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[8-K] Darden Restaurants, Inc. Reports Material Event

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

Darden Restaurants, Inc. (NYSE: DRI) filed an 8-K on 20 June 2025 disclosing two material events.

1. Financial & capital-allocation update (Item 2.02)
The company furnished a news release (Exhibit 99.1) announcing its fiscal 2025 Q4 and full-year results. While specific figures are contained in the exhibit rather than the 8-K body, management highlighted three shareholder-friendly actions:

  • Quarterly dividend increased (exact amount not stated in the filing).
  • New US$1 billion share-repurchase program authorised, replacing prior authorisations.
  • Initial fiscal 2026 outlook to be discussed on the accompanying earnings call; slide deck to be posted on the investor-relations website.
The disclosure is furnished, not filed, meaning it does not carry Exchange Act Section 18 liability and is not automatically incorporated into Securities Act filings.

2. Leadership transition (Item 5.02)
Dan Kiernan, President of Olive Garden, will retire effective 31 August 2025. The Board appointed John Wilkerson (currently President, Cheddar’s Scratch Kitchen) as President-elect, Olive Garden, effective 23 June 2025 and full President effective 1 September 2025. Wilkerson and Kiernan will work together through the transition period to ensure operational continuity.

Investor take-away: The filing combines a capital-return announcement—typically viewed favourably by shareholders—with an internally sourced leadership change at the company’s largest brand. The absence of detailed financial metrics within the filing limits immediate quantitative analysis, but the dividend hike and sizeable buyback suggest confidence in cash-flow generation entering fiscal 2026.

Darden Restaurants, Inc. (NYSE: DRI) ha presentato un modulo 8-K il 20 giugno 2025 rivelando due eventi significativi.

1. Aggiornamento finanziario e sull'allocazione del capitale (Voce 2.02)
La società ha fornito un comunicato stampa (Allegato 99.1) che annuncia i risultati del quarto trimestre e dell'intero anno fiscale 2025. Sebbene i dati specifici siano contenuti nell'allegato e non nel corpo del 8-K, la direzione ha evidenziato tre azioni favorevoli agli azionisti:

  • Aumento del dividendo trimestrale (importo esatto non indicato nel documento).
  • Autorizzazione a un nuovo programma di riacquisto azionario da 1 miliardo di dollari USA, che sostituisce le autorizzazioni precedenti.
  • Previsioni iniziali per l'anno fiscale 2026 che saranno discusse nella conference call sui risultati; la presentazione sarà pubblicata sul sito web delle relazioni con gli investitori.
La comunicazione è fornita, non depositata, il che significa che non comporta responsabilità ai sensi della Sezione 18 del Securities Exchange Act e non è automaticamente incorporata nei documenti del Securities Act.

2. Transizione nella leadership (Voce 5.02)
Dan Kiernan, Presidente di Olive Garden, andrà in pensione a partire dal 31 agosto 2025. Il Consiglio ha nominato John Wilkerson (attualmente Presidente di Cheddar’s Scratch Kitchen) come Presidente designato di Olive Garden, con effetto dal 23 giugno 2025, e come Presidente effettivo dal 1° settembre 2025. Wilkerson e Kiernan lavoreranno insieme durante il periodo di transizione per garantire la continuità operativa.

Considerazioni per gli investitori: Il documento combina un annuncio di ritorno del capitale — generalmente visto favorevolmente dagli azionisti — con un cambio di leadership interno nel marchio più grande della società. L'assenza di metriche finanziarie dettagliate nel documento limita un'analisi quantitativa immediata, ma l'aumento del dividendo e il consistente programma di riacquisto indicano fiducia nella generazione di flussi di cassa per l'anno fiscale 2026.

Darden Restaurants, Inc. (NYSE: DRI) presentó un formulario 8-K el 20 de junio de 2025 divulgando dos eventos materiales.

