BT Brands director Schussler resigns; Fred Croci appointed to board

BT Brands, Inc.

Steven W. Schussler resigned from board and audit committee on October 24, 2024; no disagreement cited.
Board accelerated vesting of all unvested options granted to Schussler under 2019 Incentive Plan upon resignation.
Fred Croci appointed to board on October 25, 2024, filling the vacancy; also joins audit and compensation committees.
Croci granted fully vested options to purchase 5,000 shares at $1.73 per share under 2019 Incentive Plan.
Board determined Croci is independent under Nasdaq and SEC rules, financially literate for audit committee.

item 5.02

Executive movements

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Departed

Steven W. Schussler

Director

BTBD · BT Brands, Inc.

Effective: 2024-10-24
Successor: Fred Croci
Filed: October 28, 2024, 7:59 PM ET

On October 24, 2024, Steven W. Schussler tendered his resignation as a member of the board of director of the Company and from the audit committee of the board of directors.

Appointed

Fred Croci

Director

BTBD · BT Brands, Inc.

Effective: 2024-10-25
Filed: October 28, 2024, 7:59 PM ET

On October 25, 2024, the board of directors appointed Fred Croci to serve as a member of the board of directors to fill the vacancy created by Mr. Schussler’s resignation.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven W. Schussler resigned as Director at BT Brands, Inc..

Action: resigned
Role: Director

Exact text from the filing

On October 24, 2024, Steven W. Schussler tendered his resignation as a member of the board of director of the Company and from the audit committee of the board of directors.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Fred Croci was appointed as Director at BT Brands, Inc..

Action: appointed
Role: Director

Exact text from the filing

On October 25, 2024, the board of directors appointed Fred Croci to serve as a member of the board of directors to fill the vacancy created by Mr. Schussler’s resignation.

View on SEC.gov

BT Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001477932-24-006689

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