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.
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.
as we come together, to stay together, and celebrate the best things in life,— Bill Walton (@BillWalton) March 24, 2020
please know that our friends and teammates in the restaurant business, who feed the world every day,
still need our help--- today, and every day,
I love Texas Roadhouse, once, now, and forevermore pic.twitter.com/KLsRJ5Gd4V
OTHER STORIES OF COVID-19'S ECONOMIC IMPACT: