In a report by MarketWatch on Wednesday, W. Kent Taylor agreed to forgo his base salary and bonus between March 18 and Jan. 7 of next year. The money will be used to pay front-line workers.
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Taylor earned $1.3 million in 2018, including a $525,000 base salary, Louisville Business First reported.
The report added Texas Roadhouse is suspending its dividend in order to conserve cash during the COVID-19 pandemic, citing a SEC filing.
The publicly-traded company based in Kentucky employs more than 56,000 workers and has 563 locations in the U.S. and internationally.
In the Houston area, Texas Roadhouse has 15 locations.
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OTHER STORIES OF COVID-19'S ECONOMIC IMPACT: