Definitive proxy statements

Pay vs Performance Disclosure

v3.24.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 25, 2022
Dec. 26, 2021
Dec. 27, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE DISCLOSURE
The following table sets forth information concerning the relationship between executive compensation actually paid and certain financial performance of the Company for each of the last three fiscal years. For further information concerning the Company’s variable pay-for-performance philosophy and how the Company’s aligns executive compensation with the Company’s performance, refer to “Executive Compensation—Compensation Discussion and Analysis.”
Year
Summary
Compensation
Table Total for
Mr. Hart(1)
Summary
Compensation
Table Total for
Mr. Murphy(1)
Compensation
Actually Paid
to Mr. Hart(2)
Compensation
Actually Paid
to Mr. Murphy(2)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs(3)
Average
Compensation
Actually Paid
to Non-PEO
NEOs(4)
Value of Initial Fixed $100
Investment Based On:
Net
Income
(Loss)
(millions)(7)
Adjusted
EBITDA
(millions)(8)
Total
Shareholder
Return(5)
Peer Group
Total
Shareholder
Return(6)
2023
$ 8,463,446 N/A $ 10,256,343 N/A $ 1,265,792 $ 1,344,740 $ 40.19 $ 118.36 $ (21.2) $ 68.9
2022
$ 3,154,080 $ 5,203,896 $ 2,441,211 $ (2,217,630) $ 1,038,702 $ 353,016 $ 18.37 $ 99.91 $ (78.9) $ 52.1
2021
N/A $ 5,359,783 N/A $ 1,204,535 $ 1,235,919 $ 608,244 $ 55.30 $ 125.81 $ (50.4) $ 63.1
2020
N/A $ 5,117,133 N/A $ 6,958,668 $ 1,047,121 $ 1,000,167 $ 64.78 $ 129.74 $ (276.1) $ (33.1)
(1)
The dollar amounts reported in these columns are the amounts of total compensation reported for Mr. Hart and Mr. Murphy, respectively, for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation—Executive Compensation Tables—Summary Compensation Table.”
(2)
The dollar amounts reported these columns represent the amount of “compensation actually paid” to Mr. Murphy and Mr. Hart, respectively, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Murphy or Mr. Hart during the applicable year.
Mr. Murphy
Mr. Hart
2022
2021
2020
2023
2022
PEO Summary Compensation Table Total
5,203,896 5,359,783 5,117,133 8,463,446 3,154,080
Grant Date Fair Value of Stock and Option Awards (-)
4,068,150 4,067,922 3,797,618 5,827,592 1,699,252
Fair Value at Year End of Outstanding and Unvested Equity Awards Granted in Year (+)
727,629 1,641,178 6,218,224 5,695,990 986,383
Year over Year Change in Fair Value of
Outstanding and Unvested Equity
Awards (+)
(1,649,936) (2,472,395) (579,071) 1,496,695 N/A
Fair Value as of Vesting Date of Equity
Awards Granted and Vested in
Year (+)
N/A N/A N/A N/A N/A
Year over Year Change in Fair Value of
Equity Awards Granted in Prior
Years that Vested in Year (+)
(687,208) 743,891 N/A 427,804 N/A
Fair Value at the end of the Prior Year of Equity Awards that Fail to Meet Vesting Conditions (-)
1,743,861 N/A N/A N/A N/A
Compensation Actually Paid to PEO
(2,217,630) 1,204,535 6,958,668 10,256,343 2,441,211
(3)
The dollar amounts reported in this column represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Mr. Murphy and Mr. Hart) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Murphy and Mr. Hart) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2023, Todd Wilson, Sarah Mussetter, Kevin Mayer, Jyoti Lynch, Wayne Davis; (ii) for 2022, Lynn Schweinfurth, Todd Wilson, Wayne Davis, Michael Buchmeier, Sarah Mussetter, Jonathan Muhtar, Darla Morse; (iii) for 2021, Lynn Schweinfurth, Jonathan Muhtar, Michael Kaplan, Darla Morse, Michael Buchmeier; and (iv) for 2020, Lynn Schweinfurth, Jonathan Muhtar, Michael Kaplan, Michael Buchmeier, Dean Cookson.
(4)
The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Murphy and Mr. Hart), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. Murphy and Mr. Hart) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Murphy and Mr. Hart) for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
Year
2023
2022
2021
2020
Average Summary Compensation Table Total for
Non-PEO NEOs
1,265,792 1,038,702 1,235,919 1,047,121
Grant Date Fair Value of Stock and Option Awards (-)
504,304 485,920 695,574 542,853
Fair Value at Year End of Outstanding and Unvested Equity Awards Granted in Year (+)
494,986 127,024 283,695 888,867
Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards (+)
58,158 (92,033) (306,438) (179,008)
Fair Value as of Vesting Date of Equity Awards Granted and Vested in Year (+)
N/A N/A N/A N/A
Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in Year (+)
49,028 (19,245) 140,675 (34,100)
Fair Value at the end of the Prior Year of Equity Awards that Fail to Meet Vesting
Conditions (-)
18,920 215,512 50,033 179,860
Compensation Actually Paid to Non-PEO NEOs
1,344,740 353,016 608,244 1,000,167
(5)
Pursuant to SEC Rules, the TSR figures assume an initial investment of $100 on the last day of the fiscal year.
(6)
Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the S&P 600 Restaurant Index.
(7)
The dollar amounts reported represent the amount of net loss reflected in the Company’s audited financial statements included in our annual report for the fiscal year ended December 31, 2023 for the applicable year.
(8)
While the Company uses multiple financial and non-financial performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that Adjusted EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to Company performance.
     
Company Selected Measure Name AdjustedEBITDA      
Named Executive Officers, Footnote
(1)
The dollar amounts reported in these columns are the amounts of total compensation reported for Mr. Hart and Mr. Murphy, respectively, for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation—Executive Compensation Tables—Summary Compensation Table.
(3)
The dollar amounts reported in this column represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Mr. Murphy and Mr. Hart) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Murphy and Mr. Hart) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2023, Todd Wilson, Sarah Mussetter, Kevin Mayer, Jyoti Lynch, Wayne Davis; (ii) for 2022, Lynn Schweinfurth, Todd Wilson, Wayne Davis, Michael Buchmeier, Sarah Mussetter, Jonathan Muhtar, Darla Morse; (iii) for 2021, Lynn Schweinfurth, Jonathan Muhtar, Michael Kaplan, Darla Morse, Michael Buchmeier; and (iv) for 2020, Lynn Schweinfurth, Jonathan Muhtar, Michael Kaplan, Michael Buchmeier, Dean Cookson.
     
Peer Group Issuers, Footnote
(6)
Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the S&P 600 Restaurant Index.
     
Adjustment To PEO Compensation, Footnote
(2)
The dollar amounts reported these columns represent the amount of “compensation actually paid” to Mr. Murphy and Mr. Hart, respectively, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Murphy or Mr. Hart during the applicable year.
Mr. Murphy
Mr. Hart
2022
2021
2020
2023
2022
PEO Summary Compensation Table Total
5,203,896 5,359,783 5,117,133 8,463,446 3,154,080
Grant Date Fair Value of Stock and Option Awards (-)
4,068,150 4,067,922 3,797,618 5,827,592 1,699,252
Fair Value at Year End of Outstanding and Unvested Equity Awards Granted in Year (+)
727,629 1,641,178 6,218,224 5,695,990 986,383
Year over Year Change in Fair Value of
Outstanding and Unvested Equity
Awards (+)
(1,649,936) (2,472,395) (579,071) 1,496,695 N/A
Fair Value as of Vesting Date of Equity
Awards Granted and Vested in
Year (+)
N/A N/A N/A N/A N/A
Year over Year Change in Fair Value of
Equity Awards Granted in Prior
Years that Vested in Year (+)
(687,208) 743,891 N/A 427,804 N/A
Fair Value at the end of the Prior Year of Equity Awards that Fail to Meet Vesting Conditions (-)
1,743,861 N/A N/A N/A N/A
Compensation Actually Paid to PEO
(2,217,630) 1,204,535 6,958,668 10,256,343 2,441,211
     
