Fat Brands, Inc

Overview

• IndustryRetail-Eating Places¹
• HeadquartersBeverly Hills, California¹
• Incorporated inDE³
• Business address9720 Wilshire Blvd.,, Suite 500, Beverly Hills, Ca 90212³
• Filer categoryNon-accelerated filer, Smaller reporting company³

See how the biggest companies compare on our leaderboards

FAT Brands Inc. is a leading multi-brand restaurant company that develops, markets, acquires and manages quick service, fast casual, casual dining and polished casual dining restaurant concepts around the world. We operate primarily as a franchisor of restaurants, where we generally do not own or operate the restaurant locations but rather generate revenue by charging franchisees an initial franchise fee as well as ongoing royalties. This “asset light” franchisor model provides us with the opportunity for strong profit margins and an attractive free cash flow profile while minimizing restaurant operating company risk, such as long-term real estate commitments or capital investments. For some of our brands, we also directly own and operate restaurant locations in addition to franchising restaurants.⁴ From its latest annual report

Corporate structure

Fat Brands, Inc sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Fat Brands, Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Real estate and locations

Intangibles and goodwill

Inventory

Properties, in its own words

Our corporate headquarters, including our principal administrative, sales and marketing, customer support, and research and development operations, are located in Beverly Hills, California, comprising approximately 15,000 square feet of space, pursuant to a lease that expires on January 31, 2031.

Our subsidiary, GFG Management, LLC, leases an approximately 16,000 square foot warehouse location in Atlanta, GA under a lease expiring on May 31, 2029.

Item 2 of the 10-K filed Feb 28, 2025.⁴

Leadership

Who has led Fat Brands, Inc, and when. Pick a name to see everywhere that person has worked.

• Chief executive officerKenneth J. Kuick May 1, 2023 to now¹⁴
• Chief executive officerAndrew Wiederhorn Oct 23, 2017 to Dec 7, 2022¹⁵
• ChairJames C. Neuhauser Jul 13, 2022 to Aug 4, 2022¹⁶
• PresidentAndrew Wiederhorn Aug 26, 2021 to Dec 7, 2022¹⁷
• PresidentToni Mario Bianco Feb 23, 2018 to Feb 23, 2018¹⁸
• PresidentDonald Berchtold Oct 23, 2017 to Oct 23, 2017¹⁹
• PresidentGregg Nettleton Nov 27, 2017 to Nov 27, 2017²⁰
• Chief financial officerKenneth J. Kuick May 25, 2021 to now²¹
• Chief financial officerRebecca D. Hershinger Aug 16, 2018 to Jan 7, 2019²²
• Chief financial officerRon Roe Nov 27, 2017 to Nov 27, 2017²³
• Chief operating officerThayer Donald Wiederhorn Nov 18, 2021 to now²⁴
• Chief operating officerToni Mario Bianco Feb 23, 2018 to Feb 23, 2018¹⁸
• Chief operating officerDonald Berchtold Oct 23, 2017 to Oct 23, 2017¹⁹
• Chief operating officerGregg Nettleton Nov 27, 2017 to Nov 27, 2017²⁰

Timeline

1. Jun 18, 20268-K Entered a material agreement; Completed an acquisition or sale⁵¹
2. Jun 4, 20268-K Regulation FD disclosure⁵²
3. Apr 29, 20268-K Executive or director change⁵³
4. Mar 30, 20268-K Entered a material agreement; New debt or obligation; Executive or director change⁵⁴
5. Jan 30, 20268-K Listing notice or transfer⁵⁵
6. Jan 27, 20268-K Bankruptcy or receivership; Debt or obligation accelerated; Executive or director change⁵⁶
7. Jan 9, 20268-K Listing notice or transfer⁵⁷
8. Jan 7, 20268-K Executive or director change⁵⁸
9. Dec 31, 20258-K Executive or director change; Shareholder vote⁵⁹
10. Dec 2, 20258-K Debt or obligation accelerated; Executive or director change⁶⁰
11. Nov 21, 20258-K Debt or obligation accelerated⁶¹
12. Nov 14, 20258-K Regulation FD disclosure⁶²
13. May 1, 2023New chief executive Kenneth J. Kuick becomes CEO¹⁴
14. Oct 23, 2017New chief executive Andrew Wiederhorn becomes CEO¹⁵

