{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-11T06:01:18.286551+00:00","company":{"ticker":"FATAQ","cik":1705012,"company_name":"Fat Brands, Inc"},"pagination":{"limit":100,"returned":73,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"Andrew Wiederhorn, an ad hoc group of certain holders of the Debtors’ securitization notes, Moelis & Company LLC, and the official committee of unsecured creditors","detail":"other","count":1,"first_seen":"2026-03-30T23:59:59+00:00","last_seen":"2026-03-30T23:59:59+00:00","evidence_fact_ids":[26683]},{"display_name":"Barbeque Holding, LLC","detail":"asset_purchase","count":1,"first_seen":"2023-09-26T23:59:59+00:00","last_seen":"2023-09-26T23:59:59+00:00","evidence_fact_ids":[111213]},{"display_name":"ThinkEquity LLC","detail":"atm_program","count":1,"first_seen":"2022-11-14T23:59:59+00:00","last_seen":"2022-11-14T23:59:59+00:00","evidence_fact_ids":[196806]},{"display_name":"lenders from time to time party thereto, and UMB Bank, N.A.","detail":"credit_facility","count":1,"first_seen":"2026-03-30T23:59:59+00:00","last_seen":"2026-03-30T23:59:59+00:00","evidence_fact_ids":[26684]}],"lender":[{"display_name":"UMB Bank, National Association","detail":"loan","count":7,"first_seen":"2025-12-02T23:59:59+00:00","last_seen":"2026-03-30T23:59:59+00:00","evidence_fact_ids":[31128,34775,34776,34777,34778,34779,37289]}]},"facts":[{"fact_type":"executive_change","fact_key":"2663796efc","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2026-04-29T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2026-04-29","interim":true,"role":"interim Chief Executive Officer","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Keshav Lall was appointed as interim Chief Executive Officer at Fat Brands, Inc.","evidence_excerpt":"Effective April 29, 2026, the Company and TWNP each appointed Keshav Lall as its interim Chief Executive Officer, filling in for the former Chief Executive Officer who remains on a leave of absence pursuant to the Amended and Restated Stipulation and Agreed Order Regarding Mediated Agreement [Docket No. 472].","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-26-019634","anchor_url":"https://secwatch.observer/filing/0001493152-26-019634#claim-2663796efc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226019634/0001493152-26-019634-index.htm"},{"fact_type":"debt_financing","fact_key":"1ed11a370e987e2b9c8b7a25617fea1b72db6f2a","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2026-03-30T23:59:59+00:00","payload":{"counterparty":"UMB Bank, N.A., as administrative agent and collateral agent","effective_date":"2026-03-25","event":"incurrence","instrument_type":"credit_facility","interest_rate_text":"12.0% per annum","item_codes_triggered":["2.03"],"maturity_text":null,"principal_text":"combined aggregate principal amount of up to approximately $307.6 million"},"claim":"Fat Brands, Inc incurred credit facility of combined aggregate principal amount of up to approximately $307.6 million with UMB Bank, N.A., as administrative agent and collateral agent at 12.0% per annum.","evidence_excerpt":"multiple draw term loan facilities (each, a “ DIP\nFacility ” and together, the “ DIP Facilities ”) in a combined aggregate principal amount of up to approximately\n$307.6 million. The first facility, referred to as the FBG DIP Facility, provides for up to $184.6 million to the FBG DIP Borrowers,\nincluding approximately $46.1 million of new money term","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-013636","anchor_url":"https://secwatch.observer/filing/0001493152-26-013636#claim-1ed11a370e987e2b9c8b7a25617fea1b72db6f2a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226013636/0001493152-26-013636-index.htm"},{"fact_type":"material_agreement","fact_key":"6fc8fc449ea06b6eeca091e689635d5f6a3fd26b","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2026-03-30T23:59:59+00:00","payload":{"action":"entry","agreement_name":"DIP Credit Agreement","agreement_type":"credit_facility","counterparty":"lenders from time to time party thereto, and UMB Bank, N.A., as administrative agent and collateral agent","effective_date":"2026-03-25","item_codes_triggered":["1.01"],"value_text":"approximately $307.6 million"},"claim":"Fat Brands, Inc entered into DIP Credit Agreement with lenders from time to time party thereto, and UMB Bank, N.A., as administrative agent and collateral agent valued at approximately $307.6 million (effective 2026-03-25).","evidence_excerpt":"The DIP Credit Agreement provides for two senior secured superpriority debtor-in-possession multiple draw term loan facilities (each, a “ DIP Facility ” and together, the “ DIP Facilities ”) in a combined aggregate principal amount of up to approximately $307.6 million.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-013636","anchor_url":"https://secwatch.observer/filing/0001493152-26-013636#claim-6fc8fc449ea06b6eeca091e689635d5f6a3fd26b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226013636/0001493152-26-013636-index.htm"},{"fact_type":"material_agreement","fact_key":"df935095add153666d0dcd88ccf0054fdc255115","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2026-03-30T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Stipulation","agreement_type":"other","counterparty":"Andrew Wiederhorn, an ad hoc group of certain holders of the Debtors’ securitization notes, Moelis & Company LLC, and the official committee of unsecured creditors","effective_date":"2026-03-19","item_codes_triggered":["1.01"],"value_text":null},"claim":"Fat Brands, Inc entered into Stipulation with Andrew Wiederhorn, an ad hoc group of certain holders of the Debtors’ securitization notes, Moelis & Company LLC, and the official committee of unsecured creditors (effective 2026-03-19).","evidence_excerpt":"on March 19, 2026, the Debtors entered into that certain Amended and Restated Stipulation and Agreed Order Regarding Mediated Agreement (the “ Stipulation ”) by and among the Debtors, Andrew Wiederhorn (the “ Executive ”), an ad hoc group of certain holders of the Debtors’ securitization notes (the “ Ad Hoc Group ”), Moelis & Company LLC (“ Moelis ”), and the official committee of unsecured creditors in the Chapter 11 Cases (the “ Committee ”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-013636","anchor_url":"https://secwatch.observer/filing/0001493152-26-013636#claim-df935095add153666d0dcd88ccf0054fdc255115","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226013636/0001493152-26-013636-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"0a6b41bc957bc7249fb4a213c043ea139802d4fe","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2026-01-30T23:59:59+00:00","payload":{"company_response":"does not intend to appeal","compliance_status":"delisting_pending","cure_deadline":null,"deficiency_type":"other","delisting_effective_date":"2026-02-04","exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":null,"notice_date":"2026-01-28","notice_type":"delisting_notice","plan_due_date":null,"raw_rule_text":null,"reported_value":null,"rule_numbers":["5101","5110(b)","IM-5101-1"],"rules_cited_in_text":true},"claim":"Fat Brands, Inc received a nasdaq delisting notice notice regarding other (rules 5101, 5110(b), IM-5101-1).","evidence_excerpt":"January 28, 2026, FAT Brands\nInc. (the “ Company ”) received a letter (the “ Delisting Notice ”) from the Listing Qualifications\nStaff of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that the Staff had determined that