Welcome to our dedicated page for Wendys Co SEC filings (Ticker: WEN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Wendy's Company (Nasdaq: WEN) files a range of documents with the U.S. Securities and Exchange Commission that provide detailed insight into its restaurant system, financing structure, governance and strategic priorities. These SEC filings include periodic reports and numerous Form 8‑K current reports that disclose material events affecting the company and its capital structure.
Recent 8‑K filings describe Wendy's use of a securitized financing facility through an indirect wholly owned subsidiary, Wendy's Funding, LLC. In these filings, the company outlines the issuance of Series 2025‑1 5.422% Fixed Rate Senior Secured Notes, Class A‑2, backed by most of its domestic and certain foreign revenue-generating assets, including franchise-related agreements, real estate and intellectual property. The filings explain how proceeds are used to refinance existing notes and debentures, pay transaction costs and support general corporate purposes such as growth initiatives, returns of capital and additional debt repayment.
Other 8‑K reports cover quarterly financial results, including systemwide sales, same-restaurant sales, restaurant openings, adjusted revenues, adjusted EBITDA, earnings per share, free cash flow, dividends and share repurchases. Governance-related filings disclose amendments to the company’s by-laws, leadership transitions, board changes and executive compensation arrangements, providing context on how Wendy's manages oversight and succession.
On this page, Stock Titan surfaces Wendy's SEC filings in real time as they are posted to EDGAR and applies AI-powered summaries to help readers interpret complex documents. For example, AI-generated highlights can clarify key terms in securitization indentures, summarize the impact of by-law amendments, or extract headline metrics from earnings-related 8‑K exhibits. Users can also review filings that relate to capital allocation policies, franchise system economics, and risk factors referenced in forward-looking statement sections.
Together, these filings form the primary regulatory record for The Wendy's Company, offering investors and analysts a structured view of the company’s financial condition, capital structure, governance framework and strategic initiatives.
The Wendy’s Company (WEN) reported Q3 2025 results. Revenue was $549.5 million, down from $566.7 million a year ago, as lower advertising fund revenue and franchise rental income offset slightly higher company-operated sales. Operating profit was $92.0 million versus $94.7 million. Net income was $44.3 million ($0.23 diluted EPS) compared with $50.2 million ($0.25) last year.
For the first nine months, revenue was $1.63 billion and net income $138.6 million ($0.71 diluted EPS). Cash from operations reached $275.3 million, while the company returned cash via $200.8 million of share repurchases and $103.0 million in dividends. Cash and equivalents were $291.4 million at quarter-end. Wendy’s acquired 35 restaurants from a franchisee for $16.9 million, adding $2.5 million of goodwill, and ended the period with 7,363 restaurants systemwide, including 435 company-operated. Management noted the newly enacted OBBBA tax law is expected to favorably affect cash taxes. There were 190,339,781 common shares outstanding as of October 30, 2025.
The Wendy’s Company (WEN) furnished a press release reporting financial results for the fiscal quarter ended September 28, 2025, as Exhibit 99.1. The materials under Item 2.02 are furnished, not filed, and are not incorporated by reference into other filings.
The Board also amended and restated the By-Laws on November 5, 2025. Key updates include:
- Procedures for stockholders to request a record date for action by written consent.
- Information required for written-consent record date requests aligned with annual-meeting disclosures.
- Additional mechanical procedures for action by written consent.
- Removal of the requirement to make a stockholder list available at meetings, consistent with DGCL changes.
- Senior Vice Chair and Vice Chair roles made optional.
- Other technical, conforming, modernizing and clarifying changes.
Kristin A. Dolan, a Wendy's Co (WEN) director, was issued 1,347 shares of Common Stock on 10/01/2025 in lieu of her quarterly board and committee cash retainers. The shares were issued under the company’s 2020 Omnibus Award Plan at a per-share price of $9.72, which is calculated as the average closing price over the 20 trading days immediately before the retainer payment date. Following the issuance, Ms. Dolan beneficially owns 45,144 shares. The filing was submitted by an attorney-in-fact on 10/02/2025 and identifies Ms. Dolan’s reporting relationship as a Director of the issuer.
Peter W. May, a director and 10% owner of Wendy's Co (WEN), received 3,295 shares of Common Stock on 10/01/2025 under the company’s 2020 Omnibus Award Plan in lieu of quarterly cash retainer fees; the per-share price used for the award was $9.72. After this issuance, Mr. May’s reported direct beneficial ownership is 5,532,177 shares. The filing also discloses indirect beneficial ownership of 14,943,466 shares held by Trian Partners entities, for which Trian Fund Management serves as manager and Mr. May may be deemed to share voting and dispositive power. The report was signed by an attorney-in-fact on behalf of Mr. May.
Wendy's Co (WEN) Form 4: Liliana Esposito, Chief Corporate Affairs & Sustainability Officer, received 1,128 restricted stock units (RSUs) as dividend equivalent units on September 16, 2025. Each RSU represents a contingent right to one share of common stock and carries tandem dividend equivalent and tax withholding rights. Following these issuances, Ms. Esposito beneficially owns 78,254 shares of common stock directly. The RSUs vest in scheduled installments between August 2026 and August 2028, subject to continued employment, and were reported on the Form 4 signed by Mark L. Johnson on behalf of the reporting person.
Wendy's Co (WEN) Chief People Officer Matthew Coley O'Brien received multiple restricted stock units and dividend-equivalent units on September 16, 2025. The Form 4 reports issuance of 1,601 restricted stock units and associated dividend-equivalent units that convert to common stock: grants of 264, 27, 72, 206 and 1,032 units, each representing a right to one share. These awards carry tax withholding rights and vest on specified future dates between March 1, 2026 and August 12, 2028, subject to continued employment. Following the reported transactions Mr. O'Brien beneficially owned 110,929 shares.
The filing reports that Lindsay J. Radkoski, CMO, U.S. of The Wendy's Company (WEN), was issued a series of restricted stock units (RSUs) and dividend equivalent units on September 16, 2025. The reported transactions show incremental grants that increase her beneficial ownership of common stock from 109,472 shares to 111,067 shares following the last reported grant. Each RSU represents a contingent right to one share and includes dividend equivalent and tax withholding rights. Vesting schedules vary by tranche, with remaining installments scheduled between August 11, 2026 and August 12, 2028, all subject to continued employment. The form is signed by an attorney-in-fact on behalf of Ms. Radkoski.
Matthew P. Spessard, Chief Information Officer of The Wendy's Company (WEN), reported awards of restricted stock units and related dividend equivalent units on 09/16/2025. The Form 4 shows multiple grants of restricted stock units (RSUs) and dividend-equivalent units that convert to common stock at no cash price, with vesting schedules ranging from one to three future installments between Feb 20, 2026 and Aug 11, 2026 through 2028. After the reported transactions the largest reported post-transaction beneficial ownership figure is 65,062 shares of common stock. The filing was signed by an attorney-in-fact on behalf of Mr. Spessard on 09/18/2025.
Suzanne M. Thuerk, Chief Accounting Officer of Wendy's Co (WEN), received dividend-equivalent restricted stock units on 09/16/2025. The Form 4 reports five grant items totaling 738 restricted stock units that convert to common stock and were issued as dividend equivalents. The filing shows incremental beneficial ownership rising to 51,176 shares following the transactions. Each grant carries specific vesting terms based on continued employment: one vests in a single installment in August 2026, others vest over one to three future installments through December 18, 2027. The units have tax-withholding and dividend-equivalent features and carry no exercise price.
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