Andrew Wiederhorn joins Twin Hospitality (NASDAQ: TWNP) as board chair
Rhea-AI Filing Summary
Twin Hospitality Group Inc. appointed Andrew Wiederhorn to its Board of Directors effective August 18, 2025, filling a board vacancy and naming him Chairman for a term running through the 2025 annual meeting. Wiederhorn, age 59, is the founder and Chairman of parent company FAT Brands Inc. and previously served as its President and CEO from March 2017 to May 2023.
As a non-employee director, he will receive $100,000 in annual cash compensation and annual stock options for 10,000 shares. For consulting services provided since Twin Hospitality’s January 2025 spin-off, he also received 300,000 restricted shares under the Management Equity Plan. His adult children Thayer, Taylor, and Mason Wiederhorn, who consult to the company, each received 200,000 restricted shares; he is stated to have no interest in their awards and does not share a household with them.
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8-K Event Classification
FAQ
What board change did Twin Hospitality Group Inc. (TWNP) disclose?
Twin Hospitality Group Inc. appointed Andrew Wiederhorn as a director and named him Chairman of the Board, effective August 18, 2025, to fill a vacancy with a term expiring at the 2025 annual meeting.
Who is Andrew Wiederhorn in relation to Twin Hospitality (TWNP) and FAT Brands?
Andrew Wiederhorn is the founder and Chairman of FAT Brands Inc., Twin Hospitality’s parent company, and previously served as President and CEO of FAT Brands from March 2017 to May 2023.
What compensation will Andrew Wiederhorn receive as a Twin Hospitality (TWNP) director?
As a non-employee director, Andrew Wiederhorn will receive $100,000 in annual cash compensation and an annual stock option grant for 10,000 shares of Twin Hospitality common stock.
What equity awards did Andrew Wiederhorn receive for consulting to Twin Hospitality (TWNP)?
For consulting services provided since Twin Hospitality’s January 2025 spin-off, Andrew Wiederhorn received an award of 300,000 restricted shares of common stock under the company’s Management Equity Plan.
Did Andrew Wiederhorn’s adult children receive Twin Hospitality (TWNP) equity?
Yes. His adult children Thayer, Taylor, and Mason Wiederhorn, who provide consulting services to Twin Hospitality, each received 200,000 restricted shares from the Management Equity Plan. The filing states Andrew Wiederhorn has no interest in these awards and does not share a household with them.
When did Andrew Wiederhorn’s appointment to Twin Hospitality’s board become effective?
His appointment as a director and Chairman of the Board became effective on August 18, 2025, and his term runs until Twin Hospitality’s 2025 Annual Meeting of Stockholders.