1. Actualización financiera y sobre asignación de capital (Ítem 2.02)
La compañía proporcionó un comunicado de prensa (Exhibición 99.1) anunciando sus resultados del cuarto trimestre fiscal 2025 y del año completo. Aunque las cifras específicas están contenidas en la exhibición y no en el cuerpo del 8-K, la gerencia destacó tres acciones favorables para los accionistas:

  • Aumento del dividendo trimestral (monto exacto no declarado en el documento).
  • Autorización de un nuevo programa de recompra de acciones por 1.000 millones de dólares, que reemplaza autorizaciones previas.
  • Perspectiva inicial para el ejercicio fiscal 2026 que se discutirá en la llamada de resultados; la presentación estará disponible en el sitio web de relaciones con inversionistas.
La divulgación es suministrada, no presentada, lo que significa que no conlleva responsabilidad bajo la Sección 18 del Exchange Act y no se incorpora automáticamente en los documentos del Securities Act.

2. Transición en el liderazgo (Ítem 5.02)
Dan Kiernan, Presidente de Olive Garden, se retirará efectivo el 31 de agosto de 2025. La Junta nombró a John Wilkerson (actualmente Presidente de Cheddar’s Scratch Kitchen) como Presidente electo de Olive Garden, con efecto desde el 23 de junio de 2025, y como Presidente pleno desde el 1 de septiembre de 2025. Wilkerson y Kiernan trabajarán juntos durante el período de transición para asegurar la continuidad operativa.

Conclusión para inversionistas: El documento combina un anuncio de retorno de capital — generalmente bien recibido por los accionistas — con un cambio de liderazgo interno en la marca más grande de la compañía. La ausencia de métricas financieras detalladas limita un análisis cuantitativo inmediato, pero el aumento del dividendo y la significativa recompra sugieren confianza en la generación de flujo de caja para el ejercicio fiscal 2026.

Darden Restaurants, Inc. (NYSE: DRI)는 2025년 6월 20일 8-K 보고서를 제출하며 두 가지 중요한 사건을 공개했습니다.

1. 재무 및 자본 배분 업데이트 (항목 2.02)
회사는 2025 회계연도 4분기 및 연간 실적을 발표하는 보도자료(첨부문서 99.1)를 제공했습니다. 구체적인 수치는 8-K 본문이 아닌 첨부문서에 포함되어 있으나, 경영진은 주주 친화적인 세 가지 조치를 강조했습니다:

  • 분기 배당금 인상 (보고서에는 정확한 금액 미기재).
  • 기존 승인된 프로그램을 대체하는 10억 달러 규모의 신규 자사주 매입 프로그램 승인.
  • 2026 회계연도 전망은 실적 발표 컨퍼런스 콜에서 논의될 예정이며, 슬라이드 자료는 투자자 관계 웹사이트에 게시됩니다.
이 공개는 제출(filed)이 아닌 제공(furnished) 방식으로, 이는 증권거래법 섹션 18 책임이 없으며 증권법 문서에 자동으로 통합되지 않음을 의미합니다.

2. 리더십 교체 (항목 5.02)
Olive Garden의 사장 Dan Kiernan이 2025년 8월 31일부로 은퇴할 예정입니다. 이사회는 현재 Cheddar’s Scratch Kitchen 사장인 John Wilkerson을 Olive Garden 사장 당선인으로 2025년 6월 23일부터 임명했으며, 2025년 9월 1일부터 정식 사장으로 취임합니다. Wilkerson과 Kiernan은 운영의 연속성을 보장하기 위해 전환 기간 동안 함께 협력할 것입니다.

투자자 시사점: 이번 보고서는 일반적으로 주주들에게 긍정적으로 받아들여지는 자본 환원 발표와 회사 최대 브랜드의 내부 출신 리더십 변화를 결합하고 있습니다. 보고서 내 상세한 재무 지표 부재로 즉각적인 정량적 분석은 제한되지만, 배당금 인상과 대규모 자사주 매입은 2026 회계연도의 현금 흐름 창출에 대한 자신감을 시사합니다.

Darden Restaurants, Inc. (NYSE : DRI) a déposé un formulaire 8-K le 20 juin 2025, révélant deux événements importants.

