8-K 1 form8-k.htm












Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): April 22, 2021


FAT Brands Inc.

(Exact name of Registrant as Specified in Its Charter)


Delaware   001-38250   82-1302696
(State or Other Jurisdiction   (Commission   (IRS Employer
of Incorporation)   File Number)   Identification No.)


9720 Wilshire Blvd., Suite 500

Beverly Hills, CA

(Address of Principal Executive Offices)   (Zip Code)


Registrant’s Telephone Number, Including Area Code: (310) 319-1850


Not Applicable

(Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):


[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.0001 per share   FAT   The Nasdaq Stock Market LLC
Series B Cumulative Preferred Stock, par value $0.0001 per share   FATBP   The Nasdaq Stock Market LLC
Warrants to purchase Common Stock   FATBW   The Nasdaq Stock Market LLC


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).


Emerging growth company [X]


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [X]






Item 8.01 Other Events.


On various dates during the fiscal year ending December 27, 2020, FAT Brands Inc. (the “Company”) declared and paid monthly cash dividends on its 8.25% Series B Cumulative Preferred Stock (“Series B Preferred Stock”). The table below summarizes the income tax treatment of each dividend paid by the Company in fiscal 2020 to holders of its Series B Preferred Stock:


Record Date  Payment Date  Dividend per share  

Ordinary Income


Capital Gain Income

   Return of Capital 
08/10/2020  08/20/2020  $0.091667   $    %  $    %  $  0.091667    100.00%
09/10/2020  09/21/2020   0.171875        %       %   0.171875    100.00%
10/09/2020  10/20/2020   0.171875        %       %   0.171875    100.00%
11/10/2020  11/20/2020   0.171875        %       %   0.171875    100.00%
12/10/2020  12/21/2020   0.171875        %       %   0.171875    100.00%
Total     $0.779167   $    %  $    %  $0.779167    100.00%


The Company encourages holders of the Series B Preferred Stock to consult with their own tax advisors with respect to the federal, state and local, and foreign income tax effects of these dividends.






Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


Date: April 22, 2021


  FAT Brands Inc.
  By:  /s/ Andrew A. Wiederhorn
    Andrew A. Wiederhorn
    Chief Executive Officer