secwatch.observer — SEC 8-K summary
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Issuer:     Fat Brands, Inc (FATAQ)
CIK:        0001705012
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001493152-23-015199
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FAT Brands names Kenneth Kuick and Robert Rosen as Co-CEOs; CEO Andrew Wiederhorn resigns
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- Andrew Wiederhorn resigned as CEO effective May 5, 2023; succeeded by Kuick and Rosen as Co-CEOs.
- Kenneth Kuick (current CFO) gets $550k base salary, bonus target 50%, stock options for 50k shares.
- Robert Rosen (Head of Debt Capital Markets) gets $550k base salary, bonus target 50%, stock options for 400k shares.
- Kuick severance: 6 months base plus pro-rated bonus; Rosen severance: 1 year base plus pro-rated bonus.
- Both continue vesting in prior equity grants; no family relationships or material transactions per Item 404(a).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705012/000149315223015199/0001493152-23-015199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705012/000149315223015199/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-015199

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer