Summary
This filing is an Amendment No. 1 to Darden Restaurants, Inc.'s Form 10-K for the fiscal year ended May 31, 2009. The amendment's primary purpose is to correct an omission in the original filing by including the "Value Realized on Exercise" column in the "Option Exercises and Stock Vested for Fiscal 2009" table within the Executive Compensation section. It also includes updated certifications required by the Sarbanes-Oxley Act. Investors should note that this amendment does not alter the company's financial position, results of operations, or cash flows as previously reported, and it does not reflect any events occurring after the original filing date of July 24, 2009. The filing essentially provides a more complete picture of executive compensation related to stock options and awards for fiscal year 2009.
Financial Highlights
51 data points| Revenue | $7.22B |
| Cost of Revenue | $5.64B |
| Gross Profit | $1.58B |
| SG&A Expenses | $665.60M |
| Operating Expenses | $6.71B |
| Operating Income | $371.80M |
| Interest Expense | $113.70M |
| Net Income | $372.20M |
| EPS (Basic) | $2.71 |
| EPS (Diluted) | $2.65 |
| Shares Outstanding (Basic) | 137.40M |
| Shares Outstanding (Diluted) | 140.40M |
Key Highlights
- 1Amendment corrects an omission in the executive compensation disclosures, specifically adding the "Value Realized on Exercise" for stock options and awards.
- 2The amendment does not change any previously reported financial results or operational data for the fiscal year ended May 31, 2009.
- 3Updated Sarbanes-Oxley Act certifications from the CEO and CFO are included.
- 4The filing incorporates by reference information from the company's 2009 Proxy Statement and Annual Report to Shareholders.
- 5The market value of common stock held by non-affiliates was approximately $1.96 billion as of November 23, 2008.
- 6As of June 30, 2009, there were over 139 million shares of common stock outstanding.