Non-PEO NEO Average Total Compensation Amount $ 1,265,792 $ 1,038,702 $ 1,235,919 $ 1,047,121
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,344,740 353,016 608,244 1,000,167
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Murphy and Mr. Hart), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. Murphy and Mr. Hart) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Murphy and Mr. Hart) for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
Year
2023
2022
2021
2020
Average Summary Compensation Table Total for
Non-PEO NEOs
1,265,792 1,038,702 1,235,919 1,047,121
Grant Date Fair Value of Stock and Option Awards (-)
504,304 485,920 695,574 542,853
Fair Value at Year End of Outstanding and Unvested Equity Awards Granted in Year (+)
494,986 127,024 283,695 888,867
Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards (+)
58,158 (92,033) (306,438) (179,008)
Fair Value as of Vesting Date of Equity Awards Granted and Vested in Year (+)
N/A N/A N/A N/A
Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in Year (+)
49,028 (19,245) 140,675 (34,100)
Fair Value at the end of the Prior Year of Equity Awards that Fail to Meet Vesting
Conditions (-)
18,920 215,512 50,033 179,860
Compensation Actually Paid to Non-PEO NEOs
1,344,740 353,016 608,244 1,000,167
     
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_tsr-bw.jpg]      
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-bw.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_ebitda-bw.jpg]
     
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_tsr-bw.jpg]      
Tabular List, Table
FINANCIAL PERFORMANCE MEASURES
As described in greater detail in the “Executive Compensation—Compensation Discussion and Analysis,” the Company’s executive compensation program reflects a pay-for-performance philosophy. The metrics that the Company uses for our long-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our stockholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:
2023 Most Important Measures (Unranked)

Adjusted EBITDA

Net Income

Relative Total Shareholder Return (TSR)
     
Total Shareholder Return Amount $ 40.19 18.37 55.3 64.78
Peer Group Total Shareholder Return Amount 118.36 99.91 125.81 129.74
Net Income (Loss) $ (21,200,000) $ (78,900,000) $ (50,400,000) $ (276,100,000)
Company Selected Measure Amount 68,900,000 52,100,000 63,100,000 (33,100,000)
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
Non-GAAP Measure Description
(8)
While the Company uses multiple financial and non-financial performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that Adjusted EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to Company performance.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Net Income      
Measure:: 3        
Pay vs Performance Disclosure        
Name Relative Total Shareholder Return (TSR)      
Mr. Hart [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 8,463,446 $ 3,154,080    
PEO Actually Paid Compensation Amount $ 10,256,343 2,441,211    
PEO Name Mr. Hart      
Mr. Murphy [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount   5,203,896 $ 5,359,783 $ 5,117,133
PEO Actually Paid Compensation Amount   (2,217,630) 1,204,535 6,958,668
PEO Name Mr. Murphy      
PEO | Mr. Hart [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value)        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (5,827,592) (1,699,252)    
PEO | Mr. Hart [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,695,990 986,383    
PEO | Mr. Hart [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,496,695      
PEO | Mr. Hart [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 427,804      
PEO | Mr. Murphy [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value)        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (4,068,150) (4,067,922) (3,797,618)
PEO | Mr. Murphy [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   727,629 1,641,178 6,218,224
PEO | Mr. Murphy [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (1,649,936) (2,472,395) (579,071)
PEO | Mr. Murphy [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (687,208) 743,891  
PEO | Mr. Murphy [Member] | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (1,743,861)    
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value)        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (504,304) (485,920) (695,574) (542,853)
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 494,986 127,024 283,695 888,867
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 58,158 (92,033) (306,438) (179,008)
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 49,028 (19,245) 140,675 (34,100)
Non-PEO NEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (18,920) $ (215,512) $ (50,033) $ (179,860)