FAT Brands Inc. Announces Fourth Quarter Cash Dividend on Class A Common Stock and Class B Common Stock
31 October 2024 - 12:00AM
FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT), a leading
global franchising company and parent company of iconic brands
including Round Table Pizza, Fatburger, Marble Slab Creamery,
Johnny Rockets, Twin Peaks, Fazoli’s, Smokey Bones and 11 other
restaurant concepts, announced today that its Board of Directors
has declared the Company’s fiscal 2024 fourth quarter cash dividend
of $0.14 per share on each outstanding share of Class A common
stock and Class B common stock. The dividend is payable on November
29, 2024 to holders of record of Class A common stock and Class B
common stock as of the close of business on November 15, 2024.
The declaration and payment of future dividends,
as well as the amounts thereof, are subject to the discretion of
the Company’s Board of Directors. The amount and size of any future
dividends will depend upon the Company’s future results of
operations, financial condition, capital levels, cash requirements
and other factors. There can be no assurance that the Company will
declare and pay dividends in future periods.
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands Inc. (NASDAQ: FAT) (the Company) is a
leading global franchising company that strategically acquires,
markets and develops quick service, fast casual and casual dining
restaurant concepts around the world. The Company currently owns
eighteen restaurant brands: Round Table Pizza, Fatburger, Marble
Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Smokey Bones,
Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe &
Express, Hurricane Grill & Wings, Pretzelmaker, Elevation
Burger, Native Grill & Wings, Yalla Mediterranean, Ponderosa
and Bonanza Steakhouses and franchises and owns over 2,300 units
worldwide. For more information, please visit
www.fatbrands.com.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are subject to
significant business, economic and competitive risks, uncertainties
and contingencies, many of which are difficult to predict and
beyond our control, which could cause our actual results to differ
materially from the results expressed or implied in such
forward-looking statements. We refer you to the documents we file
from time to time with the Securities and Exchange Commission, such
as our reports on Form 10-K, Form 10-Q and Form 8-K, for a
discussion of these risks, uncertainties and contingencies. We
undertake no obligation to update any forward-looking statement to
reflect events or circumstances occurring after the date of this
press release.
Investor Relations: ICRMichelle Michalski
IR-FATBrands@icrinc.com646-277-1224
Media Relations: FAT Brands Inc. Erin Mandzik
emandzik@fatbrands.com 860-212-6509
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