Management Change/Compensation (Form 8-K)

Effective September 2, 2025, the Board of Directors of FAT Brands Inc. (the "Company") appointed Andrew Wiederhorn as President and Chief Executive Officer of the Company, a position that he previously held until May 2023. Ken Kuick and Taylor Wiederhorn, the previous Co-Chief Executive Officers of the Company, will continue to serve as Chief Financial Officer and Chief Development Officer, respectively, of the Company.

Andrew Wiederhorn, age 59, is the founder and Chairman of the Company, and previously served as President and Chief Executive Officer of the Company from its inception in March 2017 until May 2023. He has also served as Chairman of the Board of Twin Hospitality Group Inc. since August 2025.

Since May 2023, Mr. Wiederhorn has provided consulting services to the Company and was compensated under a Consulting Agreement, a copy of which is included as an exhibit hereto and incorporated by reference herein. The Company expects to enter into a new employment agreement with Mr. Wiederhorn in connection with his re-appointment as President and CEO, but will continue to compensate Mr. Wiederhorn under the Consulting Agreement until the new employment agreement is completed and executed. Mr. Wiederhorn will no longer receive director fees effective immediately, which are only payable to non-employee directors of the Company.

The additional information relating to Mr. Wiederhorn required by Item 401(d) and Item 404(a) of Regulation S-K was included in the Company's Annual Report on Form 10-K filed on February 28, 2025 with the Securities and Exchange Commission under "Item 13. Certain Relationships and Related Transactions, and Director Independence", which disclosure is incorporated herein by this reference.