8-K - TWNPQ - Equibles

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

WASHINGTON,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

Dateof Report (Date of earliest event reported): May 14, 2025

TwinHospitality Group Inc.

(Exactname of Registrant as Specified in Its Charter)

Delaware	001-42395	99-1232362
(State or Other Jurisdiction<br><br> <br>of Incorporation)	(Commission<br><br> <br>File Number)	(IRS Employer<br><br> <br>Identification No.)
5151 Belt Line Road, Suite 1200<br><br> <br>Dallas, TX	75254
---	---
(Address of Principal Executive Offices)	(Zip Code)

Registrant’sTelephone Number, Including Area Code: (972) 941-3150

NotApplicable

(FormerName or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐	Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title<br> of each class	Trading<br> Symbol(s)	Name<br> of each exchange on which registered
Class A Common Stock, par value $0.0001 per share	TWNP	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements ofCertain Officers.

Effective May 14, 2025, Twin Hospitality Group Inc. (the “Company”) appointed Kim Boerema, age 61, as President and Chief Executive Officer of the Company, commencing May 19, 2025. Mr. Boerema will replace Kenneth Kuick, who served as Interim Chief Executive Officer since April 10, 2025.

Prior to joining the Company, Mr. Boerema served as President and Chief Operating Officer of Parry’s Pizzeria & Taphouse from October 2018 to February 2025. He also served as President and Chief Executive Officer of Iron Hill Brewery and Restaurant from June 2018 to April 2021, Chief Operating Officer of California Pizza Kitchen from October 2011 to February 2018, and Regional Vice President of Texas Roadhouse from 2006 to 2011. Mr. Boerema holds a Bachelor of Science degree in Psychology from the University of Northern Colorado.

Mr. Boerema will receive a base salary of $450,000 per year, a guaranteed annual bonus of $250,000 per year, and will be eligible for additional discretionary bonuses. He will also receive restricted stock units for 250,000 shares of common stock and stock options for 50,000 shares of common stock, each vesting in equal annual installments over three years. Mr. Boerema will be eligible for severance if terminated without cause or good reason equal to one year of base salary plus pro-rated minimum bonus.

There are no family relationships between Mr. Boerema and any director or officer of the Company, and no arrangements or understandings between Mr. Boerema and any other person pursuant to which he was selected as President and Chief Executive Officer. Mr. Boerema is not a party to any current or proposed transaction with the Company for which disclosure is required under Item 404(a) of Regulation S-K.

Item 7.01Regulation FD Disclosure.

On May 15, 2025, the Company issued a press release announcing the appointment of Mr. Boerema as Chief Executive Officer of the Company. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and the information contained therein is incorporated by reference into this Item 7.01.

Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ExchangeAct”), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

Item9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number	Description
99.1	Press Release, dated May 15, 2025
104	Cover<br> Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Twin Hospitality Group Inc.
Date:	May 19, 2025	/s/ Kenneth J. Kuick
		Kenneth<br> J. Kuick
		Chief<br> Financial Officer

Exhibit 99.1

Twin Hospitality Group Inc. Announces Appointment of Kim Boerema as Chief Executive Officer

May 15, 2025

Fast-Growing Experiential Restaurant Group Hires California Pizza Kitchen and Texas Roadhouse Veteran	Kim Boerema
DALLAS, May 15, 2025 (GLOBE NEWSWIRE) -- Twin Hospitality Group Inc. (Nasdaq: TWNP), the<br> parent company of Twin Peaks Restaurant, today announces the appointment of Kim Boerema<br> as Chief Executive Officer, effective immediately. Boerema will draw on his over 30 years<br> of industry experience, scaling and optimizing high-volume, full-service restaurant operations,<br> to continue driving forward the rapid growth trajectory of the ultimate sports lodge, Twin<br> Peaks.<br><br> <br><br><br> <br><br><br>Boerema<br> most recently served as President and Chief Operating Officer of Parry’s Pizzeria &<br> Taphouse, where he helped to significantly scale the brand, taking it from a 10-unit concept<br> to an approximately 30-unit concept in the last two and a half years. Other prior experiences<br> include serving as CEO and President of Iron Hill Brewery and Restaurant, where he led brand<br> transformation efforts in addition to serving as COO of California Pizza Kitchen, where he<br> was key in creating a new cost-effective restaurant prototype along with rebuilding the operations<br> and leadership teams. Boerema was also a Regional Vice President at Texas Roadhouse, where<br> he oversaw 125 units in 22 states, driving growth and best-in-class retention for the respective<br> locations.<br><br><br><br><br><br><br><br>“Kim<br>brings deep expertise in franchising, corporate operations, and profitability enhancement, making him ideally positioned to lead Twin<br>Peaks in its next stage of growth,” said Ken Kuick, CFO of Twin Hospitality Group. “With a pipeline of 100 lodges,<br>Kim’s background and proven leadership will be instrumental as we look to scale the Twin Peaks brand and fuel long-term momentum.”<br><br><br><br><br><br>“I<br>have always had a passion for experiential dining, which aligns perfectly with the immersive sports lodge positioning of Twin Peaks,”<br>said Kim Boerema, CEO of Twin Hospitality Group. “Over the years, Twin Peaks has emerged as an industry leader known for<br>operational excellence and brand integrity, and I look forward to not only maintaining but also enhancing what makes the Twin Peaks brand<br>such a coveted customer experience as we continue to expand across the globe.”<br><br><br><br><br><br>For<br>more information on Twin Hospitality Group, visit https://ir.twinpeaksrestaurant.com/.<br><br><br><br><br><br><br><br>Twin<br> Hospitality Group Inc.<br><br><br><br><br><br><br><br>Twin<br>Hospitality Group Inc. is a restaurant company that strategically develops and operates specialty casual dining restaurant concepts with<br>a goal to redefine the casual dining category with its experiential driven brands. For more information, visit https://ir.twinpeaksrestaurant.com/.	<br><br> <br><br><br> <br>Chief<br> Executive Officer

Fast-Growing Experiential Restaurant Group Hires California Pizza Kitchen and Texas Roadhouse Veteran

Kim Boerema

DALLAS, May 15, 2025 (GLOBE NEWSWIRE) -- Twin Hospitality Group Inc. (Nasdaq: TWNP), the parent company of Twin Peaks Restaurant, today announces the appointment of Kim Boerema as Chief Executive Officer, effective immediately. Boerema will draw on his over 30 years of industry experience, scaling and optimizing high-volume, full-service restaurant operations, to continue driving forward the rapid growth trajectory of the ultimate sports lodge, Twin Peaks. Boerema most recently served as President and Chief Operating Officer of Parry’s Pizzeria & Taphouse, where he helped to significantly scale the brand, taking it from a 10-unit concept to an approximately 30-unit concept in the last two and a half years. Other prior experiences include serving as CEO and President of Iron Hill Brewery and Restaurant, where he led brand transformation efforts in addition to serving as COO of California Pizza Kitchen, where he was key in creating a new cost-effective restaurant prototype along with rebuilding the operations and leadership teams. Boerema was also a Regional Vice President at Texas Roadhouse, where he oversaw 125 units in 22 states, driving growth and best-in-class retention for the respective locations. “Kim brings deep expertise in franchising, corporate operations, and profitability enhancement, making him ideally positioned to lead Twin Peaks in its next stage of growth,” said Ken Kuick, CFO of Twin Hospitality Group. “With a pipeline of 100 lodges, Kim’s background and proven leadership will be instrumental as we look to scale the Twin Peaks brand and fuel long-term momentum.” “I have always had a passion for experiential dining, which aligns perfectly with the immersive sports lodge positioning of Twin Peaks,” said Kim Boerema, CEO of Twin Hospitality Group. “Over the years, Twin Peaks has emerged as an industry leader known for operational excellence and brand integrity, and I look forward to not only maintaining but also enhancing what makes the Twin Peaks brand such a coveted customer experience as we continue to expand across the globe.” For more information on Twin Hospitality Group, visit https://ir.twinpeaksrestaurant.com/. Twin Hospitality Group Inc. Twin Hospitality Group Inc. is a restaurant company that strategically develops and operates specialty casual dining restaurant concepts with a goal to redefine the casual dining category with its experiential driven brands. For more information, visit https://ir.twinpeaksrestaurant.com/.

Chief Executive Officer

About Twin Peaks

Founded in 2005 in the Dallas suburb of Lewisville, Twin Peaks has 116 locations in the U.S. and Mexico. Twin Peaks is the ultimate sports lodge featuring made-from-scratch food and the coldest beer in the business, surrounded by scenic views and wall-to-wall TVs. At every Twin Peaks, guests are immediately welcomed by a friendly Twin Peaks Girl and served up a menu made for MVPs. From its smashed and seared-to-order burgers to its in-house smoked brisket and wings, guests can expect menu items that satisfy every appetite. To learn more about franchise opportunities, visit twinpeaksfranchise.com. For more information, visit twinpeaksrestaurant.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings. Forward-looking statements reflect the expectations of management concerning the future and are subject to significant business, economic and competitive risks, uncertainties, and contingencies. These factors are difficult to predict and beyond our control and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that are filed from time to time by Twin Hospitality Group Inc. with the Securities and Exchange Commission, such as its Registration Statement on Form 10 and reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

Investor Relations:

ICR

Michelle Michalski

ir@twinpeaksrestaurant.com

Media Relations:

Destinee Rollins

destinee.rollins@tprest.com

972-342-5902

Attachment

● Kim Boerema