PTLO 8-K: Smart Summary

Portillo's Inc. amended its independent contractor agreement with Interim CFO Pamela Smith on June 29, 2026, extending her term as Interim Chief Financial Officer and designating her as Treasurer of the Company.

• Treasurer Pamela Smith — designated to serve as Treasurer of the Company during the term of her engagement as Interim Chief Financial Officer, with duties and authority customary for such role and subject to the Company's delegation of authority policy; effective June 29, 2026

• Pamela Smith — Amendment No. 1 to the independent contractor agreement (originally dated May 20, 2026) extends the term of her service as Interim Chief Financial Officer through the earlier of (i) December 31, 2026 or (ii) the appointment of a permanent Chief Financial Officer; all other material terms of the Agreement, including compensation and responsibilities, remain unchanged

• The Amendment to Consulting Agreement was entered into as of June 29, 2026 (the 'Amendment Effective Date') between Portillo's Hot Dogs, LLC and Pamela F. Smith, via PF Smith Consulting LLC.
• The original Consulting Agreement was dated May 20, 2026, pursuant to which Consultant agreed to serve as the Company's Interim Chief Financial Officer.
• Under the original Agreement, the term was set to continue until the earlier of the appointment of a permanent CFO or approximately six (6) weeks from the effective date, i.e., July 1, 2026.
• The Amendment extends the Term to continue until the earlier of (a) December 31, 2026 or (b) the appointment of a permanent Chief Financial Officer of the Company.
• The Amendment adds the role of Treasurer to the Consultant's responsibilities, in addition to the existing Interim CFO role, reporting to the Company's Chief Executive Officer.
• As Treasurer, the Consultant holds customary authority and responsibilities, including the authority to execute and deliver appropriate documents and instruments on behalf of the Company, subject to the Company's Delegation of Authority policy.
• Either party may terminate the Agreement upon thirty (30) days' written notice, or immediately for cause; upon termination, the Company shall pay the pro rata fees earned through the effective date of termination and no other fees shall be owed.
• All other terms of the original Agreement — including compensation, confidentiality, Section 16 officer designation, independent contractor status, indemnification, and governing law — remain in full force and effect.
• The Amendment is governed by the laws of the State of Illinois, consistent with Section 13 of the original Agreement.
• The Amendment was signed on behalf of Portillo's Hot Dogs, LLC by Jill Waite, Chief People Officer.