10-Q/A: FAT Brands Inc. Amends Q1 2025 Filing to Reflect Co-CEO Appointment
10-Q/A Amendment
FAT Brands Inc. files an amendment to its Q1 2025 report to update the Co-Chief Executive Officer certification.
Summary
- FAT Brands Inc. has filed an amendment (Amendment No. 1) to its Form 10-Q for the quarter ended March 30, 2025.
- The amendment's sole purpose is to replace the former Co-Chief Executive Officer with Taylor Wiederhorn, the recently appointed Co-Chief Executive Officer, in Exhibit 32.1.
- The original Form 10-Q was filed with the SEC on May 9, 2025.
- The amendment includes the cover page, explanatory note, Item 6 of Part II, the signature page, and certifications (Exhibits 31.1, 31.2, and 32.1).
- No other changes were made to the original Form 10-Q, and the amendment does not reflect events occurring after the original filing date.
- As of May 6, 2025, there were 16,550,997 shares of Class A common stock and 1,270,805 shares of Class B common stock outstanding.
Sentiment
Score: 7
Explanation: The document is a routine amendment, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects adherence to regulatory requirements.
Positives
- The company is adhering to regulatory requirements by promptly updating filings to reflect changes in key personnel.
Future Outlook
The amendment does not contain any forward-looking statements; it solely addresses a personnel update in the certification.
Industry Context
This filing is a routine amendment to ensure accurate representation of company leadership in official documents, which is a standard practice in corporate governance.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Co-Chief Executive Officer | Former Co-Chief Executive Officer | Taylor Wiederhorn | Recently Appointed | Appointment of new Co-CEO |
Stakeholder Impact
- The amendment ensures stakeholders have accurate information regarding the company's leadership.
Key Dates
| Date | Description |
|---|---|
| January 24, 2025 | Date of Master Separation and Distribution Agreement between FAT Brands Inc. and Twin Hospitality Group Inc. |
| January 24, 2025 | Date of Tax Matters Agreement between FAT Brands Inc. and Twin Hospitality Group Inc. |
| January 30, 2025 | Twin Hospitality Group Inc. filed a Current Report on Form 8-K referencing the Master Separation and Distribution Agreement and Tax Matters Agreement. |
| March 28, 2025 | Date of Omnibus Amendment No. 1 among FAT Brands Inc., FAT Brands Fazolis Native I, LLC, the Guarantors, UMB Bank, N.A., and each Noteholder. |
| March 30, 2025 | End of the quarterly period for the Form 10-Q/A. |
| April 3, 2025 | FAT Brands Inc. filed a Current Report on Form 8-K referencing the Omnibus Amendment No. 1. |
| May 6, 2025 | Date used to determine the number of outstanding shares of Class A and Class B common stock. |
| May 9, 2025 | Original filing date of the Form 10-Q with the SEC. |
| May 9, 2025 | Date of the amended filing (Form 10-Q/A). |
Keywords
FAT Brands, 10-Q/A, Amendment, Co-CEO, Taylor Wiederhorn, Certification, SEC Filing
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