BurgerFi International Inc.

02/22/2021 | Press release | Archived content

Current report filing Documents EX-99.1

<_ix3a_header> <_ix3a_hidden> <_ix3a_nonnumeric name='dei:AmendmentFlag' contextref='duration_2021-02-17_to_2021-02-17'>false <_ix3a_nonnumeric id='Hidden_dei_EntityCentralIndexKey' name='dei:EntityCentralIndexKey' contextref='duration_2021-02-17_to_2021-02-17'>0001723580 <_ix3a_references> <_link3a_schemaref _xlink3a_type='simple' _xlink3a_href='bfi-20210217.xsd' _xlink3a_arcrole='http://www.xbrl.org/2003/linkbase' _xmlns3a_xlink='http://www.w3.org/1999/xlink' _xmlns3a_link='http://www.xbrl.org/2003/linkbase'> <_ix3a_resources> <_xbrli3a_context id='duration_2021-02-17_to_2021-02-17'> <_xbrli3a_entity> <_xbrli3a_identifier scheme='http://www.sec.gov/CIK'>0001723580 <_xbrli3a_period> <_xbrli3a_startdate>2021-02-17 <_xbrli3a_enddate>2021-02-17 <_xbrli3a_context id='duration_2021-02-17_to_2021-02-17_us-gaap-StatementClassOfStockAxis_bfi-CommonStockParValue00001PerShareMember'> <_xbrli3a_entity> <_xbrli3a_identifier scheme='http://www.sec.gov/CIK'>0001723580 <_xbrli3a_segment> <_xbrldi3a_explicitmember dimension='us-gaap:StatementClassOfStockAxis'>bfi:CommonStockParValue00001PerShareMember <_xbrli3a_period> <_xbrli3a_startdate>2021-02-17 <_xbrli3a_enddate>2021-02-17 <_xbrli3a_context id='duration_2021-02-17_to_2021-02-17_us-gaap-StatementClassOfStockAxis_bfi-RedeemableWarrantsEachExercisableForOneShareOfCommonStockAtExercisePriceOf1150PerShareMember'> <_xbrli3a_entity> <_xbrli3a_identifier scheme='http://www.sec.gov/CIK'>0001723580 <_xbrli3a_segment> <_xbrldi3a_explicitmember dimension='us-gaap:StatementClassOfStockAxis'>bfi:RedeemableWarrantsEachExercisableForOneShareOfCommonStockAtExercisePriceOf1150PerShareMember <_xbrli3a_period> <_xbrli3a_startdate>2021-02-17 <_xbrli3a_enddate>2021-02-17

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form <_ix3a_nonnumeric name='dei:DocumentType' contextref='duration_2021-02-17_to_2021-02-17'>8-K

Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

<_ix3a_nonnumeric name='dei:DocumentPeriodEndDate' contextref='duration_2021-02-17_to_2021-02-17' format='ixt:datemonthdayyearen'>February 17, 2021

Date of Report (Date of earliest event reported)

<_ix3a_nonnumeric name='dei:EntityRegistrantName' contextref='duration_2021-02-17_to_2021-02-17'>BurgerFi International, Inc.

(Exact Name of Registrant as Specified in its Charter)

<_ix3a_nonnumeric name='dei:EntityIncorporationStateCountryCode' contextref='duration_2021-02-17_to_2021-02-17' format='ixt-sec:stateprovnameen'>Delaware <_ix3a_nonnumeric name='dei:EntityFileNumber' contextref='duration_2021-02-17_to_2021-02-17'>001-38417 <_ix3a_nonnumeric name='dei:EntityTaxIdentificationNumber' contextref='duration_2021-02-17_to_2021-02-17'>82-2418815

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

<_ix3a_nonnumeric name='dei:EntityAddressAddressLine1' contextref='duration_2021-02-17_to_2021-02-17'>105 US Highway 1, <_ix3a_nonnumeric name='dei:EntityAddressCityOrTown' contextref='duration_2021-02-17_to_2021-02-17'>North Palm Beach, <_ix3a_nonnumeric name='dei:EntityAddressStateOrProvince' contextref='duration_2021-02-17_to_2021-02-17'>FL <_ix3a_nonnumeric name='dei:EntityAddressPostalZipCode' contextref='duration_2021-02-17_to_2021-02-17'>33408
(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: <_ix3a_nonnumeric name='dei:CityAreaCode' contextref='duration_2021-02-17_to_2021-02-17'>(561) <_ix3a_nonnumeric name='dei:LocalPhoneNumber' contextref='duration_2021-02-17_to_2021-02-17'>844-5528

