Engaged Capital, LLC intends to nominate two directors to Portillo's Board at upcoming meeting.

From GlobeNewswire: 2025-03-03 18:59:57

Portillo’s Inc. received a letter from Engaged Capital, LLC indicating its intent to nominate two directors to its Board at the 2025 Annual Meeting of Shareholders. The Board is focused on driving value, improving margins, and expanding the brand’s reach. Portillo’s is implementing strategies like loyalty programs, kiosks, and operational enhancements to boost growth. The Board will present its director nominations in the proxy materials for the meeting. Shareholders are advised to await further instructions. Financial advisor BofA Securities and legal counsel Sidley Austin LLP are assisting Portillo’s. The Company encourages shareholders to stay informed and participate in the upcoming meeting.



Read more at GlobeNewswire: Portillo’s Affirms Commitment to Shareholder Value