El Pollo Loco repurchased 1.53M shares from FS Equity Partners

According to a regulatory filing, on May 23, 2024, El Pollo Loco Holdings entered into a Stock Repurchase Agreement with FS Equity Partners V, L.P. and FS Affiliates V, L.P., pursuant to which the Company agreed to purchase an aggregate of 1,534,303 shares of the Company’s common stock, par value $0.01 per share, from the Sellers at a price of $9.785 per share, representing the closing price of such shares as listed on Nasdaq on May 23, 2024, less a discount of five percent, for a total purchase price of $15,013,154.86. The repurchase was completed on May 29, 2024. The Company previously repurchased 1,500,000 shares of Common Stock from the Sellers pursuant to a Stock Repurchase Agreement dated November 29, 2023 and 2,500,000 shares of Common Stock from the Sellers pursuant to a Stock Repurchase Agreement dated August 7, 2023, as previously reported on Current Reports on Form 8-K filed with the Securities and Exchange Commission on December 4, 2023 and August 8, 2023, respectively. John Roth, a former director of the Company until his resignation effective August 16, 2023, is a general partner and chief executive officer of Freeman Spogli & Co., which manages the Sellers. The foregoing summary of the Repurchase Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Repurchase Agreement, which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.