GEN Restaurant Group, Inc.

Current report

We do not intend to pay dividends for the foreseeable future and, as a result, your ability to achieve a return on your investment will solely depend on appreciation in the price of our Class A common stock.

Current report

Not Applicable.

Current report

Not applicable.

Previous report

A summary of common stock repurchases for the three months ended March 31, 2025 is as follows:

Previous report

(1) Represents the number of shares repurchased through the $5.0 million Class A common stock repurchase program authorized by our Board of Directors and announced on March 13, 2025. During the three months ended March 31, 2025, we repurchased 33,388 shares of our Class A common stock at an aggregate cost of $200 thousand under the repurchase program. The repurchase program has no duration and may be suspended or discontinued at any time.

Previous report

None.

Previous report

Amended and Restated Executive Employment Agreement.

Previous report

We are providing the following information in lieu of reporting on a Current Report on Form 8-K under Item 5.02 “Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers” and Item 9.01 “Financial Statements and Exhibits”.

Previous report

On May 12, 2025, we entered into an amended employment agreement with Mr. Kim (the “Employment Agreement”) to serve as our Chief Executive Officer for an additional five-year period, subject to subsequent one-year extensions unless either party gives written notice of non-extension at least 60 days prior to the expiration of the then-current term. Pursuant to the Employment Agreement, Mr. Kim is entitled to an annual base salary of $750,000 and an annual cash bonus targeted at 100% of his base salary, or at such other amount determined by the board of directors or a committee thereof. He also is eligible to receive equity incentive awards as determined by the board of directors or a committee thereof.

Previous report

Upon Mr. Kim’s termination by the Company without cause of his voluntary termination for good reason (a “Covered Termination”) at any time other than during the period beginning three months prior to a change in control and ending six months after a change in control (the "CIC Protection Period"), Mr. Kim will receive (i) an amount equal to six months of his base salary at the time of his termination (or before any diminution that is the basis of his termination for good reason); (ii) a pro-rata portion of his annual bonus for the fiscal year in which his termination occurs based on actual achievement of the applicable bonus objectives and/or conditions determined by the board of directors or a committee thereof for such year; (iii) the amount of any annual bonus earned, but not yet paid, for the fiscal year prior to his termination; and (iv) six months of COBRA continuation coverage.

Previous report

If Mr. Kim is subject to a Covered Termination during the CIC Protection Period, he will receive an additional amount equal to six months of his base salary at the time of his termination (or before any diminution that is the basis of his termination for good reason).

Previous report

The Employment Agreement also includes customary confidentiality and non-competition provisions.

Previous report

On May 12, 2025, we granted Mr. Kim 52,127 shares of our Class A common stock pursuant to the GEN Restaurant Group, Inc. 2023 Equity Incentive Plan and our form of Stock Bonus Award Agreement.

Previous report

The foregoing descriptions of the Employment Agreement and our form of Stock Bonus Award agreement are not complete and are qualified by reference to the full text of the Employment Agreement and the form of Stock Bonus Award Agreement, copies of which are filed as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.