(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:

<_ix3a_nonnumeric name='dei:WrittenCommunications' contextref='duration_2021-02-17_to_2021-02-17' format='ixt-sec:boolballotbox'>☐

Written communications pursuant to Rule 425 under the Securities Act

<_ix3a_nonnumeric name='dei:SolicitingMaterial' contextref='duration_2021-02-17_to_2021-02-17' format='ixt-sec:boolballotbox'>☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

<_ix3a_nonnumeric name='dei:PreCommencementTenderOffer' contextref='duration_2021-02-17_to_2021-02-17' format='ixt-sec:boolballotbox'>☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

<_ix3a_nonnumeric name='dei:PreCommencementIssuerTenderOffer' contextref='duration_2021-02-17_to_2021-02-17' format='ixt-sec:boolballotbox'>☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

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

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

<_ix3a_nonnumeric name='dei:Security12bTitle' contextref='duration_2021-02-17_to_2021-02-17_us-gaap-StatementClassOfStockAxis_bfi-CommonStockParValue00001PerShareMember'>Common stock, par value $0.0001 per share <_ix3a_nonnumeric name='dei:TradingSymbol' contextref='duration_2021-02-17_to_2021-02-17_us-gaap-StatementClassOfStockAxis_bfi-CommonStockParValue00001PerShareMember'>BFI <_ix3a_nonnumeric name='dei:SecurityExchangeName' contextref='duration_2021-02-17_to_2021-02-17_us-gaap-StatementClassOfStockAxis_bfi-CommonStockParValue00001PerShareMember' format='ixt-sec:exchnameen'>The Nasdaq Stock Market LLC
<_ix3a_nonnumeric name='dei:Security12bTitle' contextref='duration_2021-02-17_to_2021-02-17_us-gaap-StatementClassOfStockAxis_bfi-RedeemableWarrantsEachExercisableForOneShareOfCommonStockAtExercisePriceOf1150PerShareMember'>Redeemable warrants, each exercisable for one share of common stock at an exercise price of $11.50 per share <_ix3a_nonnumeric name='dei:TradingSymbol' contextref='duration_2021-02-17_to_2021-02-17_us-gaap-StatementClassOfStockAxis_bfi-RedeemableWarrantsEachExercisableForOneShareOfCommonStockAtExercisePriceOf1150PerShareMember'>BFIIW <_ix3a_nonnumeric name='dei:SecurityExchangeName' contextref='duration_2021-02-17_to_2021-02-17_us-gaap-StatementClassOfStockAxis_bfi-RedeemableWarrantsEachExercisableForOneShareOfCommonStockAtExercisePriceOf1150PerShareMember' format='ixt-sec:exchnameen'>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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company <_ix3a_nonnumeric name='dei:EntityEmergingGrowthCompany' contextref='duration_2021-02-17_to_2021-02-17' format='ixt-sec:boolballotbox'>☒

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. <_ix3a_nonnumeric name='dei:EntityExTransitionPeriod' contextref='duration_2021-02-17_to_2021-02-17' format='ixt-sec:boolballotbox'>☐

As used in this Current Report on Form 8-K,unless the context requires otherwise, the terms 'the Company,' 'BurgerFi,' 'we,' 'us' and'our' refer to BurgerFi International, Inc. and its subsidiaries.

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The disclosure set forth in Item 7.01of this Current Report on Form 8-Kis incorporated herein by reference.

Item 7.01

Regulation FD Disclosure

On February 22, 2021, the Company issued a press release announcing that QSR industry veteran Jim Esposito had joined the Company as its new Chief Operating Officer, replacing Nick Raucci, who left the Company on February 17, 2021. A copy of the press release is attached hereto asExhibit 99.1to this Current Report on form 8-Kand shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

Item 9.01.

Financial Statements and Exhibits

(d) Exhibits.

Exhibit
No.

Description of Exhibit

99.1* Press Release dated February 22, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
*

Furnished but not filed.

SIGNATURES

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 hereunto duly authorized.

Dated: February 22, 2021

BURGERFI INTERNATIONAL, INC.

By:

/s/Julio Ramirez

Julio Ramirez Chief Executive Officer