COVID Stimulus Watch Individual Entry

Note: this award was refunded

Individual Award Data

Recipient Company:
Ruth's Chris Steak House
Parent Company: Ruth's Hospitality Group
Award Date: Apr 7, 2020
Award Type: loan
Loan or Loan Guarantee Amount: $20,000,000
Awarding Agency: Small Business Administration
Program Name: Paycheck Protection Program
Award Details: Ruth's Hospitality received $20 million in loans from the SBA with an interest rate of 1 percent. The company later announced it was returning the loan: https://www.sec.gov/ix?doc=/Archives/edgar/data/1324272/0001564590200182...
Data Source for Award:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1324272/0001564590200164...
Notes: The CEO pay figure used in the ratio was adjusted to reflect an equity award vesting over a multi-year period.

Parent Company Data

Ownership Structure: publicly traded (ticker symbol RUTH)
Headquartered in: Florida
Parent Sector: restaurants and foodservice
Parent Industry: restaurants
Employees (prior to pandemic): 5,740

Accountability Issues Since 2010

Employment icon
Good Jobs First has no data in this category
Contracting icon
Good Jobs First has no data in this category
Environment icon
Good Jobs First has no data in this category
ConsumerProt icon
Good Jobs First has no data in this category
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 85 to 1
CEO Compensation: $2,833,228
Worker Median Pay: $33,330
Tax icon
Good Jobs First has no data in this category
Violation Tracker

Details on Accountability data sources