El Pollo Loco (LOCO) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 29, 2025, with virtual participation available for shareholders.

• Shareholders are encouraged to review proxy materials and vote by May 28, 2025.

Voting matters and shareholder proposals

• Election of three directors: William Floyd, Douglas Babb, and Nancy Faginas-Cody, with board recommending votes in favor.

• Ratification of BDO USA, P.C. as independent registered public accounting firm for 2025.

• Advisory approval of named executive officer compensation (say-on-pay).

• Amendment to equity incentive plan to increase shares reserved for issuance.

• Amendments to declassify the board and eliminate supermajority voting requirements in the certificate of incorporation.

Board of directors and corporate governance

• Proposal to declassify the board of directors, moving from staggered terms to annual elections.

• Proposal to eliminate supermajority voting requirements, enhancing shareholder influence.