{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-025763","form_type":"8-K","ticker":"FATAQ","cik":"0001705012","company_name":"Fat Brands, Inc","filed_at":"2025-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.209583+00:00","generated_at":"2026-05-16T15:45:20.425408+00:00","sec_items":["2.04","5.02"],"event_type":"debt","sentiment":"negative","materiality_score":0.9,"confidence":"high","headline":"FAT Brands subsidiary debt of $158.9M accelerated; director James Ellis resigns","bullets":["FB Resid Holdings received acceleration notice for $158.9M principal ($110M net) plus ~$9.9M accrued interest.","FB Resid cannot pay; acceleration may lead to bankruptcy proceedings for FB Resid and/or FAT Brands.","Notes secured by 44.6M shares of Twin Hospitality Group (22.5% voting control); UMB may now vote/sell those shares.","James Ellis resigned as director of FAT Brands and Twin Hospitality effective Nov 25, 2025, citing personal reasons.","Default previously disclosed on Nov 3, 2025; acceleration triggers immediate repayment demand."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-025763","json":"https://secwatch.observer/filing/0001493152-25-025763.json","markdown":"https://secwatch.observer/filing/0001493152-25-025763.md","text":"https://secwatch.observer/filing/0001493152-25-025763.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1705012/000149315225025763/0001493152-25-025763-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1705012/000149315225025763/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:45:20.425408+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"}