{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-004252","form_type":"8-K","ticker":"FATAQ","cik":"0001705012","company_name":"Fat Brands, Inc","filed_at":"2025-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.509863+00:00","generated_at":"2026-05-27T05:37:42.301217+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"FAT Brands completes spin-off of Twin Hospitality; distributes 5% stake to shareholders","bullets":["On Jan 29, 2025, FAT Brands completed the spin-off of Twin Hospitality (TWNP) via a pro rata distribution of 5.0% of Twin shares to FAT stockholders as of Jan 27.","Stockholders received 0.1520207 shares of Twin Class A common per FAT Class A or B share held; Twin started trading on Nasdaq under TWNP.","FAT Brands retained approx. 80.1% ownership in Twin; entered Master Separation and Tax Matters Agreements on Jan 24 to govern ongoing relationship.","Master Separation Agreement includes registration rights, anti-dilution option, cross-indemnities, and employee non-solicit for 2 years.","Tax Matters Agreement allocates tax liabilities and provides for potential future additional distributions of remaining Twin shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-004252","json":"https://secwatch.observer/filing/0001493152-25-004252.json","markdown":"https://secwatch.observer/filing/0001493152-25-004252.md","text":"https://secwatch.observer/filing/0001493152-25-004252.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1705012/000149315225004252/0001493152-25-004252-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1705012/000149315225004252/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T05:37:42.301217+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}