{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-003696","form_type":"8-K","ticker":"FATAQ","cik":"0001705012","company_name":"Fat Brands, Inc","filed_at":"2026-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.948626+00:00","generated_at":"2026-05-16T07:34:01.598396+00:00","sec_items":["1.03","2.04","5.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"confidence":"high","headline":"FAT Brands files Chapter 11 bankruptcy to deleverage; over $1.3B in debt defaults","bullets":["Company and subsidiaries filed Chapter 11 on Jan 26, 2026 in Southern District of Texas.","Total outstanding debt in default across 11 instruments: ~$1.3B (including $410M GFG Royalty, $403M Twin Hospitality).","Board expanded to 15; appointed independent restructuring directors Patrick Bartels and Neal Goldman.","John DiDonato named Chief Restructuring Officer; Abhimanyu Gupta named Deputy CRO.","Equity holders warned of possible complete loss; NASDAQ continues with 'Q' suffix."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-003696","json":"https://secwatch.observer/filing/0001493152-26-003696.json","markdown":"https://secwatch.observer/filing/0001493152-26-003696.md","text":"https://secwatch.observer/filing/0001493152-26-003696.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226003696/0001493152-26-003696-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1705012/000149315226003696/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T07:34:01.598396+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"}