy for the entire corporation.

How is Lawrence Y. Kim’s compensation changing at Dine Brands (DIN)?

Mr. Kim’s base salary was increased to $850,000, and his target annual bonus was set at 125% of base salary, effective June 1, 2026. These changes reflect his expanded responsibilities as both President, IHOP Business Unit, and Chief Commercial Officer.

What long-term equity incentives will Lawrence Y. Kim receive from Dine Brands (DIN)?

Beginning in 2027, Mr. Kim will be eligible for annual long-term equity incentive awards with a target grant date value of $2,000,000. These awards will be granted in the same form as the annual grants provided to Dine Brands’ other executive officers.

What is the Performance Retention Grant awarded to Lawrence Y. Kim at Dine Brands (DIN)?

Mr. Kim will receive a one-time Performance Retention Grant of restricted stock units with a maximum grant date value of $3,000,000. The award is scheduled to vest on June 15, 2029, subject to performance targets and continuous employment with Dine Brands.

When will Lawrence Y. Kim’s Performance Retention Grant at Dine Brands (DIN) vest?

The restricted stock units under the Performance Retention Grant are scheduled to vest on June 15, 2029. Vesting depends on Mr. Kim achieving specified performance targets and maintaining continuous employment with Dine Brands Global, Inc. through that date.

Filing Exhibits & Attachments

3 documents

Other Documents