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 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 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.
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).
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 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 completes spin-off of Twin Hospitality; distributes 5% stake to shareholders
On Jan 29, 2025, FAT Brands completed the spin-off of Twin Hospitality (TWNP) via a pro rata distribution of 5.0% of Twin shares to FAT stockholders as of Jan 27.
Record date Jan 27, 2025; distribution date Jan 29, 2025; Twin Common Stock to trade as 'TWNP' on Nasdaq.
Issued $416,711,000 in Series 2024-1 fixed rate notes across four tranches with weighted average interest rate of 9.5% per annum.
Twin Hospitality Group Inc., wholly owned by FAT Brands, filed Form 10 with SEC for planned Nasdaq listing.
FAT Brands Q3 revenue up 31% to $143M; net loss expands to $44.8M, adjusted EBITDA drops
Revenue of $143.4M, up 31.1% YoY; net loss of $44.8M ($2.74/share) vs $24.7M loss a year ago.
Total revenue $152.0M, +42.4% YoY from $106.8M, driven by Smokey Bones acquisition and new openings.
DOJ indicts FAT Brands for extending $2.65M credit to former CEO; SEC files civil complaint
DOJ indictment charges FAT Brands with two Sarbanes-Oxley violations for $2.65M in loans to former CEO Wiederhorn in 2019-2020.
FAT Brands Q1 revenue up 43.8% to $152M; net loss widens to $38.3M
Total revenue $152.0M (+43.8% YoY) driven by Smokey Bones acquisition; system-wide same-store sales down 4.0%.
FAT Brands Q4 revenue up 52.8% to $158.6M; net loss narrows to $26.2M
Total revenue $158.6M (Q4 2023), up 52.8% YoY; full-year revenue $480.5M, up 18%.
FAT Brands, Andrew Wiederhorn and officers receive SEC Wells Notice
Wells Notice from SEC staff received Feb 15, 2024, related to previously disclosed investigation.
Effective April 29, 2026, the Company and TWNP each appointed Keshav Lall as its interim Chief Executive Officer, filling in for the former Chief Executive Officer who remains on a leave of absence pursuant to the Amended and Restated Stipulation and Agreed Order Regarding Mediated Agreement [Docket No. 472].
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.
appointed two new independent directors to fill the vacancies on the Board
appointed two new independent directors to fill the vacancies on the Board
Effective July 25, 2023, the Board of Directors (the “Board”) of FAT Brands Inc. (the “Company”) increased the size of the Board from eleven to twelve persons and appointed two new independent directors to fill the vacancies on the Board for a term expiring at the Company’s 2023 Annual Meeting of Stockholders.
Effective July 25, 2023, the Board of Directors (the “Board”) of FAT Brands Inc. (the “Company”) increased the size of the Board from eleven to twelve persons and appointed two new independent directors to fill the vacancies on the Board for a term expiring at the Company’s 2023 Annual Meeting of Stockholders.
As previously announced, Andrew A. Wiederhorn resigned as Chief Executive Officer of FAT Brands Inc. (the “ Company ”) effective as of May 5, 2023
On July 11, 2023, the Board of Directors (the “Board”) of FAT Brands Inc. (the “Company”) increased the size of the Board from ten to eleven persons, and appointed John C. Metz to fill the vacancy on the Board with a term expiring at the Company’s 2023 Annual Meeting of Stockholders.
The Board of Directors of FAT Brands Inc. (the “Company”) is deeply saddened to report that Kenneth Kepp, a Director of the Company, passed away unexpectedly on June 13, 2023.
Andrew Wiederhorn resigned as Chief Executive Officer of the Company with an effective date of May 5, 2023, and became an outside consultant and strategic advisor to the Company on such date.
Kenneth Kuick and Robert Rosen, who began serving as Co-Chief Executive Officers ("Co-CEO's") of the Company on May 5, 2023.
Max materiality 1.00 · Median 0.60 · Most common event dividend