Every 8-K that FAT Brands Inc. (FAT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FAT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FAT filings page.
FAT Brands Inc. and Twin Hospitality Group Inc. report court approval of a comprehensive Chapter 11 global settlement and final DIP financing. The U.S. Bankruptcy Court approved a Global Settlement and Final DIP Order on May 19, 2026, enabling four asset sale transactions, primarily via credit bids by the WBS Ad Hoc Group for substantially all company assets, with alternative sales for brands such as Hot Dog on a Stick and Elevation Burger.
The settlement requires the debtors to file and confirm a Chapter 11 plan of liquidation on an accelerated schedule, wind down remaining estates, and form a Liquidation Trust to pursue retained causes of action and distribute recoveries through a multi‑tranche waterfall to NewCos, unsecured creditors, Resid Noteholders and Prepetition Noteholders. NewCos will contribute an additional $9.23 million to fund sale consummation costs, the plan process and Specified Taxes, while at least $1.5 million will seed the Liquidation Trust. A wind‑down budget projects total cash receipts of $35.4 million against operating, non‑recurring and bankruptcy‑related disbursements that produce a cumulative net cash outflow of $33.8 million, leaving closing cash of about $2.8 million after sales close.
FAT Brands Inc. and subsidiary Twin Hospitality Group Inc., which are in voluntary chapter 11 proceedings, appointed Keshav Lall as interim Chief Executive Officer effective April 29, 2026. He also became interim CEO of certain other direct and indirect subsidiaries.
Lall is a founding partner at advisory firm Uzzi & Lall and has extensive restructuring experience, including prior roles as Chief Restructuring Officer for multiple debtors. His services are provided under an Engagement Letter between FAT Brands and Uzzi & Lall dated April 26, 2026, which grants Uzzi & Lall compensation of $100,000 per month. The filing notes no family relationships or related-party transactions requiring disclosure.
FAT Brands Inc. and Twin Hospitality Group Inc. detail major restructuring steps taken during ongoing chapter 11 proceedings. The companies entered an amended stipulation that sends Executive Andrew Wiederhorn on a temporary leave, terminates his existing employment agreements and provides for up to $5.0 million in aggregate payments to him, funded through new debtor‑in‑possession (DIP) facilities.
The stipulation also ends the employment of three Wiederhorn family executives and reduces each board to two independent directors, Patrick Bartels and Neal Goldman, after the resignation of all other directors. Separately, the debtors executed a Debtor‑In‑Possession Credit Agreement providing two superpriority term loan DIP facilities with combined capacity of about $307.6 million at 12.0% interest, including both new money and roll‑up loans, to fund operations and a court‑supervised sale process while in chapter 11.
FAT Brands Inc. received a Nasdaq delisting notice after starting voluntary Chapter 11 bankruptcy proceedings on January 26, 2026. Nasdaq determined that the company’s securities will be delisted based on the bankruptcy, related public interest concerns, questions about residual equity value, and doubts about ongoing listing compliance.
Trading in the Class A Common Stock (FAT), Class B Common Stock (FATBB), and Series B Cumulative Preferred Stock (FATBP) is expected to be suspended at the opening of business on February 4, 2026, followed by a Form 25-NSE to remove them from Nasdaq. FAT Brands does not plan to appeal and expects these securities to move to the Pink Limited Market, which the company warns is a much less liquid venue. The company cautions that trading during the Chapter 11 cases is highly speculative and that holders of its securities could face a complete or significant loss of their investment.
FAT Brands Inc. and all its subsidiaries have commenced voluntary Chapter 11 bankruptcy cases in the U.S. Bankruptcy Court for the Southern District of Texas and are continuing to operate as debtors-in-possession while seeking “first day” relief to support ongoing operations. The filing triggers events of default under multiple debt instruments, including approximately $110 million of FB Resid Holding I, LLC secured notes, $201 million of FAT Brands Royalty I, LLC secured notes, $410 million of FAT Brands GFG Royalty I, LLC secured notes, $140 million of FAT Brands Fazoli’s Native I, LLC secured notes and other loans and equipment financings. The company cautions that trading in its securities is highly speculative and that holders of its common shares could suffer a complete or significant loss depending on the outcome of the Chapter 11 process.
The Board expanded from 14 to 15 members and appointed two independent restructuring directors, Patrick Bartels and Neal Goldman, who will also serve as a special committee overseeing restructuring matters, each receiving $40,000 per month plus a potential $7,500 per-diem fee in certain situations. The Board also appointed John DiDonato of Huron as Chief Restructuring Officer and Abhimanyu Gupta of Huron as Deputy Chief Restructuring Officer to lead the restructuring efforts.
FAT Brands Inc. reported that on January 8, 2026 it received separate written notices from Nasdaq’s Listing Qualifications Staff indicating that its Class A Common Stock and Class B Common Stock were not in compliance with certain Nasdaq listing requirements during a period between November 2025 and January 2026.