Calendar

When it reported results

1. Nov 5, 2025Reported quarterly or annual results⁶³
2. Jul 30, 2025Reported quarterly or annual results⁶⁴
3. May 8, 2025Reported quarterly or annual results⁶⁵
4. Feb 27, 2025Reported quarterly or annual results⁶⁶
5. Oct 30, 2024Reported quarterly or annual results⁶⁷
6. Jul 31, 2024Reported quarterly or annual results⁶⁸
7. May 1, 2024Reported quarterly or annual results⁶⁹
8. Mar 7, 2024Reported quarterly or annual results⁷⁰

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

328 filings to the SEC since October 2021: 4 annual reports, 14 quarterly reports, 134 major events, 127 insider forms, 13 large holders, 36 other. The latest 20:

1. Jun 18, 20268-K EDGAR
2. Jun 4, 20268-K EDGAR
3. May 18, 2026SCHEDULE 13G/A EDGAR
4. Apr 29, 20268-K EDGAR
5. Apr 23, 2026SEC STAFF ACTION EDGAR
6. Apr 23, 2026SEC STAFF ACTION EDGAR
7. Mar 30, 20268-K EDGAR
8. Feb 13, 2026SCHEDULE 13G/A EDGAR
9. Feb 11, 2026SCHEDULE 13G/A EDGAR
10. Feb 6, 20263 EDGAR
11. Feb 3, 20264 EDGAR
12. Jan 30, 20268-K EDGAR
13. Jan 27, 20268-K EDGAR
14. Jan 9, 20268-K EDGAR
15. Jan 7, 20268-K EDGAR
16. Dec 31, 20258-K EDGAR
17. Dec 22, 2025SCHEDULE 13D/A EDGAR
18. Dec 16, 2025DEFA14A EDGAR
19. Dec 10, 20254 EDGAR
20. Dec 2, 20258-K EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

72 open-market trades by officers, directors and large owners since October 2021: 35 buys and 37 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• Muhammad Asif SeemabSCHEDULE 13G/A, 3 filings Nov 26, 2025 to May 18, 2026⁷¹
• HOT GFG LLCSCHEDULE 13G/A, 3 filings Mar 8, 2022 to Feb 13, 2026⁷²
• Gregory FortunoffSCHEDULE 13D/A, 2 filings Aug 25, 2022 to Dec 22, 2025⁷³
• Fog Cutter Holdings, LLCSC 13D/A, 3 filings Dec 20, 2022 to Sep 26, 2024⁷⁴
• GEODE CAPITAL MANAGEMENT, LLCSC 13G/A, 2 filings Feb 9, 2022 to Feb 14, 2023⁷⁵

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

SEC filer profile

How Fat Brands, Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARFat Brands, Inc¹
• CIK0001705012
• Employer ID (EIN)82-1302696⁴
• Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company⁴
• Incorporated inDelaware⁴
• Fiscal year endsDecember 28¹
• Industry code (SIC)5812 Retail-Eating Places¹
• SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance¹
• Business address9720 Wilshire Blvd.,, Suite 500, Beverly Hills, CA 90212¹
• Phone310-406-0600¹
• Shares outstanding16,521,884 Common Class A shares; 1,270,805 Common Class B shares as of Feb 24, 2025⁴
• Public float$40.7M as of Jun 30, 2024⁴
• AuditorMacias Gini & O'Connell LLP, Irvine, CA PCAOB ID 324; no auditor attestation of internal control over financial reporting⁴
• On EDGAR sinceJun 1, 2017¹
• Filings650 in all: 4 (209), 8-K (204), 3 (36), 10-Q (25), CORRESP (22), UPLOAD (14), 8-K/A (10), DEF 14A (9)¹
  All 48 form types