1. Mise à jour financière et allocation du capital (Point 2.02)
La société a fourni un communiqué de presse (Exhibit 99.1) annonçant ses résultats du quatrième trimestre et de l'exercice complet 2025. Bien que les chiffres spécifiques soient contenus dans l'exhibit et non dans le corps du 8-K, la direction a mis en avant trois actions favorables aux actionnaires :

  • Augmentation du dividende trimestriel (montant exact non précisé dans le dépôt).
  • Nouveau programme de rachat d'actions d'un milliard de dollars US autorisé, remplaçant les autorisations précédentes.
  • Perspectives initiales pour l'exercice 2026 qui seront discutées lors de la conférence téléphonique sur les résultats ; le diaporama sera publié sur le site des relations investisseurs.
Cette divulgation est fournie, non déposée, ce qui signifie qu'elle n'engage pas la responsabilité au titre de la Section 18 du Exchange Act et n'est pas automatiquement intégrée dans les documents du Securities Act.

2. Transition de la direction (Point 5.02)
Dan Kiernan, président d'Olive Garden, prendra sa retraite à compter du 31 août 2025. Le conseil d'administration a nommé John Wilkerson (actuellement président de Cheddar’s Scratch Kitchen) comme président désigné d'Olive Garden à compter du 23 juin 2025, et président effectif à partir du 1er septembre 2025. Wilkerson et Kiernan travailleront ensemble pendant la période de transition afin d'assurer la continuité opérationnelle.

Conclusion pour les investisseurs : Le dépôt combine une annonce de retour de capital — généralement bien accueillie par les actionnaires — avec un changement de direction interne à la plus grande marque de la société. L'absence de données financières détaillées limite une analyse quantitative immédiate, mais l'augmentation du dividende et le programme de rachat important suggèrent une confiance dans la génération de flux de trésorerie pour l'exercice 2026.

Darden Restaurants, Inc. (NYSE: DRI) reichte am 20. Juni 2025 ein 8-K ein und gab zwei wesentliche Ereignisse bekannt.

1. Finanz- und Kapitalallokations-Update (Punkt 2.02)
Das Unternehmen stellte eine Pressemitteilung (Anlage 99.1) bereit, die die Ergebnisse des vierten Quartals und des gesamten Geschäftsjahres 2025 ankündigt. Während genaue Zahlen in der Anlage und nicht im Text des 8-K enthalten sind, hob das Management drei aktionärsfreundliche Maßnahmen hervor:

  • Erhöhung der Quartalsdividende (genauer Betrag im Bericht nicht angegeben).
  • Genehmigung eines neuen Aktienrückkaufprogramms über 1 Milliarde US-Dollar, das vorherige Genehmigungen ersetzt.
  • Erste Prognose für das Geschäftsjahr 2026, die in der begleitenden Telefonkonferenz besprochen wird; die Präsentation wird auf der Investor-Relations-Website veröffentlicht.
Die Offenlegung ist bereitgestellt, nicht eingereicht, was bedeutet, dass sie keine Haftung nach Abschnitt 18 des Exchange Act trägt und nicht automatisch in Wertpapierprospekten aufgenommen wird.

2. Führungswechsel (Punkt 5.02)
Dan Kiernan, Präsident von Olive Garden, wird zum 31. August 2025 in den Ruhestand treten. Der Vorstand ernannte John Wilkerson (derzeit Präsident von Cheddar’s Scratch Kitchen) zum designierten Präsidenten von Olive Garden mit Wirkung zum 23. Juni 2025 und zum vollwertigen Präsidenten ab dem 1. September 2025. Wilkerson und Kiernan werden während der Übergangszeit zusammenarbeiten, um einen reibungslosen Betriebsablauf zu gewährleisten.

Investorenausblick: Die Einreichung kombiniert eine Kapitalrückführungsankündigung – die von Aktionären in der Regel positiv bewertet wird – mit einem intern besetzten Führungswechsel bei der größten Marke des Unternehmens. Das Fehlen detaillierter Finanzkennzahlen im Bericht schränkt eine sofortige quantitative Analyse ein, aber die Dividendenerhöhung und das umfangreiche Rückkaufprogramm deuten auf Vertrauen in die Cashflow-Generierung im Geschäftsjahr 2026 hin.

