{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-000309","form_type":"8-K","ticker":"FATAQ","cik":"0001705012","company_name":"Fat Brands, Inc","filed_at":"2025-03-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.510858+00:00","generated_at":"2026-05-24T06:42:45.524972+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"confidence":"high","headline":"FAT Brands reduces stock option exercise prices by $2.60 per share after Twin Peaks spin-off","bullets":["Board approved reducing all outstanding stock option exercise prices by $2.599553 per share on March 18, 2025.","Adjustment applies to options held by officers, directors, and employees, vested and unvested, as of Jan 29, 2025 Distribution Date.","Reduction matches Nasdaq ex-dividend downward adjustment to FAT Common Stock from the Twin Hospitality Group spin-off.","No cash payments were made; adjusted exercise prices now range from $2.20 to $8.83 per share depending on grant.","Specific adjustments listed for directors and named executive officers, including Co-CEOs Robert Rosen and Kenneth Kuick."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-000309","json":"https://secwatch.observer/filing/0001641172-25-000309.json","markdown":"https://secwatch.observer/filing/0001641172-25-000309.md","text":"https://secwatch.observer/filing/0001641172-25-000309.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1705012/000164117225000309/0001641172-25-000309-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1705012/000164117225000309/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T06:42:45.524972+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"}