FAT Brands CEO Andy Wiederhorn resigns amid government investigation; to become strategic advisor

Fat Brands, Inc

Founder and CEO Andy Wiederhorn resigns effective May 5, 2023; will become outside consultant and strategic advisor.
Wiederhorn cites previously announced government investigation tied to him as reason for stepping aside to eliminate distraction.
Interim CEO to be announced prior to transition; Wiederhorn remains on board and controlling shareholder via Fog Cutter Holdings.
Company grew from 2 to 17 brands with 2,300+ units and $2.2B systemwide sales under Wiederhorn's leadership.

item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Andrew Wiederhorn

Chief Executive Officer

FATAQ · Fat Brands, Inc

Effective: 2023-05-05
Filed: March 6, 2023, 6:59 PM ET

On March 3, 2023, Andrew Wiederhorn, founder and Chief Executive Officer of FAT Brands Inc. (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.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Wiederhorn resigned as Chief Executive Officer at Fat Brands, Inc.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On March 3, 2023, Andrew Wiederhorn, founder and Chief Executive Officer of FAT Brands Inc. (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.

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Fat Brands, Inc filing history →

Source: SEC EDGAR

accession 0001493152-23-006818

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