Andrew A. Wiederhorn has resigned as CEO of Fat Brands Inc. effective May 5, 2023, and taken up a new position as an outside consultant to the company. Under the separation agreement, Wiederhorn will receive any outstanding and unpaid basic salary, any accumulated and unused vacation days, and a final bonus of $950,000 for a portion of 2023. His stock options will continue to vest after his resignation as he will continue offering consultancy services to the company. The company will pay Fog Cutter Consulting Corp., a company affiliated with Wiederhorn, an hourly fee of $1,850 for his consulting services.