8-K
filed April 3, 2023, 7:59 PM ET
ticker FATAQ
CIK 0001705012
leadership
confidence high
sentiment negative
materiality 0.75
FAT Brands board overhaul: five directors removed, seven new appointed, controlled company status elected
Fat Brands, Inc
- Majority holder removed five directors (Anderson, Collier, Forrestal, Neuhauser, Rensi) on March 28, 2023.
- Board increased to 10; appointed seven new directors including family members (Wiederhorns, Berchtold, Child); Collier and Elenowitz later re-appointed.
- Company elected controlled company status under Nasdaq; dissolved Compensation and Nominating committees.
- Non-employee director cash compensation raised to $120k/year from $80k (plus $40k committee pay formerly).
- New directors include employees with FY2022 compensation: e.g., Mason Wiederhorn $523k base + $1.22M bonus.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mason Wiederhorn was appointed as Director at Fat Brands, Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed the following individuals to fill vacancies on the Board: Donald Berchtold, Tyler Child, Kenneth Kepp, Carmen Vidal, Mason Wiederhorn, Taylor Wiederhorn and Thayer Wiederhorn.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thayer Wiederhorn was appointed as Director at Fat Brands, Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed the following individuals to fill vacancies on the Board: Donald Berchtold, Tyler Child, Kenneth Kepp, Carmen Vidal, Mason Wiederhorn, Taylor Wiederhorn and Thayer Wiederhorn.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lynne Collier was appointed as Director at Fat Brands, Inc.
- Action
- re-appointed
- Role
- Director
Exact text from the filing
on March 29, 2023, Lynne Collier was re-appointed as a director on the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Taylor Wiederhorn was appointed as Director at Fat Brands, Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed the following individuals to fill vacancies on the Board: Donald Berchtold, Tyler Child, Kenneth Kepp, Carmen Vidal, Mason Wiederhorn, Taylor Wiederhorn and Thayer Wiederhorn.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tyler Child was appointed as Director at Fat Brands, Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed the following individuals to fill vacancies on the Board: Donald Berchtold, Tyler Child, Kenneth Kepp, Carmen Vidal, Mason Wiederhorn, Taylor Wiederhorn and Thayer Wiederhorn.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Elenowitz was appointed as Director at Fat Brands, Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
on April 1, 2023, Mark Elenowitz was appointed as a director on the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kenneth Kepp was appointed as Director at Fat Brands, Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed the following individuals to fill vacancies on the Board: Donald Berchtold, Tyler Child, Kenneth Kepp, Carmen Vidal, Mason Wiederhorn, Taylor Wiederhorn and Thayer Wiederhorn.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Carmen Vidal was appointed as Director at Fat Brands, Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed the following individuals to fill vacancies on the Board: Donald Berchtold, Tyler Child, Kenneth Kepp, Carmen Vidal, Mason Wiederhorn, Taylor Wiederhorn and Thayer Wiederhorn.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Edward Rensi was appointed as Director at Fat Brands, Inc.
- Action
- re-appointed
- Role
- Director
Exact text from the filing
Edward Rensi was also re-appointed but subsequently decided not to re-join the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Donald Berchtold was appointed as Director at Fat Brands, Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed the following individuals to fill vacancies on the Board: Donald Berchtold, Tyler Child, Kenneth Kepp, Carmen Vidal, Mason Wiederhorn, Taylor Wiederhorn and Thayer Wiederhorn.
View on SEC.gov
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