Positive
  • Quarterly dividend increased, signalling confidence in operating cash flow.
  • Board authorised a new US$1 billion share-repurchase program, potentially 4-5 % of shares outstanding.
  • Provided a fiscal 2026 outlook and posted supporting slides, enhancing transparency.
  • Leadership transition is internally filled, reducing integration risk.
Negative
  • Filing omits detailed financial metrics; investors must reference Exhibit 99.1 for numbers.
  • Retirement of Olive Garden president introduces execution risk if transition falters.

Insights

Darden announces planned leadership transition at Olive Garden alongside upcoming dividend increase and $1B share repurchase authorization.

This 8-K filing reveals a significant leadership transition at Darden's flagship Olive Garden brand. Dan Kiernan, current President of Olive Garden, will retire effective August 31, 2025, with John Wilkerson, President of Cheddar's Scratch Kitchen, appointed as his successor. The company has implemented a methodical transition plan, with Wilkerson assuming a President-elect role beginning June 23, working alongside Kiernan for over two months to ensure operational continuity.

The internal promotion demonstrates Darden's succession depth and commitment to leadership development across its brand portfolio. Moving a president from Cheddar's to the larger Olive Garden operation suggests confidence in Wilkerson's operational capabilities. The structured handover period indicates this is a planned succession rather than an unexpected departure, which should minimize disruption to Olive Garden's operations.

Notably, the filing also references an upcoming announcement of fiscal 2025 results that will include a dividend increase and authorization of a new $1 billion share repurchase program. These capital return initiatives signal management's confidence in Darden's financial health and future cash flow generation. The substantial repurchase authorization in particular suggests leadership believes in the company's long-term value proposition while providing potential support for the stock price.

Darden Restaurants, Inc. (NYSE: DRI) ha presentato un modulo 8-K il 20 giugno 2025 rivelando due eventi significativi.

1. Aggiornamento finanziario e sull'allocazione del capitale (Voce 2.02)
La società ha fornito un comunicato stampa (Allegato 99.1) che annuncia i risultati del quarto trimestre e dell'intero anno fiscale 2025. Sebbene i dati specifici siano contenuti nell'allegato e non nel corpo del 8-K, la direzione ha evidenziato tre azioni favorevoli agli azionisti:

  • Aumento del dividendo trimestrale (importo esatto non indicato nel documento).
  • Autorizzazione a un nuovo programma di riacquisto azionario da 1 miliardo di dollari USA, che sostituisce le autorizzazioni precedenti.
  • Previsioni iniziali per l'anno fiscale 2026 che saranno discusse nella conference call sui risultati; la presentazione sarà pubblicata sul sito web delle relazioni con gli investitori.
La comunicazione è fornita, non depositata, il che significa che non comporta responsabilità ai sensi della Sezione 18 del Securities Exchange Act e non è automaticamente incorporata nei documenti del Securities Act.

2. Transizione nella leadership (Voce 5.02)
Dan Kiernan, Presidente di Olive Garden, andrà in pensione a partire dal 31 agosto 2025. Il Consiglio ha nominato John Wilkerson (attualmente Presidente di Cheddar’s Scratch Kitchen) come Presidente designato di Olive Garden, con effetto dal 23 giugno 2025, e come Presidente effettivo dal 1° settembre 2025. Wilkerson e Kiernan lavoreranno insieme durante il periodo di transizione per garantire la continuità operativa.

Considerazioni per gli investitori: Il documento combina un annuncio di ritorno del capitale — generalmente visto favorevolmente dagli azionisti — con un cambio di leadership interno nel marchio più grande della società. L'assenza di metriche finanziarie dettagliate nel documento limita un'analisi quantitativa immediata, ma l'aumento del dividendo e il consistente programma di riacquisto indicano fiducia nella generazione di flussi di cassa per l'anno fiscale 2026.

Darden Restaurants, Inc. (NYSE: DRI) presentó un formulario 8-K el 20 de junio de 2025 divulgando dos eventos materiales.

