Darden said on December 9, 2024 that its board increased the number of directors from nine to ten and elected Daryl A. Kenningham as a director, effective immediately.

1. 01

   Darden said on December 9, 2024 that its board increased the number of directors from nine to ten and elected Daryl A. Kenningham as a director, effective immediately.

2. 02

   The company said the board appointed Kenningham to the Audit Committee and the Compensation Committee. The board determined that he meets the independence requirements and is an "audit committee financial expert."

3. 03

   The company said Kenningham will receive an annual cash retainer of $100,000 and an annual equity grant with a fair market value of $185,000, paid in restricted stock units under the Director Compensation Program. Committee retainers are $17,500 for the Audit Committee and $12,500 for the Compensation Committee, and all amounts will be prorated for his part-year service.

4. 04

   The company said Kenningham, age 60, has served as President and Chief Executive Officer of Group 1 Automotive since January 2023. It said there were no arrangements or related-party transactions requiring disclosure in connection with his election.

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