the Company’s\nsecurities will be delisted from Nasdaq pursuant to Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1. Pursuant to the Delisting Notice,\nNasdaq’s determination was based on (i) the Company’s commencement of voluntary proceedings under Chapter 11 of the United\nStates Bankruptcy Code on January 26, 2026 (the “ Chapter 11 Cases ”) and associated public","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-004289","anchor_url":"https://secwatch.observer/filing/0001493152-26-004289#claim-0a6b41bc957bc7249fb4a213c043ea139802d4fe","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226004289/0001493152-26-004289-index.htm"},{"fact_type":"debt_financing","fact_key":"65eef77359de125e7de000c2f41b946a77bba665","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2026-01-27T23:59:59+00:00","payload":{"counterparty":"UMB Bank, National Association","effective_date":"2026-01-26","event":"acceleration","instrument_type":"loan","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":null,"principal_text":"$403 million"},"claim":"Fat Brands, Inc faced acceleration on loan of $403 million with UMB Bank, National Association.","evidence_excerpt":"approximately $403 million in aggregate outstanding amount of Twin Hospitality I, LLC’s Secured Notes","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-003696","anchor_url":"https://secwatch.observer/filing/0001493152-26-003696#claim-65eef77359de125e7de000c2f41b946a77bba665","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226003696/0001493152-26-003696-index.htm"},{"fact_type":"debt_financing","fact_key":"e9a61063d174a1e7ab70686d559eca1a377a1cb0","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2026-01-27T23:59:59+00:00","payload":{"counterparty":"UMB Bank, National Association","effective_date":"2026-01-26","event":"acceleration","instrument_type":"loan","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":null,"principal_text":"$140 million"},"claim":"Fat Brands, Inc faced acceleration on loan of $140 million with UMB Bank, National Association.","evidence_excerpt":"approximately $140 million in aggregate outstanding amount of FAT Brands Fazoli’s Native I, LLC’s Secured Notes","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-003696","anchor_url":"https://secwatch.observer/filing/0001493152-26-003696#claim-e9a61063d174a1e7ab70686d559eca1a377a1cb0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226003696/0001493152-26-003696-index.htm"},{"fact_type":"debt_financing","fact_key":"dac60024324c6d4106fc000387e619de03bc55be","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2026-01-27T23:59:59+00:00","payload":{"counterparty":"UMB Bank, National Association","effective_date":"2026-01-26","event":"acceleration","instrument_type":"loan","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":null,"principal_text":"$410 million"},"claim":"Fat Brands, Inc faced acceleration on loan of $410 million with UMB Bank, National Association.","evidence_excerpt":"approximately $410 million in aggregate outstanding amount of FAT Brands GFG Royalty I, LLC’s Secured Notes","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-003696","anchor_url":"https://secwatch.observer/filing/0001493152-26-003696#claim-dac60024324c6d4106fc000387e619de03bc55be","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226003696/0001493152-26-003696-index.htm"},{"fact_type":"debt_financing","fact_key":"675a8350f8268d8369c9e0f6e8240199aa7f143a","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2026-01-27T23:59:59+00:00","payload":{"counterparty":"UMB Bank, National Association","effective_date":"2026-01-26","event":"acceleration","instrument_type":"loan","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":null,"principal_text":"$201 million"},"claim":"Fat Brands, Inc faced acceleration on loan of $201 million with UMB Bank, National Association.","evidence_excerpt":"approximately $201 million in aggregate outstanding amount of FAT Brands Royalty I, LLC’s Secured Notes","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-003696","anchor_url":"https://secwatch.observer/filing/0001493152-26-003696#claim-675a8350f8268d8369c9e0f6e8240199aa7f143a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226003696/0001493152-26-003696-index.htm"},{"fact_type":"debt_financing","fact_key":"c54642deca31652724788bb48bc423272c616d35","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2026-01-27T23:59:59+00:00","payload":{"counterparty":"UMB Bank, National Association","effective_date":"2026-01-26","event":"acceleration","instrument_type":"loan","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":null,"principal_text":"$110 million"},"claim":"Fat Brands, Inc faced acceleration on loan of $110 million with UMB Bank, National Association.","evidence_excerpt":"The commencement of the Chapter 11 Cases constitutes an event of default under certain of the Debtors’ debt instruments, including, without limitation, the following: ● approximately $110 million in aggregate outstanding amount of FB Resid Holding I, LLC’s Secured Notes","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-003696","anchor_url":"https://secwatch.observer/filing/0001493152-26-003696#claim-c54642deca31652724788bb48bc423272c616d35","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226003696/0001493152-26-003696-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"524d29eeb544909a8a8006b05b924f26fb873a87","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2026-01-09T23:59:59+00:00","payload":{"company_response":null,"compliance_status":"deficient","cure_deadline":"2026-07-07","deficiency_type":"market_value","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":null,"notice_date":"2026-01-08","notice_type":"deficiency_notice","plan_due_date":null,"raw_rule_text":null,"reported_value":null,"rule_numbers":["5550(b)(2)","5810(c)(3)(C)"],"rules_cited_in_text":true},"claim":"Fat Brands, Inc received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(C)).","evidence_excerpt":"January 8, 2026, FAT Brands Inc. (the “Company”) received separate written notices (each, a “Notice”) from the\nListing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) that, for the period between November 20, 2025 and\nJanuary 7, 2026: ● With\n respect to the Company’s Class A Common Stock (Nasdaq: FAT), the Company was not in\n compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2)\n for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires\n listed securities to maintain a minimum bid price of $1.00 per share","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-001117","anchor_url":"https://secwatch.observer/filing/0001493152-26-001117#claim-524d29eeb544909a8a8006b05b924f26fb873a87","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226001117/0001493152-26-001117-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"267790adabccad9cfc3ef866a00a1b36d66ee9d9","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2026-01-09T23:59:59+00:00","payload":{"company_response":null,"compliance_status":"deficient","cure_deadline":"2026-07-07","deficiency_type":"minimum_bid_price","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":null,"notice_date":"2026-01-08","notice_type":"deficiency_notice","plan_due_date":null,"raw_rule_text":null,"reported_value":null,"rule_numbers":["5550(a)(2)","5810(c)(3)(A)"],"rules_cited_in_text":true},"claim":"Fat Brands, Inc received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).","evidence_excerpt":"January 8, 2026, FAT