1. Actualización financiera y sobre asignación de capital (Ítem 2.02)
La compañía proporcionó un comunicado de prensa (Exhibición 99.1) anunciando sus resultados del cuarto trimestre fiscal 2025 y del año completo. Aunque las cifras específicas están contenidas en la exhibición y no en el cuerpo del 8-K, la gerencia destacó tres acciones favorables para los accionistas:

  • Aumento del dividendo trimestral (monto exacto no declarado en el documento).
  • Autorización de un nuevo programa de recompra de acciones por 1.000 millones de dólares, que reemplaza autorizaciones previas.
  • Perspectiva inicial para el ejercicio fiscal 2026 que se discutirá en la llamada de resultados; la presentación estará disponible en el sitio web de relaciones con inversionistas.
La divulgación es suministrada, no presentada, lo que significa que no conlleva responsabilidad bajo la Sección 18 del Exchange Act y no se incorpora automáticamente en los documentos del Securities Act.

2. Transición en el liderazgo (Ítem 5.02)
Dan Kiernan, Presidente de Olive Garden, se retirará efectivo el 31 de agosto de 2025. La Junta nombró a John Wilkerson (actualmente Presidente de Cheddar’s Scratch Kitchen) como Presidente electo de Olive Garden, con efecto desde el 23 de junio de 2025, y como Presidente pleno desde el 1 de septiembre de 2025. Wilkerson y Kiernan trabajarán juntos durante el período de transición para asegurar la continuidad operativa.

Conclusión para inversionistas: El documento combina un anuncio de retorno de capital — generalmente bien recibido por los accionistas — con un cambio de liderazgo interno en la marca más grande de la compañía. La ausencia de métricas financieras detalladas limita un análisis cuantitativo inmediato, pero el aumento del dividendo y la significativa recompra sugieren confianza en la generación de flujo de caja para el ejercicio fiscal 2026.

Darden Restaurants, Inc. (NYSE: DRI)는 2025년 6월 20일 8-K 보고서를 제출하며 두 가지 중요한 사건을 공개했습니다.

1. 재무 및 자본 배분 업데이트 (항목 2.02)
회사는 2025 회계연도 4분기 및 연간 실적을 발표하는 보도자료(첨부문서 99.1)를 제공했습니다. 구체적인 수치는 8-K 본문이 아닌 첨부문서에 포함되어 있으나, 경영진은 주주 친화적인 세 가지 조치를 강조했습니다:

  • 분기 배당금 인상 (보고서에는 정확한 금액 미기재).
  • 기존 승인된 프로그램을 대체하는 10억 달러 규모의 신규 자사주 매입 프로그램 승인.
  • 2026 회계연도 전망은 실적 발표 컨퍼런스 콜에서 논의될 예정이며, 슬라이드 자료는 투자자 관계 웹사이트에 게시됩니다.
이 공개는 제출(filed)이 아닌 제공(furnished) 방식으로, 이는 증권거래법 섹션 18 책임이 없으며 증권법 문서에 자동으로 통합되지 않음을 의미합니다.

2. 리더십 교체 (항목 5.02)
Olive Garden의 사장 Dan Kiernan이 2025년 8월 31일부로 은퇴할 예정입니다. 이사회는 현재 Cheddar’s Scratch Kitchen 사장인 John Wilkerson을 Olive Garden 사장 당선인으로 2025년 6월 23일부터 임명했으며, 2025년 9월 1일부터 정식 사장으로 취임합니다. Wilkerson과 Kiernan은 운영의 연속성을 보장하기 위해 전환 기간 동안 함께 협력할 것입니다.

투자자 시사점: 이번 보고서는 일반적으로 주주들에게 긍정적으로 받아들여지는 자본 환원 발표와 회사 최대 브랜드의 내부 출신 리더십 변화를 결합하고 있습니다. 보고서 내 상세한 재무 지표 부재로 즉각적인 정량적 분석은 제한되지만, 배당금 인상과 대규모 자사주 매입은 2026 회계연도의 현금 흐름 창출에 대한 자신감을 시사합니다.

Darden Restaurants, Inc. (NYSE : DRI) a déposé un formulaire 8-K le 20 juin 2025, révélant deux événements importants.

