FAT Brands enters retention bonus agreements with three NEOs; salaries raised to $950K

Fat Brands, Inc

CFO Kenneth Kuick receives $500K retention bonus; COO Thayer Wiederhorn and CDO Taylor Wiederhorn each receive $550K.
Base salaries increased from $550K to $950K effective January 1, 2026.
Retention bonuses and salary increases subject to clawback if NEOs leave before June 30, 2026 or bankruptcy emergence.
NEOs waived unpaid 2024 bonuses in exchange for 50% retention payments paid on January 2, 2026.
Letter agreements reference potential Chapter 11 filing; continued employment is condition for keeping compensation.

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