---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-025254"
form_type: "8-K"
ticker: "FATAQ"
cik: "0001705012"
company_name: "Fat Brands, Inc"
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T05:00:42.746959+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Former CEO Andrew Wiederhorn exits as CEO, signs separation & consulting deal; $950k final bonus, $1,850/hr fee

## Summary
- Former CEO Andrew Wiederhorn resigned effective May 5, 2023; now provides consulting via Fog Cutter Consulting Corp.
- Separation agreement includes $950,000 final bonus for 2023; stock options continue vesting during consulting term.
- Consulting agreement pays Fog Cutter Consulting $1,850 per hour; Wiederhorn also receives standard board fees as director.
- Company advances all attorney fees and expenses to Wiederhorn related to pending litigation and investigations, no clawback.
- Mutual releases of claims; Wiederhorn agrees to cooperate with company on investigations and legal matters.

## SEC filing metadata
- accession: 0001493152-23-025254
- form_type: 8-K
- ticker: FATAQ
- cik: 0001705012
- company_name: Fat Brands, Inc
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705012/000149315223025254/0001493152-23-025254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705012/000149315223025254/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-025254
- JSON: https://secwatch.observer/filing/0001493152-23-025254.json
- Plain text: https://secwatch.observer/filing/0001493152-23-025254.txt

## Key facts
- Executive change
  Andrew A. Wiederhorn resigned as Chief Executive Officer at Fat Brands, Inc.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: As previously announced, Andrew A. Wiederhorn resigned as Chief Executive Officer of FAT Brands Inc. (the “ Company ”) effective as of May 5, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000149315223025254/0001493152-23-025254-index.htm

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