First Watch Restaurant Group (FWRG) Proxy filing summary
Event summary combining transcript, slides, and related documents.
Proxy filing summary
8 Apr, 2026Executive summary
Annual meeting scheduled for May 20, 2026, to be held virtually for shareholder participation.
Shareholders are encouraged to review proxy materials online or request copies before voting.
Voting matters and shareholder proposals
Election of three directors: Irene Chang Britt, Charles Jemley, and Rachel Tipograph, with board recommending a vote in favor.
Advisory vote to approve executive compensation, with board recommending approval.
Advisory vote on the frequency of future say-on-pay votes, with board recommending annual votes.
Ratification of PricewaterhouseCoopers LLP as independent auditor for fiscal year 2026, with board recommending approval.
Proxies may vote on other matters arising at the meeting or any adjournment.
Board of directors and corporate governance
Three director nominees are presented for election at the annual meeting.
Latest events from First Watch Restaurant Group
- Aims for 10–13% revenue growth, 11–14% EBITDA growth, and positive free cash flow from 2027.FWRG
Corporate presentation - Q2 2026 revenue up 15.2% with higher margins, 18 new openings, and strong guidance for growth.FWRG
Q2 2026 - Strong growth, operational efficiency, and disciplined expansion drive robust performance.FWRG
27th Annual ICR Conference 2025 - All proposals passed, including director elections and auditor ratification, with strong shareholder participation.FWRG
AGM 2026 - Revenue up 17.3% to $331M, adjusted EBITDA rose, but net loss widened; guidance raised.FWRG
Q1 2026 - Rapid unit growth, menu innovation, and digital marketing drive strong 2026 outlook.FWRG
47th Annual Raymond James Institutional Investor Conference - 2025 revenue rose 20.3% to $1.2B; 2026 targets 12–14% growth and up to 63 new restaurants.FWRG
Q4 2025 - Expansion and operational efficiency drive growth despite industry headwinds and shifting consumer trends.FWRG
Piper Sandler Growth Frontiers Conference - Revenue up 16.4%, but margins and profit declined amid inflation and higher costs.FWRG
Q1 2025