secwatch.observer — SEC 8-K summary
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Issuer:     Fat Brands, Inc (FATAQ)
CIK:        0001705012
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001493152-23-026082
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

FAT Brands expands board to 12, appoints two new independent directors
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- Board increased from 11 to 12; Peter R. Feinstein and Matthew H. Green appointed effective July 25, 2023.
- Both new directors appointed to the Audit Committee; term expires at 2023 Annual Meeting.
- Feinstein is a retired CPA and part owner of two Fatburger franchises that paid Company $0.4M (2022) and $0.2M (2023YTD) in royalties.
- Green has over 30 years of merchant banking experience, focused on real estate, infrastructure, and energy.
- Standard non-employee director compensation: $120,000 annual cash plus options for 30,636 Class A shares vesting over three years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705012/000149315223026082/0001493152-23-026082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705012/000149315223026082/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-026082

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