Brands Inc. (the “Company”) received separate written notices (each, a “Notice”) from the\nListing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) that, for the period between November 20, 2025 and\nJanuary 7, 2026: ● With\n respect to the Company’s Class A Common Stock (Nasdaq: FAT), the Company was not in\n compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2)\n for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires\n listed securities to maintain a minimum bid price of $1.00 per share","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-001117","anchor_url":"https://secwatch.observer/filing/0001493152-26-001117#claim-267790adabccad9cfc3ef866a00a1b36d66ee9d9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226001117/0001493152-26-001117-index.htm"},{"fact_type":"debt_financing","fact_key":"c1a83e8d6411e3be5c2186034fb06f981da20c0b","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2025-12-02T23:59:59+00:00","payload":{"counterparty":"UMB Bank, National Association","effective_date":"2025-11-25","event":"acceleration","instrument_type":"senior_notes","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":null,"principal_text":"$158.9 million"},"claim":"Fat Brands, Inc faced acceleration on senior notes of $158.9 million with UMB Bank, National Association.","evidence_excerpt":"stating that an Event of Default had occurred pursuant\nto Section 9.2 of the FB Resid Indenture. The\naggregate principal amount outstanding under the FB Resid Notes is $158.9 million, or $110.0 million net of FB Resid Notes retained by\nthe Company, and the aggregate amount of accrued and unpaid interest under the FB Resid Notes through the date of this report","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-025763","anchor_url":"https://secwatch.observer/filing/0001493152-25-025763#claim-c1a83e8d6411e3be5c2186034fb06f981da20c0b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315225025763/0001493152-25-025763-index.htm"},{"fact_type":"executive_change","fact_key":"9f88afba13","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2025-05-02T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-04-29","interim":false,"role":"Co-Chief Executive Officer","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Taylor Wiederhorn was appointed as Co-Chief Executive Officer at Fat Brands, Inc.","evidence_excerpt":"and Taylor Wiederhorn was appointed Co-Chief Executive Officer of the Company.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001641172-25-008281","anchor_url":"https://secwatch.observer/filing/0001641172-25-008281#claim-9f88afba13","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000164117225008281/0001641172-25-008281-index.htm"},{"fact_type":"executive_change","fact_key":"6b927184ca","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2025-05-02T23:59:59+00:00","payload":{"action":"stepped down","action_category":"departure","departure_tone":"routine","effective_date":"2025-04-29","interim":false,"role":"Co-Chief Executive Officer","role_category":"ceo","successor_name":"Taylor Wiederhorn","successor_named":true},"claim":"Robert Rosen departed as Co-Chief Executive Officer at Fat Brands, Inc.","evidence_excerpt":"Effective April 29, 2025, Robert Rosen stepped down from his position as Co-Chief Executive Officer of FAT Brands Inc. (the “ Company ”)","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001641172-25-008281","anchor_url":"https://secwatch.observer/filing/0001641172-25-008281#claim-6b927184ca","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000164117225008281/0001641172-25-008281-index.htm"},{"fact_type":"governance_change","fact_key":"76713a75bad1477c6e84c955e76432488f81972c","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2024-12-30T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2024-12-26","item_codes_triggered":["5.03"],"summary_text":"Filing of Certificate of Amendment to Second Amended and Restated Certificate of Incorporation to allow for exculpation of officers"},"claim":"Fat Brands, Inc: Filing of Certificate of Amendment to Second Amended and Restated Certificate of Incorporation to allow for exculpation of officers (effective 2024-12-26).","evidence_excerpt":"On December 26, 2024, following the affirmative vote of the stockholders in favor of Proposal No. 2 at the 2024 Annual Meeting of Stockholders of FAT Brands Inc. (the “ Company ”), the Company filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation to allow for the exculpation of its officers as permitted under the Delaware General Corporation Law.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-24-052462","anchor_url":"https://secwatch.observer/filing/0001493152-24-052462#claim-76713a75bad1477c6e84c955e76432488f81972c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315224052462/0001493152-24-052462-index.htm"},{"fact_type":"earnings_release","fact_key":"4e60ec6f37f4be0d45a21bead423aa22dc447012","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2024-05-01T23:59:59+00:00","payload":{"eps_text":"$2.37 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Net loss of $38.3 million","period_text":"fiscal first quarter ended March 31, 2024","report_date":"2024-05-01","result_type":"reported_results","revenue_text":null},"claim":"Fat Brands, Inc reported fiscal first quarter ended March 31, 2024 results: net income Net loss of $38.3 million, EPS $2.37 per diluted share.","evidence_excerpt":"Total revenue improved 43.8% to $152.0 million compared to $105.7 million in the fiscal first quarter of 2023","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001628280-24-019608","anchor_url":"https://secwatch.observer/filing/0001628280-24-019608#claim-4e60ec6f37f4be0d45a21bead423aa22dc447012","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000162828024019608/0001628280-24-019608-index.htm"},{"fact_type":"earnings_release","fact_key":"7ed10f14f1d1b59030d3287cf7d633b15ecdc37d","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2024-03-07T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Net loss of $90.1 million, or $5.85 per diluted share","period_text":"fiscal year ended December 31, 2023","report_date":"2024-03-07","result_type":"reported_results","revenue_text":"$480.5 million"},"claim":"Fat Brands, Inc reported fiscal year ended December 31, 2023 results: revenue $480.5 million, net income Net loss of $90.1 million, or $5.85 per diluted share.","evidence_excerpt":"Total revenue increased 18.0% to $480.5 million compared to $407.2 million in fiscal 2022","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-24-009638","anchor_url":"https://secwatch.observer/filing/0001628280-24-009638#claim-7ed10f14f1d1b59030d3287cf7d633b15ecdc37d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000162828024009638/0001628280-24-009638-index.htm"},{"fact_type":"earnings_release","fact_key":"bed705b5d4bea0dae34754bb816d0d8eb57033d4","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2024-03-07T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Net loss of $26.2 million, or $1.68 per diluted share","period_text":"fiscal fourth quarter 2023","report_date":"2024-03-07","result_type":"reported_results","revenue_text":"$158.6 million"},"claim":"Fat Brands, Inc reported fiscal fourth quarter 2023 results: revenue $158.6 million, net income Net loss of $26.2 million, or $1.68 per diluted share.","evidence_excerpt":"total revenue improved 52.8% to $158.6 million","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-24-009638","anchor_url":"https://secwatch.observer/filing/0001628280-24-009638#claim-bed705b5d4bea0dae34754bb816d0d8eb57033d4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000162828024009638/0001628280-24-009638-index.htm"},{"fact_type":"earnings_release","fact_key":"088671ac26868646a61a897be02b7e784f1058ca","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2024-03-07T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Net loss of $26.2 million, or $1.68 per diluted share","period_text":"the fourteen-week and fifty-three week periods ended December 31, 2023","report_date":"2024-03-07","result_type":"reported_results","revenue_text":"$158.6 million"},"claim":"Fat Brands, Inc reported the fourteen-week and fifty-three week periods ended December 31, 2023 results: revenue $158.6 million, net income Net loss of $26.2 million, or $1.68 per diluted share.","evidence_excerpt":"strengths position us for continued growth in the future, which will help deleverage our balance sheet.” Fiscal Fourth Quarter 2023 Highlights • Total revenue improved 52.8% to $158.6 million compared to $103.8 million in the fourth quarter of 2022 ◦ System-wide sales growth of 16.5% in the fiscal fourth quarter of 2023 compared to the prior year fiscal quarter ◦","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-24-009638","anchor_url":"https://secwatch.observer/filing/0001628280-24-009638#claim-088671ac26868646a61a897be02b7e784f1058ca","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000162828024009638/0001628280-24-009638-index.htm"},{"fact_type":"shareholder_vote","fact_key":"69d7634540960ae0774cf95392f3f10cbb6e3e74","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-12-20T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-12-14","outcome":"passed","proposal_text":"Ratification of Appointment of Independent Registered Public Accounting Firm","proposal_type":"auditor_ratification","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"489,223","votes_against":"13,226,548","votes_for":"2,096,040,426","votes_withheld":null}]},"claim":"Fat Brands, Inc shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-12-14 meeting.","evidence_excerpt":"Ratification of Appointment of Independent Registered Public Accounting Firm. The proposal to ratify the selection of Macias Gini & O’Connell, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was approved. The votes regarding this proposal were as follows: For Against Abstained Broker Non-Votes 2,096,040,426 13,226,548 489,223 N/A","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-045580","anchor_url":"https://secwatch.observer/filing/0001493152-23-045580#claim-69d7634540960ae0774cf95392f3f10cbb6e3e74","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223045580/0001493152-23-045580-index.htm"},{"fact_type":"shareholder_vote","fact_key":"22d7f8bc03b15b07b5035c1b997bca25d9c3f8fc","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-12-20T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-12-14","outcome":"passed","proposal_text":"Advisory Vote on the Compensation of Named Executive Officers","proposal_type":"say_on_pay","results":[{"broker_non_votes":"241,309,341","subject":null,"votes_abstain":"5,274,423","votes_against":"120,440,884","votes_for":"1,742,731,549","votes_withheld":null}]},"claim":"Fat Brands, Inc shareholders approved Advisory Vote on the Compensation of Named Executive Officers at the 2023-12-14 meeting.","evidence_excerpt":"Advisory Vote on the Compensation of Named Executive Officers. The proposal to approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers was approved. The votes regarding this proposal were as follows: For Against Abstained Broker Non-Votes 1,742,731,549 120,440,884 5,274,423 241,309,341","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-045580","anchor_url":"https://secwatch.observer/filing/0001493152-23-045580#claim-22d7f8bc03b15b07b5035c1b997bca25d9c3f8fc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223045580/0001493152-23-045580-index.htm"},{"fact_type":"shareholder_vote","fact_key":"3f10aa9cc9eb89c6d8510b3f3f567b9b443c754e","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-12-20T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-12-14","outcome":"passed","proposal_text":"Amendment and Restatement of the Company’s 2017 Omnibus Equity Incentive Plan","proposal_type":"equity_plan","results":[{"broker_non_votes":"241,307,361","subject":null,"votes_abstain":"1,151,414","votes_against":"107,881,459","votes_for":"1,759,415,962","votes_withheld":null}]},"claim":"Fat Brands, Inc shareholders approved Amendment and Restatement of the Company’s 2017 Omnibus Equity Incentive Plan at the 2023-12-14 meeting.","evidence_excerpt":"Amendment and Restatement of the Company’s 2017 Omnibus Equity Incentive Plan. The proposal to approve an amendment and restatement of the Company’s 2017 Omnibus Equity Incentive Plan (the “Plan”) was approved. The votes regarding this proposal were as follows: For Against Abstained Broker Non-Votes 1,759,415,962 107,881,459 1,151,414 241,307,361","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-045580","anchor_url":"https://secwatch.observer/filing/0001493152-23-045580#claim-3f10aa9cc9eb89c6d8510b3f3f567b9b443c754e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223045580/0001493152-23-045580-index.htm"},{"fact_type":"shareholder_vote","fact_key":"cbc060c19f8d5bf0c0e1838b05788d526cedec37","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-12-20T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-12-14","outcome":"passed","proposal_text":"Election of 14 nominees for director to hold office until the 2024 Annual Meeting","proposal_type":"director_election","results":[{"broker_non_votes":"241,307,339","subject":"John S. Allen","votes_abstain":null,"votes_against":null,"votes_for":"1,863,001,370","votes_withheld":"5,447,487"},{"broker_non_votes":"241,307,339","subject":"Donald J. Berchtold","votes_abstain":null,"votes_against":null,"votes_for":"1,692,523,130","votes_withheld":"175,925,727"},{"broker_non_votes":"241,307,339","subject":"Tyler B. Child","votes_abstain":null,"votes_against":null,"votes_for":"1,686,088,274","votes_withheld":"182,360,584"},{"broker_non_votes":"241,307,339","subject":"Lynne L. Collier","votes_abstain":null,"votes_against":null,"votes_for":"1,696,641,350","votes_withheld":"171,807,508"},{"broker_non_votes":"241,307,339","subject":"Mark Elenowitz","votes_abstain":null,"votes_against":null,"votes_for":"1,819,982,608","votes_withheld":"48,466,230"},{"broker_non_votes":"241,307,339","subject":"James G. Ellis","votes_abstain":null,"votes_against":null,"votes_for":"1,863,593,456","votes_withheld":"4,855,401"},{"broker_non_votes":"241,307,339","subject":"Peter R. Feinstein","votes_abstain":null,"votes_against":null,"votes_for":"1,863,566,299","votes_withheld":"4,882,538"},{"broker_non_votes":"241,307,339","subject":"Matthew H. Green","votes_abstain":null,"votes_against":null,"votes_for":"1,862,777,659","votes_withheld":"5,671,199"},{"broker_non_votes":"241,307,339","subject":"John C. Metz","votes_abstain":null,"votes_against":null,"votes_for":"1,715,131,424","votes_withheld":"153,317,414"},{"broker_non_votes":"241,307,339","subject":"Carmen Vidal","votes_abstain":null,"votes_against":null,"votes_for":"1,697,540,968","votes_withheld":"170,907,889"},{"broker_non_votes":"241,307,339","subject":"Andrew A. Wiederhorn","votes_abstain":null,"votes_against":null,"votes_for":"1,690,647,333","votes_withheld":"177,801,525"},{"broker_non_votes":"241,307,339","subject":"Mason A. Wiederhorn","votes_abstain":null,"votes_against":null,"votes_for":"1,690,673,079","votes_withheld":"177,775,779"},{"broker_non_votes":"241,307,339","subject":"Taylor A. Wiederhorn","votes_abstain":null,"votes_against":null,"votes_for":"1,690,647,057","votes_withheld":"177,801,801"},{"broker_non_votes":"241,307,339","subject":"Thayer D. Wiederhorn","votes_abstain":null,"votes_against":null,"votes_for":"1,690,421,260","votes_withheld":"178,027,598"}]},"claim":"Fat Brands, Inc shareholders approved Election of 14 nominees for director to hold office until the 2024 Annual Meeting at the 2023-12-14 meeting.","evidence_excerpt":"Election of Directors. Stockholders elected 14 nominees for director to the Company’s Board of Directors to hold office until the 2024 Annual Meeting of Stockholders and until their respective successors have been duly elected and qualified. The votes regarding this proposal were as follows: Name of Nominee For Withheld Broker Non-Votes John S. Allen 1,863,001,370 5,447,487 241,307,339 Donald J. Berchtold 1,692,523,130 175,925,727 241,307,339 Tyler B. Child 1,686,088,274 182,360,584 241,307,339 Lynne L. Collier 1,696,641,350 171,807,508 241,307,339 Mark Elenowitz 1,819,982,608 48,466,230 241,307,339 James G. Ellis 1,863,593,456 4,855,401 241,307,339 Peter R. Feinstein 1,863,566,299 4,882,538 241,307,339 Matthew H. Green 1,862,777,659 5,671,199 241,307,339 John C. Metz 1,715,131,424 153,317,414 241,307,339 Carmen Vidal 1,697,540,968 170,907,889 241,307,339 Andrew A. Wiederhorn 1,690,647,333 177,801,525 241,307,339 Mason A. Wiederhorn 1,690,673,079 177,775,779 241,307,339 Taylor A. Wiede","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-045580","anchor_url":"https://secwatch.observer/filing/0001493152-23-045580#claim-cbc060c19f8d5bf0c0e1838b05788d526cedec37","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223045580/0001493152-23-045580-index.htm"},{"fact_type":"earnings_release","fact_key":"3becff28ca515a95d717b7a09aafa09b9f6db38d","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-10-26T23:59:59+00:00","payload":{"eps_text":"$1.59 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Net loss of $24.7 million, or $1.59 per diluted share","period_text":"the fiscal third quarter ended September 24, 2023","report_date":"2023-10-26","result_type":"reported_results","revenue_text":"$109.4 million"},"claim":"Fat Brands, Inc reported the fiscal third quarter ended September 24, 2023 results: revenue $109.4 million, net income Net loss of $24.7 million, or $1.59 per diluted share, EPS $1.59 per diluted share.","evidence_excerpt":"strengths position us for continued growth in the future, which will help deleverage our balance sheet.” Fiscal Third Quarter 2023 Highlights • Total revenue improved 6.0% to $109.4 million compared to $103.2 million in the fiscal third quarter of 2022 ◦ System-wide sales growth of 0.8% in the fiscal third quarter of 2023 compared to the prior year fiscal quarter ◦","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-23-035307","anchor_url":"https://secwatch.observer/filing/0001628280-23-035307#claim-3becff28ca515a95d717b7a09aafa09b9f6db38d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000162828023035307/0001628280-23-035307-index.htm"},{"fact_type":"material_agreement","fact_key":"cfef939fc929d34d54d6c7c566183472c0411630","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-09-26T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Stock Purchase Agreement","agreement_type":"asset_purchase","counterparty":"Barbeque Holding, LLC","effective_date":"2023-09-25","item_codes_triggered":["1.01"],"value_text":"$30,000,000"},"claim":"Fat Brands, Inc entered into Stock Purchase Agreement with Barbeque Holding, LLC valued at $30,000,000 (effective 2023-09-25).","evidence_excerpt":"On September 25, 2023, FAT Brands Inc. (the “ Company ”) acquired the Smokey Bones Bar & Fire Grill restaurant chain (“ Smokey Bones ”) from Barbeque Holding, LLC (the “ Seller ”), an affiliate of Sun Capital Partners, Inc., pursuant to a Stock Purchase Agreement (the “ Purchase Agreement ”) dated September 25, 2023.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-033624","anchor_url":"https://secwatch.observer/filing/0001493152-23-033624#claim-cfef939fc929d34d54d6c7c566183472c0411630","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223033624/0001493152-23-033624-index.htm"},{"fact_type":"executive_change","fact_key":"9dd997208f","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-09-25T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-09-19","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"John S. Allen was appointed as Director at Fat Brands, Inc.","evidence_excerpt":"appointed two new independent directors to fill the vacancies on the Board","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-033595","anchor_url":"https://secwatch.observer/filing/0001493152-23-033595#claim-9dd997208f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223033595/0001493152-23-033595-index.htm"},{"fact_type":"executive_change","fact_key":"412abf07b5","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-09-25T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-09-19","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"James G. Ellis was appointed as Director at Fat Brands, Inc.","evidence_excerpt":"appointed two new independent directors to fill the vacancies on the Board","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-033595","anchor_url":"https://secwatch.observer/filing/0001493152-23-033595#claim-412abf07b5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223033595/0001493152-23-033595-index.htm"},{"fact_type":"earnings_release","fact_key":"8b897d23cc9ffaebe4c232a40f3e5396f0e31c9a","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-08-03T23:59:59+00:00","payload":{"eps_text":"$0.53 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Net loss of $7.1 million","period_text":"fiscal second quarter ended June 25, 2023","report_date":"2023-08-03","result_type":"reported_results","revenue_text":"$106.8 million"},"claim":"Fat Brands, Inc reported fiscal second quarter ended June 25, 2023 results: revenue $106.8 million, net income Net loss of $7.1 million, EPS $0.53 per diluted share.","evidence_excerpt":"pipeline will fuel organic growth for many years to come and will naturally deleverage our balance sheet.” Fiscal Second Quarter 2023 Highlights • Total revenue improved 4% to $106.8 million compared to $102.8 million in the fiscal second quarter of 2022 ◦ System-wide sales growth of 1.7% in the fiscal second quarter of 2023 compared to the prior year fiscal quarter","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001628280-23-027200","anchor_url":"https://secwatch.observer/filing/0001628280-23-027200#claim-8b897d23cc9ffaebe4c232a40f3e5396f0e31c9a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000162828023027200/0001628280-23-027200-index.htm"},{"fact_type":"executive_change","fact_key":"89bc56c6c7","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-07-31T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-07-25","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Matthew H. Green was appointed as Director at Fat Brands, Inc.","evidence_excerpt":"Effective July 25, 2023, the Board of Directors (the “Board”) of FAT Brands Inc. (the “Company”) increased the size of the Board from eleven to twelve persons and appointed two new independent directors to fill the vacancies on the Board for a term expiring at the Company’s 2023 Annual Meeting of Stockholders.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-026082","anchor_url":"https://secwatch.observer/filing/0001493152-23-026082#claim-89bc56c6c7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223026082/0001493152-23-026082-index.htm"},{"fact_type":"executive_change","fact_key":"47bcef913b","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-07-31T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-07-25","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Peter R. Feinstein was appointed as Director at Fat Brands, Inc.","evidence_excerpt":"Effective July 25, 2023, the Board of Directors (the “Board”) of FAT Brands Inc. 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Wiederhorn resigned as Chief Executive Officer at Fat Brands, Inc.","evidence_excerpt":"As previously announced, Andrew A. Wiederhorn resigned as Chief Executive Officer of FAT Brands Inc. (the “ Company ”) effective as of May 5, 2023","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-025254","anchor_url":"https://secwatch.observer/filing/0001493152-23-025254#claim-7ae64dc616","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223025254/0001493152-23-025254-index.htm"},{"fact_type":"executive_change","fact_key":"d69980c0ca","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-07-17T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-07-11","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"John C. 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(the “ Company ”), resigned as Chief Executive Officer with an effective date of May 5, 2023, and will accept a new position as outside consultant and strategic advisor to the Company.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-006818","anchor_url":"https://secwatch.observer/filing/0001493152-23-006818#claim-9c8ad2214b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223006818/0001493152-23-006818-index.htm"},{"fact_type":"earnings_release","fact_key":"2a9721938887bf3386db1511bc24483b13cc5cee","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-02-22T23:59:59+00:00","payload":{"eps_text":"$7.66 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Net loss of $126.2 million","period_text":"the fiscal year ended December 25, 2022","report_date":"2023-02-22","result_type":"reported_results","revenue_text":"$407.2 million"},"claim":"Fat Brands, Inc reported the fiscal year ended December 25, 2022 results: revenue $407.2 million, net income Net loss of $126.2 million, EPS $7.66 per diluted share.","evidence_excerpt":"• Total revenue increased 242.5% to $407.2 million compared to $118.9 million in 2021 ◦ System-wide sales growth of 108.0% compared to 2021 ◦ Year-to-date system-wide same-store sales growth of 6.0% in 2022 compared to 2021 ◦ Over 140 new store openings during 2022 • Net loss of $126.2 million, or $7.66 per diluted share, compared to $31.6 million, or $2.15 per diluted share, in 2021","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-23-004576","anchor_url":"https://secwatch.observer/filing/0001628280-23-004576#claim-2a9721938887bf3386db1511bc24483b13cc5cee","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000162828023004576/0001628280-23-004576-index.htm"},{"fact_type":"earnings_release","fact_key":"e2742da3a3ef5713dc1aee250c93134da277ce63","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-02-22T23:59:59+00:00","payload":{"eps_text":"$4.29 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Net loss of $70.8 million","period_text":"the fourth quarter of 2022","report_date":"2023-02-22","result_type":"reported_results","revenue_text":"$103.8 million"},"claim":"Fat Brands, Inc reported the fourth quarter of 2022 results: revenue $103.8 million, net income Net loss of $70.8 million, EPS $4.29 per diluted share.","evidence_excerpt":"• Total revenue improved 39.9% to $103.8 million compared to $74.2 million in the fourth quarter of 2021 ◦ System-wide sales growth of 22.1% in the fourth quarter of 2022 compared to the prior year quarter ◦ Year-to-date system-wide same-store sales growth of 2.7% in the fourth quarter of 2022 compared to the prior year ◦ 44 new store openings during the fourth quarter of 2022 and over 140 openings during the year • Net loss of $70.8 million, or $4.29 per diluted share, compared to $19.6 million, or $1.38 per diluted share, in the fourth quarter of 2021","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-23-004576","anchor_url":"https://secwatch.observer/filing/0001628280-23-004576#claim-e2742da3a3ef5713dc1aee250c93134da277ce63","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000162828023004576/0001628280-23-004576-index.htm"},{"fact_type":"debt_financing","fact_key":"678aee32ecb2f6573261df7efd95119c015b9fd6","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2023-01-31T23:59:59+00:00","payload":{"counterparty":"qualified institutional buyers","effective_date":"2023-01-25","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"6.00% Fixed Rate","item_codes_triggered":["2.03"],"maturity_text":"July 22, 2051 (legal final maturity), anticipated call date July 25, 2023","principal_text":"$40,000,000"},"claim":"Fat Brands, Inc incurred senior notes of $40,000,000 with qualified institutional buyers at 6.00% Fixed Rate maturing July 22, 2051 (legal final maturity), anticipated call date July 25, 2023.","evidence_excerpt":"On January 25, 2023, FAT Brands Inc. (the “ Company ”) completed the sale of an aggregate principal amount of $40,000,000 of Series 2022-1 6.00% Fixed Rate Senior Secured Notes, Class A-2 (the “ Class A-2 Notes ”) issued by its special purpose, wholly-owned subsidiary, FAT Brands GFG Royalty I, LLC (the “ Issuer ”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-003164","anchor_url":"https://secwatch.observer/filing/0001493152-23-003164#claim-678aee32ecb2f6573261df7efd95119c015b9fd6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315223003164/0001493152-23-003164-index.htm"},{"fact_type":"governance_change","fact_key":"46d29e6043ba37aeea26c40c515f82d6e331b931","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2022-12-23T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2022-12-20","item_codes_triggered":["5.03"],"summary_text":"Filed Certificate of Amendment to eliminate classified board and provide for annual election of directors."},"claim":"Fat Brands, Inc: Filed Certificate of Amendment to eliminate classified board and provide for annual election of directors (effective 2022-12-20).","evidence_excerpt":"On December 20, 2022, immediately following the vote on proposal 1 at the 2022 Annual Meeting of Stockholders (the “Annual Meeting”) of FAT Brands Inc. (the “Company”), the Company filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation to eliminate the three-year, staggered terms of the Company’s directors and provide for the annual election of directors.