Red Robin Gourmet Burgers Inc. has announced an amendment to its existing cooperation agreement with key shareholders, including Jumana Capital Investments LLC and related investor parties. The updated agreement, signed by CEO Dave Pace and Jumana Capital’s Christopher Martin, revises several terms related to board composition and share acquisition. Notably, the agreement allows Jumana Capital to acquire an additional 1% of Red Robin's outstanding common stock if the share price falls below $4.00 for five consecutive trading days, following advance written notice to the company. The amendment also modifies the definition of the "Cooperation Period" and adjusts board size and ownership thresholds.

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