---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-006689"
form_type: "8-K"
ticker: "BTBD"
cik: "0001718224"
company_name: "BT Brands, Inc."
filed_at: "2024-10-28T23:59:59+00:00"
generated_at: "2026-05-30T09:45:10.007231+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# BT Brands director Schussler resigns; Fred Croci appointed to board

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-24-006689
- form_type: 8-K
- ticker: BTBD
- cik: 0001718224
- company_name: BT Brands, Inc.
- filed_at: 2024-10-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718224/000147793224006689/0001477932-24-006689-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718224/000147793224006689/btbd_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-006689
- JSON: https://secwatch.observer/filing/0001477932-24-006689.json
- Plain text: https://secwatch.observer/filing/0001477932-24-006689.txt

## Source-grounded claims
- claim_id: 16c14b245c
  claim: Steven W. Schussler resigned as Director at BT Brands, Inc..
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1718224/000147793224006689/0001477932-24-006689-index.htm
- claim_id: 7703f5550c
  claim: Fred Croci was appointed as Director at BT Brands, Inc..
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1718224/000147793224006689/0001477932-24-006689-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.