1. Mise à jour financière et allocation du capital (Point 2.02)
La société a fourni un communiqué de presse (Exhibit 99.1) annonçant ses résultats du quatrième trimestre et de l'exercice complet 2025. Bien que les chiffres spécifiques soient contenus dans l'exhibit et non dans le corps du 8-K, la direction a mis en avant trois actions favorables aux actionnaires :

  • Augmentation du dividende trimestriel (montant exact non précisé dans le dépôt).
  • Nouveau programme de rachat d'actions d'un milliard de dollars US autorisé, remplaçant les autorisations précédentes.
  • Perspectives initiales pour l'exercice 2026 qui seront discutées lors de la conférence téléphonique sur les résultats ; le diaporama sera publié sur le site des relations investisseurs.
Cette divulgation est fournie, non déposée, ce qui signifie qu'elle n'engage pas la responsabilité au titre de la Section 18 du Exchange Act et n'est pas automatiquement intégrée dans les documents du Securities Act.

2. Transition de la direction (Point 5.02)
Dan Kiernan, président d'Olive Garden, prendra sa retraite à compter du 31 août 2025. Le conseil d'administration a nommé John Wilkerson (actuellement président de Cheddar’s Scratch Kitchen) comme président désigné d'Olive Garden à compter du 23 juin 2025, et président effectif à partir du 1er septembre 2025. Wilkerson et Kiernan travailleront ensemble pendant la période de transition afin d'assurer la continuité opérationnelle.

Conclusion pour les investisseurs : Le dépôt combine une annonce de retour de capital — généralement bien accueillie par les actionnaires — avec un changement de direction interne à la plus grande marque de la société. L'absence de données financières détaillées limite une analyse quantitative immédiate, mais l'augmentation du dividende et le programme de rachat important suggèrent une confiance dans la génération de flux de trésorerie pour l'exercice 2026.

Darden Restaurants, Inc. (NYSE: DRI) reichte am 20. Juni 2025 ein 8-K ein und gab zwei wesentliche Ereignisse bekannt.

1. Finanz- und Kapitalallokations-Update (Punkt 2.02)
Das Unternehmen stellte eine Pressemitteilung (Anlage 99.1) bereit, die die Ergebnisse des vierten Quartals und des gesamten Geschäftsjahres 2025 ankündigt. Während genaue Zahlen in der Anlage und nicht im Text des 8-K enthalten sind, hob das Management drei aktionärsfreundliche Maßnahmen hervor:

  • Erhöhung der Quartalsdividende (genauer Betrag im Bericht nicht angegeben).
  • Genehmigung eines neuen Aktienrückkaufprogramms über 1 Milliarde US-Dollar, das vorherige Genehmigungen ersetzt.
  • Erste Prognose für das Geschäftsjahr 2026, die in der begleitenden Telefonkonferenz besprochen wird; die Präsentation wird auf der Investor-Relations-Website veröffentlicht.
Die Offenlegung ist bereitgestellt, nicht eingereicht, was bedeutet, dass sie keine Haftung nach Abschnitt 18 des Exchange Act trägt und nicht automatisch in Wertpapierprospekten aufgenommen wird.

2. Führungswechsel (Punkt 5.02)
Dan Kiernan, Präsident von Olive Garden, wird zum 31. August 2025 in den Ruhestand treten. Der Vorstand ernannte John Wilkerson (derzeit Präsident von Cheddar’s Scratch Kitchen) zum designierten Präsidenten von Olive Garden mit Wirkung zum 23. Juni 2025 und zum vollwertigen Präsidenten ab dem 1. September 2025. Wilkerson und Kiernan werden während der Übergangszeit zusammenarbeiten, um einen reibungslosen Betriebsablauf zu gewährleisten.

Investorenausblick: Die Einreichung kombiniert eine Kapitalrückführungsankündigung – die von Aktionären in der Regel positiv bewertet wird – mit einem intern besetzten Führungswechsel bei der größten Marke des Unternehmens. Das Fehlen detaillierter Finanzkennzahlen im Bericht schränkt eine sofortige quantitative Analyse ein, aber die Dividendenerhöhung und das umfangreiche Rückkaufprogramm deuten auf Vertrauen in die Cashflow-Generierung im Geschäftsjahr 2026 hin.

