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March 25, 2020, 7:23 a.m. EDT

Texas Roadhouse CEO to forgo base salary through Jan. 7, 2021, company suspends dividend

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By Ciara Linnane

Texas Roadhouse Inc. /zigman2/quotes/207361729/composite TXRH -1.59% said Wednesday that Chief Executive W. Kent Taylor has agreed to forgo his base salary and bonus from the pay period starting March 18 through Jan. 7, 2021, with the money to be used to pay front-line workers. In a filing with the Securities and Exchange Commission, the steak house chain said it is also suspending its dividend as it moves to conserve cash during the coronavirus pandemic. Shares were not yet active premarket, but have fallen 25% in the last 12 months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.60% has fallen 13%.

Read the full story:
Dow surges more than 5% as investors key in on hope for coronavirus rescue package

/zigman2/quotes/207361729/composite
US : U.S.: Nasdaq
$ 60.00
-0.97 -1.59%
Volume: 784,839
Sept. 25, 2020 4:00p
P/E Ratio
68.27
Dividend Yield
0.00%
Market Cap
$4.16 billion
Rev. per Employee
$37,865
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/zigman2/quotes/210599714/realtime
US : S&P US
3,298.46
+51.87 +1.60%
Volume: 2.18B
Sept. 25, 2020 5:06p
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