FAT Brands Inc.

04/22/2021 | Press release | Distributed by Public on 04/22/2021 15:15

Current Report (SEC Filing - 8-K)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

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

90212
(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.

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 thereunto duly authorized.

Date: April 22, 2021

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