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-22-036450","anchor_url":"https://secwatch.observer/filing/0001493152-22-036450#claim-46d29e6043ba37aeea26c40c515f82d6e331b931","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315222036450/0001493152-22-036450-index.htm"},{"fact_type":"shareholder_vote","fact_key":"4d9ed40f009fc3b08adc02d2d58883f7f36fbeda","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2022-12-23T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2022-12-25","outcome":"passed","proposal_text":"Ratification Of Appointment Of Independent Registered Public Accounting Firm","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"191,885,875","subject":null,"votes_abstain":"667,764","votes_against":"6,803,993","votes_for":"2,365,403,067","votes_withheld":null}]},"claim":"Fat Brands, Inc shareholders approved Ratification Of Appointment Of Independent Registered Public Accounting Firm at the 2022-12-25 meeting.","evidence_excerpt":"(6) Ratification Of Appointment Of Independent Registered Public Accounting Firm. The proposal to ratify the selection of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 25, 2022 was approved. The votes regarding this proposal were as follows: For Against Abstained Broker Non-Votes 2,365,403,067 6,803,993 667,764 191,885,875","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-22-036450","anchor_url":"https://secwatch.observer/filing/0001493152-22-036450#claim-4d9ed40f009fc3b08adc02d2d58883f7f36fbeda","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315222036450/0001493152-22-036450-index.htm"},{"fact_type":"shareholder_vote","fact_key":"3e2edfcb484ec4c5906121cd6027f4158eee8bb7","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2022-12-23T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":null,"outcome":"passed","proposal_text":"Advisory Vote On The Frequency Of Future Votes On The Compensation Of Named Executive Officers","proposal_type":"say_on_pay_frequency","results":[{"broker_non_votes":null,"subject":null,"votes_abstain":"4,950,593","votes_against":"7,769,865","votes_for":"2,162,829,591","votes_withheld":"5,438,900"}]},"claim":"Fat Brands, Inc shareholders approved Advisory Vote On The Frequency Of Future Votes On The Compensation Of Named Executive Officers.","evidence_excerpt":"(5) Advisory Vote On The Frequency Of Future Votes On The Compensation Of Named Executive Officers. The proposal to approve, on a non-binding advisory basis, the frequency of future votes on the compensation of the Company’s named executive officers received the following votes: One Year Two Years Three Years Abstain 2,162,829,591 7,769,865 5,438,900 4,950,593","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-22-036450","anchor_url":"https://secwatch.observer/filing/0001493152-22-036450#claim-3e2edfcb484ec4c5906121cd6027f4158eee8bb7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315222036450/0001493152-22-036450-index.htm"},{"fact_type":"shareholder_vote","fact_key":"9a813713ed7f70017f50a782d9989ed986a94b71","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2022-12-23T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":null,"outcome":"passed","proposal_text":"Advisory Vote on the Compensation of Named Executive Officers","proposal_type":"say_on_pay","results":[{"broker_non_votes":"191,885,875","subject":null,"votes_abstain":"5,919,174","votes_against":"9,257,758","votes_for":"2,165,812,016","votes_withheld":null}]},"claim":"Fat Brands, Inc shareholders approved Advisory Vote on the Compensation of Named Executive Officers.","evidence_excerpt":"(4) Advisory Vote on the Compensation of Named Executive Officers. The proposal to approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers was approved. The votes regarding this proposal were as follows: For Against Abstained Broker Non-Votes 2,165,812,016 9,257,758 5,919,174 191,885,875","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-22-036450","anchor_url":"https://secwatch.observer/filing/0001493152-22-036450#claim-9a813713ed7f70017f50a782d9989ed986a94b71","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315222036450/0001493152-22-036450-index.htm"},{"fact_type":"shareholder_vote","fact_key":"043e67a56383c29c39ae530b70b4aad708789e84","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2022-12-23T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":null,"outcome":"passed","proposal_text":"Amendment To 2017 Omnibus Equity Incentive Plan","proposal_type":"equity_plan","results":[{"broker_non_votes":"191,885,875","subject":null,"votes_abstain":"5,335,955","votes_against":"231,979,386","votes_for":"1,943,673,606","votes_withheld":null}]},"claim":"Fat Brands, Inc shareholders approved Amendment To 2017 Omnibus Equity Incentive Plan.","evidence_excerpt":"(3) Amendment To 2017 Omnibus Equity Incentive Plan. The proposal to approve an amendment to the Company’s 2017 Omnibus Equity Incentive Plan (the “Plan”) to increase the number of shares of Class A Common Stock issuable under the Plan was approved. The votes regarding this proposal were as follows: For Against Abstained Broker Non-Votes 1,943,673,606 231,979,386 5,335,955 191,885,875","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-22-036450","anchor_url":"https://secwatch.observer/filing/0001493152-22-036450#claim-043e67a56383c29c39ae530b70b4aad708789e84","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315222036450/0001493152-22-036450-index.htm"},{"fact_type":"shareholder_vote","fact_key":"e1d1c1e27652c06f7da9643110974da15b336363","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2022-12-23T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":null,"outcome":"passed","proposal_text":"Election of Directors","proposal_type":"director_election","results":[{"broker_non_votes":"191,885,875","subject":"Kenneth J. Anderson","votes_abstain":null,"votes_against":null,"votes_for":"2,173,182,347","votes_withheld":"7,806,603"},{"broker_non_votes":"191,885,875","subject":"Lynne L. Collier","votes_abstain":null,"votes_against":null,"votes_for":"2,174,046,515","votes_withheld":"6,942,435"},{"broker_non_votes":"191,885,875","subject":"Amy V. Forrestal","votes_abstain":null,"votes_against":null,"votes_for":"586,650,412","votes_withheld":"1,594,338,538"},{"broker_non_votes":"191,885,875","subject":"Squire Junger","votes_abstain":null,"votes_against":null,"votes_for":"585,701,352","votes_withheld":"1,595,287,599"},{"broker_non_votes":"191,885,875","subject":"James C. Neuhauser","votes_abstain":null,"votes_against":null,"votes_for":"2,173,182,860","votes_withheld":"7,806,090"},{"broker_non_votes":"191,885,875","subject":"Edward H. Rensi","votes_abstain":null,"votes_against":null,"votes_for":"1,991,915,233","votes_withheld":"189,073,717"},{"broker_non_votes":"191,885,875","subject":"Andrew A. Wiederhorn","votes_abstain":null,"votes_against":null,"votes_for":"2,173,164,437","votes_withheld":"7,824,513"}]},"claim":"Fat Brands, Inc shareholders approved Election of Directors.","evidence_excerpt":"(2) Election of Directors. Stockholders elected seven nominees for director to the Company’s Board of Directors to hold office until the 2023 Annual Meeting of Stockholders and until their respective successors have been duly elected and qualified. The votes regarding this proposal were as follows: Name of Nominee For Withheld Broker Non-Votes Kenneth J. Anderson 2,173,182,347 7,806,603 191,885,875 Lynne L. Collier 2,174,046,515 6,942,435 191,885,875 Amy V. Forrestal 586,650,412 1,594,338,538 191,885,875 Squire Junger 585,701,352 1,595,287,599 191,885,875 James C. Neuhauser 2,173,182,860 7,806,090 191,885,875 Edward H. Rensi 1,991,915,233 189,073,717 191,885,875 Andrew A. Wiederhorn 2,173,164,437 7,824,513 191,885,875","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-22-036450","anchor_url":"https://secwatch.observer/filing/0001493152-22-036450#claim-e1d1c1e27652c06f7da9643110974da15b336363","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315222036450/0001493152-22-036450-index.htm"},{"fact_type":"shareholder_vote","fact_key":"fc254c4f5e7c955d190bb77b45e56a1c39f7e51c","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2022-12-23T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":null,"outcome":"passed","proposal_text":"Amendment To Certificate Of Incorporation To Declassify Board Of Directors","proposal_type":"charter_amendment","results":[{"broker_non_votes":"191,885,875","subject":null,"votes_abstain":"4,310,379","votes_against":"13,086,195","votes_for":"2,163,592,375","votes_withheld":null}]},"claim":"Fat Brands, Inc shareholders approved Amendment To Certificate Of Incorporation To Declassify Board Of Directors.","evidence_excerpt":"(1) Amendment To Certificate Of Incorporation To Declassify Board Of Directors. The proposal to amend the Company’s certificate of incorporation to declassify the Board of Directors and provide for the annual election of all directors was approved. The votes regarding this proposal were as follows: For Against Abstained Broker Non-Votes 2,163,592,375 13,086,195 4,310,379 191,885,875","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-22-036450","anchor_url":"https://secwatch.observer/filing/0001493152-22-036450#claim-fc254c4f5e7c955d190bb77b45e56a1c39f7e51c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315222036450/0001493152-22-036450-index.htm"},{"fact_type":"material_agreement","fact_key":"47820e532e135c1b4a4de747951f5395c24225f1","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2022-11-14T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Sales Agreement","agreement_type":"atm_program","counterparty":"ThinkEquity LLC","effective_date":"2022-11-14","item_codes_triggered":["1.01"],"value_text":"up to $21,435,000 maximum aggregate offering price"},"claim":"Fat Brands, Inc entered into Sales Agreement with ThinkEquity LLC valued at up to $21,435,000 maximum aggregate offering price (effective 2022-11-14).","evidence_excerpt":"On November 14, 2022, FAT Brands Inc., a Delaware corporation (the “Company”), entered into an ATM Sales Agreement (the “Sales Agreement”) with ThinkEquity LLC (the “Agent”), pursuant to which the Company may offer and sell from time to time through the Agent up to $21,435,000 maximum aggregate offering price of shares","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-22-031583","anchor_url":"https://secwatch.observer/filing/0001493152-22-031583#claim-47820e532e135c1b4a4de747951f5395c24225f1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315222031583/0001493152-22-031583-index.htm"},{"fact_type":"executive_change","fact_key":"a85b6318bd","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2022-07-18T23:59:59+00:00","payload":{"action":"appointed","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2022-07-12","interim":false,"role":"Vice Chairman of the Board","role_category":"other","successor_name":null,"successor_named":false},"claim":"Edward H. Rensi was appointed as Vice Chairman of the Board at Fat Brands, Inc.","evidence_excerpt":"and appointed Edward H. Rensi as Vice Chairman of the Board.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-22-019563","anchor_url":"https://secwatch.observer/filing/0001493152-22-019563#claim-a85b6318bd","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315222019563/0001493152-22-019563-index.htm"},{"fact_type":"executive_change","fact_key":"b8bf1e383b","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2022-07-18T23:59:59+00:00","payload":{"action":"elevated","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2022-07-12","interim":false,"role":"Executive Chairman of the Board","role_category":"chair","successor_name":null,"successor_named":false},"claim":"James C. Neuhauser changed role as Executive Chairman of the Board at Fat Brands, Inc.","evidence_excerpt":"The Board also elevated James C. Neuhauser, formerly an independent director on the Board, to the position of Executive Chairman of the Board","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-22-019563","anchor_url":"https://secwatch.observer/filing/0001493152-22-019563#claim-b8bf1e383b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315222019563/0001493152-22-019563-index.htm"},{"fact_type":"executive_change","fact_key":"f5d3369ecc","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2022-07-18T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-07-12","interim":false,"role":"Independent Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Lynne L. Collier was appointed as Independent Director at Fat Brands, Inc.","evidence_excerpt":"Effective July 12, 2022, the Board of Directors (the \"Board\") of FAT Brands Inc. (the \"Company\") appointed Lynne L. Collier as an independent director of the Company to fill a vacancy on the Board.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-22-019563","anchor_url":"https://secwatch.observer/filing/0001493152-22-019563#claim-f5d3369ecc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315222019563/0001493152-22-019563-index.htm"},{"fact_type":"executive_change","fact_key":"53242c9567","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2021-11-24T23:59:59+00:00","payload":{"action":"promoted","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2021-11-18","interim":false,"role":"Chief Operating Officer","role_category":"coo","successor_name":null,"successor_named":false},"claim":"Thayer D. Wiederhorn changed role as Chief Operating Officer at Fat Brands, Inc.","evidence_excerpt":"On November 18, 2021, the Company promoted Thayer D. Wiederhorn to Chief Operating Officer of the Company, effective immediately.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-21-029842","anchor_url":"https://secwatch.observer/filing/0001493152-21-029842#claim-53242c9567","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315221029842/0001493152-21-029842-index.htm"},{"fact_type":"executive_change","fact_key":"c147e859cd","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2021-10-25T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2021-10-19","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Kenneth J. Anderson was appointed as Director at Fat Brands, Inc.","evidence_excerpt":"On October 19, 2021, the Board of Directors (the “Board”) of FAT Brands Inc. (the “Company”) appointed Amy V. Forrestal and Kenneth J. Anderson as directors of the Company, effective on such date, to fill existing vacancies on the Board.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-21-026235","anchor_url":"https://secwatch.observer/filing/0001493152-21-026235#claim-c147e859cd","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315221026235/0001493152-21-026235-index.htm"},{"fact_type":"executive_change","fact_key":"0069db44e3","cik":1705012,"ticker":"FATAQ","company_name":"Fat Brands, Inc","filed_at":"2021-10-25T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2021-10-19","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Amy V. Forrestal was appointed as Director at Fat Brands, Inc.","evidence_excerpt":"On October 19, 2021, the Board of Directors (the “Board”) of FAT Brands Inc. (the “Company”) appointed Amy V. Forrestal and Kenneth J. Anderson as directors of the Company, effective on such date, to fill existing vacancies on the Board.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-21-026235","anchor_url":"https://secwatch.observer/filing/0001493152-21-026235#claim-0069db44e3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1705012/000149315221026235/0001493152-21-026235-index.htm"}]}