WEN news

The Wendy's Company board approved the rights, preferences, and limitations for Series A Junior Participating Preferred Stock. The issuance could increase dilution and alter the company's capital structure.

The fast-food chain reported a 6.5% decline in global systemwide sales, cut its dividend, and withdrew its 2026 outlook as new leadership formulates a turnaround plan.

Wendy's Company announced Steve Cirulis will succeed Ken Cook as CFO and CSO in 2026. This leadership change highlights the company's commitment to its turnaround strategy driven by financial and operational expertise.

Wendy's Board adopted a First Amendment to its 2020 Omnibus Award Plan, increasing the share reserve to 50,500,000 shares subject to stockholder approval, effective April 1, 2026. The amendment adjusts the counting mechanism for different award types and prohibits future grants under the Prior Plan.

Wendy's Board of Directors appointed Robert D. Wright as President and Chief Executive Officer, effective May 21, 2026, with prior experience including CEO roles at Potbelly Corporation and multiple senior positions at Wendy's. The appointment signals leadership continuity and strategic focus on ope…