  10-K (8), 1-A/A (7), 4/A (7), S-1/A (7), SC 13D/A (7), 424B5 (5), EFFECT (5), FWP (5), S-3 (5), SC 13G (5), SC 13G/A (5), QUALIF (4), 8-A12B (3), DEFA14A (3), S-3/A (3), S-8 (3), SCHEDULE 13G/A (3), 1-A (2), 1-A POS (2), 25-NSE (2), 253G1 (2), 253G2 (2), ARS (2), CERT (2), DEF 14C (2), PRE 14A (2), PRE 14C (2), S-1 (2), SC 13D (2), SEC STAFF ACTION (2), 10-K/A (1), 10-Q/A (1), 424B1 (1), 424B3 (1), 424B4 (1), CERTNAS (1), DEFR14A (1), DOS (1), SCHEDULE 13D/A (1), SCHEDULE 13G (1)

• Latest filingsAnnual report (10-K) Feb 28, 2025
  Quarterly report (10-Q) Nov 12, 2025
  Proxy statement (DEF 14A) Nov 13, 2025
  Latest 8-K (8-K) Jun 18, 2026

Securities registered for trading

From the cover page of the 10-K filed Feb 28, 2025 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

The risks Fat Brands, Inc names in Item 1A of its 10-K filed Feb 28, 2025: 38 risks under these headings, as written.⁴

• Risks Related to Our Franchised Business Model
• Our operating and financial results and growth strategies are closely tied to the success of our franchisees.
• Our franchisees could take actions that could harm our business and may not accurately report sales.
• If we fail to identify, recruit and contract with a sufficient number of qualified franchisees, our ability to open new franchised restaurants and increase our revenues could be materially adversely affected.
• If we fail to open new domestic and international franchisee-owned restaurants on a timely basis, our ability to increase our revenues could be materially adversely affected.
• Negative publicity relating to one of our franchised restaurants could reduce sales at some or all of our other franchised restaurants.
• Our brands’ value may be limited or diluted through franchisee and third-party activity.
• Risks Relating to Our Business and Operations
• We have significant outstanding indebtedness under our whole-business securitization facilities, which require that we generate sufficient cash flow to satisfy the payment and other obligations under the terms of our debt and exposes us to the risk of default and lender remedies.
• We may pursue opportunistic acquisitions of additional brands, and we may not find suitable acquisition candidates or successfully operate or integrate any brands that we may acquire.
• Food safety and foodborne illness concerns may have an adverse effect on our business.
• The sale of alcoholic beverages at Twin Peaks and Smokey Bones Restaurants subjects us to additional regulations and potential liability.

Legal proceedings

Government Investigations and Litigation

In December 2021, the U.S. Attorney’s Office for the Central District of California (the “U.S. Attorney”) and the U.S. Securities and Exchange Commission (the “SEC”) informed the Company that they had opened investigations relating to the Company and our former CEO, Andrew Wiederhorn, and were formally seeking documents and materials concerning, among other things, the Company’s December 2020 merger with Fog Cutter Capital Group Inc. (“FCCG”), transactions between those entities and Mr. Wiederhorn, as well as compensation, extensions of credit and other benefits or payments received by Mr. Wiederhorn or his family from those entities prior to the merger.

On May 10, 2024, the U.S. Department of Justice (“DOJ”) indicted the Company on two violations of Section 402 of the Sarbanes-Oxley Act for directly and indirectly extending and/or arranging for the extension of credit in 2019 and 2020 to former CEO Andrew Wiederhorn in the amount of $2.65 million. These charges allege that the Company, through its subsidiary Fatburger N.A., transferred approximately $600,000 to Mr. Wiederhorn in the form of a personal loan on January 30, 2019, and lent approximately $2 million in 2020 to its former parent company FCCG which indirectly funded a personal loan from FCCG

to Mr. Wiederhorn. The indictment also includes charges against Mr. Wiederhorn, the Company’s former CFO, Rebecca Hershinger, and the Company’s former tax advisor, William Amon, on violations of various federal tax and other laws related to loans from FCCG to Mr. Wiederhorn.

The opening of Item 3, Legal Proceedings.⁴