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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 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. 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.