The company stated that these Nasdaq notices have no immediate effect on the listing or trading of either class of common stock on The Nasdaq Capital Market. However, FAT Brands explained that if it does not regain compliance with the applicable minimum Nasdaq listing requirements or other continued listing standards within the referenced compliance or extension periods, one or both classes of common stock could be delisted.
The company noted it would have the right to appeal any Nasdaq determination to delist its securities, but there is no assurance that Nasdaq staff would grant any request for continued listing or additional time to regain compliance.
FAT Brands Inc. reported new compensation arrangements for three named executive officers. On December 31, 2025, the company entered into letter agreements with Chief Financial Officer Kenneth Kuick, Chief Operating Officer Thayer Wiederhorn, and Chief Development Officer Taylor Wiederhorn. Each agreed to waive previously granted but unpaid bonuses for fiscal year 2024, and the company paid 50% of those amounts as retention bonuses: $500,000 for Kuick and $550,000 each for Thayer and Taylor Wiederhorn, paid on January 2, 2026.
In addition, the base salary for each executive increased from $550,000 to $950,000 effective January 1, 2026. Keeping both the retention bonuses and salary increases depends on continued employment through the earlier of June 30, 2026 or specified milestones if the company were to file for protection under the U.S. Bankruptcy Code. If an executive resigns voluntarily (other than due to death or disability) or is terminated for cause before that time, he must repay the retention bonus and salary increase amounts already received, net of taxes.
FAT Brands Inc. reports that its subsidiary FB Resid Holdings I, LLC has received a notice of acceleration on its fixed rate secured notes. UMB Bank, as trustee under the FB Resid Indenture, has declared the outstanding principal, accrued interest, and all other amounts under the FB Resid Notes immediately due and payable. The aggregate principal outstanding is $158.9 million, or $110.0 million net of notes retained by the Company, with approximately $9.9 million of accrued and unpaid interest. FB Resid currently does not have cash on hand to pay these amounts, and the Company warns that the acceleration or any foreclosure may materially and adversely affect the business, financial condition and liquidity of both FB Resid and FAT Brands, and could lead FB Resid and/or the Company and certain subsidiaries to seek to reorganize through bankruptcy. The notes are secured by management fee and residual cash flows from securitization affiliates and by 44,638,745 pledged shares of Twin Hospitality Group Inc. Class A common stock, representing about 22.5% of Twin Hospitality’s voting control. FAT Brands also discloses that director James Ellis resigned from the boards of the Company and Twin Hospitality Group Inc. for personal reasons.
FAT Brands Inc. reports that key securitization lenders have accelerated payment of its franchise-backed debt after prior events of default. Notes issued by four special purpose subsidiaries have been declared immediately due, including $1,256.5 million in aggregate principal, or $1,153.6 million net of notes the company holds, plus about $43.2 million of accrued and unpaid interest. The company and its securitization issuers currently lack the cash to pay these amounts, and the acceleration or any later foreclosure on collateral could materially harm its business, financial condition and liquidity and could lead the company or its subsidiaries to seek reorganization through bankruptcy. FAT Brands is continuing talks with noteholder representatives about potential refinancing or restructuring transactions but gives no assurance that an acceptable agreement will be reached.
FAT Brands Inc. furnished Cleansing Material after entering a confidentiality agreement with certain holders of notes issued by its special purpose, whole business securitization financing subsidiaries and Twin Hospitality Group Inc. The agreement allowed discussions about a potential refinancing, restructuring or similar transaction with those noteholders. No agreement has been reached.
The Cleansing Material is attached as Exhibit 99.1 and, along with the Item 7.01 disclosure, is being furnished rather than filed, meaning it is not subject to Section 18 liability or automatically incorporated into other filings.
FAT Brands Inc. (FAT) filed an 8-K stating it furnished a press release and supplemental materials covering financial results for the thirteen and thirty-nine week periods ended September 28, 2025. The company also held a conference call on November 5, 2025, with a replay available until November 26, 2025 (U.S. 1-844-512-2921; Int’l 1-412-317-6671; passcode 13755607). The materials and webcast are available in the Investors section of the company’s website. The information was furnished, not filed, under the Exchange Act.
FAT Brands Inc. has entered into a proposed settlement to resolve two stockholder derivative lawsuits in the Delaware Court of Chancery related to its December 2020 merger with Fog Cutter Capital Group and its June 2021 recapitalization. The settlement resolves all claims against the company and its current and former directors and officers without any liability or wrongdoing attributed to them personally or to the company.
Under the terms, the board has agreed to adopt and implement specified corporate governance modifications. In addition, the company’s insurers will pay $10 million to FAT Brands, from which plaintiffs’ attorneys’ fees and expenses will be deducted, and Fog Cutter Holdings LLC will contribute 200,000 shares of Twin Hospitality Group Inc. to the company. The Delaware Court of Chancery must approve the settlement before the claims are dismissed.