Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 27, 2022, Benjamin Coutee resigned from his position as Chief Operating
Officer of Luby's, Inc. (the "Company") effective immediately. Mr. Coutee's
resignation was not as a result of any disagreement with the Company relating to
its operations, policies or practices.
Additionally, on March 31, 2022, the Company and Mr. Coutee entered into a final
separation agreement and release pursuant to which Mr. Coutee will be entitled
to receive a lump sum amount equal to 100% of his base salary, the immediate
vesting of 30,000 shares of restricted stock and the remaining cash bonus
payment earned by Mr. Coutee in an amount equal to $15,000 and Mr. Coutee will
provide the Company with a release of claims in favor of the Company.
.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
LUBY'S, INC. 
