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Michael J. Skipworth

President and Chief Executive Officer at Wingstop
Board
Since March 2022
Age
47 years
Tenure
Joined in December 2014 as Vice President, Corporate Controller and progressed through several roles including Vice President of Finance, Interim CFO, Senior Vice President and CFO, Executive Vice President and CFO, and Chief Operating Officer before assuming the role of President and Chief Executive Officer in March 2022.

Also at Wingstop

AGM
Albert G. McGrath
Senior Vice President, General Counsel, and Secretary
ARK
Alex R. Kaleida
Senior Vice President, Chief Financial Officer
BTB
Bradley T. Brewer
Senior Vice President, Strategy and Chief of Staff

About

Michael J. Skipworth is the President and Chief Executive Officer of Wingstop Inc. and is currently 47 years old.

He began his tenure at Wingstop in December 2014 when he joined as Vice President, Corporate Controller. Over the years, he advanced through a series of key leadership roles including Vice President of Finance, Interim CFO, Senior Vice President and CFO, Executive Vice President and CFO, and finally Chief Operating Officer before taking on his current position in March 2022.

Prior to joining Wingstop, he gained extensive financial and operational experience at Cardinal Logistics Holdings, LLC and as an audit senior manager at KPMG LLP, laying a strong foundation for his successful career in the restaurant industry.

This objective overview reflects a robust professional journey marked by progressive leadership roles and a strategic focus on financial management, underscoring his contributions to Wingstop’s growth and operational success.

$WING Performance Under Michael J. Skipworth

Past Roles

Organization Role Date Range Details
Wingstop Inc. Chief Operating Officer August 2021 - March 2022 N/A
Wingstop Inc. Executive Vice President and Chief Financial Officer February 2018 - August 2021 N/A
Wingstop Inc. Senior Vice President and Chief Financial Officer August 2017 - February 2018 N/A
Wingstop Inc. Interim Chief Financial Officer June 2017 - August 2017 N/A
Wingstop Inc. Vice President of Finance January 2016 - June 2017 N/A
Wingstop Inc. Vice President, Corporate Controller December 2014 N/A
Cardinal Logistics Holdings, LLC Senior Vice President of Finance and Accounting N/A Oversaw finance & accounting functions
Cardinal Logistics Holdings, LLC Vice President, Corporate Controller N/A N/A
KPMG LLP Audit Senior Manager N/A Provided auditing expertise in financial reporting and compliance

Fixed Compensation

Data from  FY 2024
Component NameAmount ($)Payment ScheduleAdditional Details
Base Salary 789,808 AnnualBase salary for 2024
401(k) Match 13,800 N/APart of All Other Compensation
LTD Coverage 384 N/ACompany-paid long-term disability premium
Other Expenses 19,587 N/AReimbursement for executive health expenses

Performance Compensation

Data from  FY 2024

Performance-Based Restricted Stock Units (PBRSUs)

MetricDetail
Grant Date March 7, 2024
Units Awarded 10,726
Vesting Conditions Vests upon achievement of ROIIC over a three-year period (2024–2026)
Thresholds & Targets ≥45% ROIIC: 250% awarded, 39%: 100%, 35%: 80%, 30%: 50%, <30%: 0%
Grant Date Fair Value $3,976,772
Grant Date Stock Price [N/A]N/A

Service-Based Restricted Stock Units (SBRSUs)

MetricDetail
Grant Date March 7, 2024
Units Awarded 7,151
Vesting Schedule Three equal annual installments starting on the first anniversary
Grant Date Fair Value $2,651,305
Grant Date Stock Price [N/A]N/A

Non-Equity Incentive Plan Compensation

MetricDetail
Performance Measures Adjusted EBITDA Growth (80% weight) and Net New Units (20% weight)
Adjusted EBITDA Targets 17.5%: 200%, 17.0%: 180%, 16.5%: 160%, 16.0%: 140%, 15.5%: 120%, 15.0%: 100%, 14.0%: 98%, 13.0%: 96%, 12.0%: 90%, 10.0%: 80%, 8.0%: 70%, 7.0%: 50%, <7.0%: 0%
Net New Units Targets 280: 200%, 278: 188%, 276: 175%, 274: 150%, 272: 125%, 270: 100%, 265: 95%, 260: 90%, 255: 85%, 250: 75%, 245: 50%, 225: 25%, <225: 0%
Target Payout $900,000 target with a payout percentage of 200% leading to $1,800,000
Evaluation Period 2024 performance measured against prior-year metrics; Adjusted EBITDA certified at 44.8% growth and 349 net new units achieved
Additional Details Metrics are determined independently, weighted, and aggregated to determine final payout