BT Brands Names New CEO, Restructures Board
Ticker: BTBDW · Form: 8-K · Filed: Oct 28, 2024 · CIK: 1718224
| Field | Detail |
|---|---|
| Company | Bt Brands, INC. (BTBDW) |
| Form Type | 8-K |
| Filed Date | Oct 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.73 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-of-directors, executive-appointment
TL;DR
BT Brands CEO change + board shakeup. New leadership incoming.
AI Summary
BT Brands, Inc. announced on October 24, 2024, a change in its board of directors. Specifically, the company reported the departure of Director Michael J. R. Johnson and the appointment of new directors, including Michael J. R. Johnson as Chief Executive Officer and President, and the election of new board members. The filing also details compensatory arrangements for certain officers.
Why It Matters
This filing indicates significant leadership changes at BT Brands, Inc., including the appointment of a new CEO, which could signal a strategic shift for the company.
Risk Assessment
Risk Level: medium — Leadership changes and board restructuring can introduce uncertainty and potential strategic shifts, impacting the company's future performance.
Key Players & Entities
- BT Brands, Inc. (company) — Registrant
- Michael J. R. Johnson (person) — Departing Director and Newly Appointed CEO
FAQ
Who has been appointed as the new CEO of BT Brands, Inc.?
Michael J. R. Johnson has been appointed as the new Chief Executive Officer and President of BT Brands, Inc.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on October 24, 2024.
What was the former name of BT Brands, Inc.?
The company was formerly known as Burger Time, Inc.
What is the state of incorporation for BT Brands, Inc.?
BT Brands, Inc. is incorporated in Wyoming.
What specific items are covered in this 8-K filing?
This 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 681 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-10-28 15:33:45
Key Financial Figures
- $1.73 — of common stock at a price per share of $1.73. The options were fully vested upon gra
Filing Documents
- btbd_8k.htm (8-K) — 25KB
- btbd_8kaimg3.jpg (GRAPHIC) — 4KB
- 0001477932-24-006689.txt ( ) — 177KB
- btbd-20241024.xsd (EX-101.SCH) — 6KB
- btbd-20241024_lab.xml (EX-101.LAB) — 16KB
- btbd-20241024_cal.xml (EX-101.CAL) — 1KB
- btbd-20241024_pre.xml (EX-101.PRE) — 12KB
- btbd-20241024_def.xml (EX-101.DEF) — 4KB
- btbd_8k_htm.xml (XML) — 6KB
SIGNATURES
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. BT BRANDS, INC. Dated: October 28, 2024 By: /s/ Kenneth Brimmer Kenneth Brimmer Chief Financial Officer 3