Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 6, 2022, the Board of Directors (the "Board") of Ruth's Hospitality
Group, Inc. (the "Company") appointed Kristy Chipman as the Company's Chief
Operating Officer, in addition to her role as Executive Vice President, Chief
Financial Officer and Principal Accounting Officer. Ms. Chipman joined the
Company as its Executive Vice President, Chief Financial Officer and Principal
Accounting Officer in November 2020. In connection with Ms. Chipman's combined
role as Chief Financial Officer and Chief Operating Officer and as part of an
overall compensation review and evaluation, the Compensation Committee of the
Board recommended, and the Board approved, an increase in Ms. Chipman's base
salary to $550,000 per year. Biographical and other information specified in
Item 5.02(c)(2) of Form 8-K regarding Ms. Chipman has been disclosed by the
Company in its Definitive Proxy Statement on Schedule 14A filed with the
Securities and Exchange Commission on April 16, 2021, which information is
incorporated herein by reference.
Cheryl Henry, Chief Executive Officer, President, and Chairperson of the Company
stated, "Kristy has proven to be an invaluable part of the team, and given her
skillset, knowledge and leadership capabilities, both management and the Board
of Directors are thrilled to add the Chief Operating Officer title to her
responsibilities. We look forward to having Kristy as an increasingly important
part of our senior leadership team as we execute against our plan in 2022 and
beyond."
Additionally, as part of the Company's focus on continued unit growth and
expansion, on December 13, 2021, the Company appointed Robert Miles as its Vice
President of Development. Mr. Miles is a seasoned commercial real estate
developer and leader with over thirty years of experience with brands such as J.
Alexander's, Olive Garden, Brio Tuscan Grill, and Stoney River Steakhouse &
Grill.
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Item 7.01. Regulation FD Disclosure
Ruth's Hospitality Group, Inc. will meet with investors and analysts at the
virtual ICR Conference on January 10 - 12, 2022 and at the virtual Jefferies
11th Annual Winter Consumer Summit on January 23 - 25, 2022. During these
meetings, management expects to present a corporate overview and financial
highlights. A copy of the presentation, substantially in the form expected to be
used in such meetings, is furnished herewith as Exhibit 99.1. During these
meetings, the Company plans to share the following information with investors
and analysts.
On January 6, 2022, the Company's Board of Directors approved the reinstatement
of its quarterly dividend program. The Board of Directors declared a quarterly
dividend of $0.12 per share, payable on February 17, 2022, to all common
shareholders of record as of the close of business on February 3, 2022.
The Company signed two new leases during the fourth quarter of fiscal year 2021
for new restaurants in Lakewood Ranch, Florida and Reston, Virginia, which are
scheduled to open in 2023.
The information in this Item 7.01 of this Current Report on Form 8-K shall not
be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities
of that section. The information in this Item 7.01 of this Current Report on
Form 8-K shall not be deemed to be incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Exchange Act, except as expressly
set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
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RUTH'S HOSPITALITY GROUP, INC. 