DARDEN RESTAURANTS INC0000940944false00009409442025-06-132025-06-13


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: June 13, 2025
(Date of earliest event reported)
DARDEN RESTAURANTS, INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 1-13666
 
Florida59-3305930
(State or other jurisdiction of incorporation)(IRS Employer Identification No.)
1000 Darden Center Drive, Orlando, Florida 32837
(Address of principal executive offices, including zip code)
(407) 245-4000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
 
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:
☐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 classTrading SymbolName of each exchange on which registered
Common Stock, without par valueDRINew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2).
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 2.02Results of Operations and Financial Condition.

On June 20, 2025, Darden Restaurants, Inc. (the Company) issued a news release entitled “Darden Restaurants Reports Fiscal 2025 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; Authorizes New $1 Billion Share Repurchase Program; And Provides Fiscal 2026 Outlook,” a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K. In addition, the slide presentation accompanying the Company’s conference call will be posted on the Company’s website.

As provided in General Instruction B.2 of Form 8-K, the information in this Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, 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 2.02 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 (the Securities Act), except as expressly set forth by specific reference in such filing.

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

On June 13, 2025, Dan Kiernan, the Company’s President, Olive Garden, notified the Company of his intent to retire. The effective date of his retirement is August 31, 2025. On June 18, 2025, the Company’s Board of Directors approved the appointment of John Wilkerson, currently the Company’s President, Cheddar’s Scratch Kitchen, to the office of President, Olive Garden, effective September 1, 2025. Effective on June 23, 2025, Mr. Wilkerson will no longer serve as President, Cheddar’s Scratch Kitchen and will assume the role of President-elect, Olive Garden. Mr. Wilkerson will work with Mr. Kiernan until his retirement date to ensure a smooth leadership transition.

Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
Exhibit
Number		Description of Exhibit
99.1
News release dated June 20, 2025 entitled “Darden Restaurants Reports Fiscal 2025 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; Authorizes New $1 Billion Share Repurchase Program; And Provides Fiscal 2026 Outlook”
104Cover Page Interactive Data File (embedded within the Inline XBRL document).


2

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 hereunto duly authorized.
 
DARDEN RESTAURANTS, INC.
By:/s/ Rajesh Vennam
Rajesh Vennam
Senior Vice President, Chief Financial Officer
Date: June 20, 2025


3

Source: View Original Filing on SEC EDGAR

FAQ

When will Dan Kiernan retire from Darden Restaurants (DRI)?

August 31, 2025 is the effective retirement date.

Who is the new President of Olive Garden at Darden Restaurants?

The Board appointed John Wilkerson, effective September 1, 2025.

How large is Darden Restaurants' new share-repurchase programme?

The company authorised a US$1 billion buyback.

Did Darden Restaurants increase its dividend in this 8-K filing?

Yes. The news release states the quarterly dividend was increased (exact amount not disclosed here).

Where can investors find detailed fiscal 2025 results for DRI?

Financial metrics are in Exhibit 99.1 and the slide deck posted on Darden’s investor-relations website.
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Darden Restaurants Inc

NYSE:DRI

DRI Rankings

#456 Ranked by Market Cap
#1208 Ranked by Dividends

DRI Latest News

Jun 20, 2025
Darden Restaurants Reports Fiscal 2025 Fourth Quarter and Full Year Results; Increases Quarterly Dividend; Authorizes New $1 Billion Share Repurchase Program; And Provides Fiscal 2026 Outlook
May 22, 2025
Darden Restaurants to Host Fiscal 2025 Fourth Quarter Conference Call on June 20
Mar 20, 2025
Darden and Uber Continue Partnership with On-Demand Delivery Pilot at Cheddar's Scratch Kitchen
Mar 20, 2025
Darden Restaurants Reports Fiscal 2025 Third Quarter Results; Declares Quarterly Dividend; And Updates Fiscal 2025 Financial Outlook
Mar 3, 2025
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DRI Latest SEC Filings

Jun 27, 2025
[Form 4] Darden Restaurants, Inc. Insider Trading Activity
Jun 26, 2025
[Form 4] Darden Restaurants, Inc. Insider Trading Activity
Jun 26, 2025
[Form 4] Darden Restaurants, Inc. Insider Trading Activity
Jun 26, 2025
[Form 4] Darden Restaurants, Inc. Insider Trading Activity
Jun 25, 2025
[144] Darden Restaurants, Inc. SEC Filing

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26.42B
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3.93%
Restaurants
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