El Pollo Loco 2015 Annual Report Download - page 6

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Table of Contents
2
impact from our income tax receivable agreement (the
TRA
),
conflicts of interest with our majority stockholders,
that we are considered a “controlled company,” that we are thereby exempt from certain corporate governance rules primarily related to
board independence, and that we intend to use some or all of those exemptions,
that El Pollo Loco Holdings, Inc., is a holding company with no operations that relies on its operating subsidiaries to provide it with funds,
timing of our emerging growth company eligibility under the Jumpstart Our Business Startups Act of 2012 (the
JOBS Act
),
changes in accounting standards, and
other risks described under Risk Factors.