secwatch.observer — SEC 8-K summary
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Issuer:     Fat Brands, Inc (FATAQ)
CIK:        0001705012
Form:       8-K
Filed at:   2025-03-24T23:59:59+00:00
Accession:  0001641172-25-000309
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

FAT Brands reduces stock option exercise prices by $2.60 per share after Twin Peaks spin-off
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705012/000164117225000309/0001641172-25-000309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705012/000164117225000309/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-000309

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