Highest-materiality recent filing
FAT Brands appoints Keshav Lall as interim CEO; former CEO remains on leave amid Chapter 11
Keshav Lall appointed interim CEO of FAT Brands and Twin Hospitality Group effective April 29, 2026.
FAT Brands CEO Andrew Wiederhorn takes leave; board cut to 2; DIP financing of $307.6M secured
Andrew Wiederhorn (CEO/Chairman) takes temporary leave; family members Thayer, Taylor, Mason Wiederhorn terminated as officers.
FAT Brands receives Nasdaq delisting notice after Chapter 11 filing; trading to stop Feb 4
Delisting notice received Jan 28, 2026; Nasdaq cited Chapter 11 filing and public interest concerns.
FAT Brands files Chapter 11 bankruptcy to deleverage; over $1.3B in debt defaults
Company and subsidiaries filed Chapter 11 on Jan 26, 2026 in Southern District of Texas.
FAT Brands receives three Nasdaq deficiency notices; has until July 7, 2026 to cure
Class A common stock (FAT) failed minimum bid price of $1.00 for 30 consecutive business days.
FAT Brands enters retention bonus agreements with three NEOs; salaries raised to $950K
CFO Kenneth Kuick receives $500K retention bonus; COO Thayer Wiederhorn and CDO Taylor Wiederhorn each receive $550K.
FAT Brands 2025 annual meeting: all 13 director nominees elected; say-on-pay and auditor ratified
All 13 director nominees elected with >99.9% support; James Ellis resigned before meeting, nomination withdrawn.
FAT Brands subsidiary debt of $158.9M accelerated; director James Ellis resigns
FB Resid Holdings received acceleration notice for $158.9M principal ($110M net) plus ~$9.9M accrued interest.
FAT Brands receives acceleration notices on $1.26B securitization notes; lacks funds to pay
Acceleration notices received Nov 17 for $1,256.5M aggregate principal; $43.2M accrued interest due immediately.
FAT Brands in discussions with noteholders for potential refinancing/restructuring; no deal yet
Entered confidentiality agreement with holders of notes from special purpose subsidiaries, including Twin Hospitality Group Inc.
FAT Brands Q3 net loss $58.2M, revenue down 2.3%; plans debt restructuring and equity raise
Net loss $58.2M ($3.39/share) vs $44.8M loss ($2.74) YoY; negative EBITDA $(7.7)M vs positive $1.7M.
FAT Brands settles derivative lawsuits; gets $10M from insurers and 200K Twin Hospitality shares
Settlement resolves two Delaware Chancery derivative actions filed in 2021 and 2022 without admitting liability.
FAT Brands appoints founder Andrew Wiederhorn as President and CEO effective Sept 2, 2025
Andrew Wiederhorn returns as President and CEO; held same role from 2017 to May 2023.
Confidentiality agreement signed July 9, 2025 with holders of securitization notes to discuss refinancing or restructuring.
FAT Brands Q2 revenue down 3.4% to $146.8M; net loss widens to $54.2M
Net loss of $54.2M ($3.17 per diluted share) vs $39.4M loss ($2.43) in Q2 2024; adjusted net loss of $49.0M ($2.88).
Warrants (FATBW) expired at 4:00 PM ET on July 16, 2025; removed from Nasdaq listing.
FAT Brands Q1 revenue down 6.5% to $142M, net loss widens to $46M
Net loss $46.0M ($2.73/sh) vs $38.3M ($2.37) prior year; adjusted net loss $38.7M ($2.32).
FAT Brands appoints Taylor Wiederhorn as Co-CEO; Rob Rosen transitions to consultant
Rob Rosen stepped down as Co-CEO effective April 29, 2025; will serve as consultant at $45,833/month.
FAT Brands amends Fazoli's securitization, extends call and repayment dates to 2025-2026
Anticipated Call Date extended from July 2023 to October 2025; 1.0% extra interest if not repaid.
FAT Brands declares monthly Series B Preferred dividend of $0.171875/share
Monthly dividend on 8.25% Series B Cumulative Preferred Stock: $0.171875 per share.
FAT Brands reduces stock option exercise prices by $2.60 per share after Twin Peaks spin-off
Board approved reducing all outstanding stock option exercise prices by $2.599553 per share on March 18, 2025.
FAT Brands Q4 net loss $67.4M; plans refranchise Fazoli's, spin-out Twin Hospitality
Total revenue Q4 down 8.4% to $145.3M; net loss $67.4M ($4.06 diluted EPS) vs $26.2M loss in prior-year quarter.
FAT Brands declares monthly Series B preferred dividend of $0.171875/share
Monthly cash dividend of $0.171875 per share on Series B Cumulative Preferred Stock (8.25% annual rate).
Effective April 29, 2025, Robert Rosen stepped down from his position as Co-Chief Executive Officer of FAT Brands Inc. (the “ Company ”)
and Taylor Wiederhorn was appointed Co-Chief Executive Officer of the Company.
Max materiality 1.00 · Median 0.65 · Most common event other_material