Jacobsen has been with the Louisville-based restaurant chain since 2003, most recently serving as vice president of marketing since 2011, according to a document filed with the U.S. Securities and Exchange Commission.
Jacobsen is not replacing anyone. He has been overseeing marketing for the company for the 13 years he's been there, but this move brings his leadership and vision to the executive team, Travis Doster, senior director of public relations and communications for Texas Roadhouse, said in an interview.
Jacobsen entered a three-year employment agreement with the company on Feb. 11. His base salary will be $300,000, plus he'll be eligible for incentive bonuses of as much as $250,000 this year, $350,000 next year and $400,000 in 2018.
The incentives are based on the achievement of defined goals that are established by the compensation committee of Texas Roadhouse's board of directors, but the filing did not include the goals.
Jacobsen also will be entitled to the company's restricted stock.
Texas Roadhouse opened in 1993 and has grown to more than 460 locations in 49 states and five international locations in the Middle East.
Author:Rogers Healy Phone: 214-676-4270 Dated: February 23rd 2016 Views: 450 About Rogers: Rogers Healy, a native Texan, has lived in Dallas for the majority of his life. Before moving to Dal...
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