Ron Roe - Senior Vice President of Finance | Fat Brands (FAT) Executive Profile & Compensation

About Ron Roe

Ron Roe is Senior Vice President of Finance at FAT Brands, serving in this role since the Company’s inception in March 2017. He previously served as Chief Financial Officer from 2009–Aug 2018 and Vice President of Finance from 2007–2009; earlier roles include acquisitions associate at Fog Cutter Capital Group and investment banking analyst at Piper Jaffray; he holds a BA in Economics from UC Berkeley . He is 48 years old as of the 2025 proxy record date . Company performance context during his senior finance tenure: cumulative TSR values (indexed to $100 at FY2021 end) were $61 in 2022, $73 in 2023, and $71 in 2024 . Revenues rose from $404.1M in FY2022 to $587.4M in FY2024, while EBITDA moved from $24.0M to $19.2M over the same period (values marked with * from S&P Global).

Company Performance	FY 2022	FY 2023	FY 2024
Revenues ($)	404,129,000*	475,517,000*	587,424,000*
EBITDA ($)	23,994,000*	54,361,000*	19,208,000*

Values retrieved from S&P Global.

Past Roles

Organization	Role	Years	Strategic impact
FAT Brands	Chief Financial Officer	2009–Aug 2018	Principal financial and accounting officer through public company transition .
FAT Brands	Vice President of Finance	2007–2009	Led finance during pre-IPO/predecessor era .
Fog Cutter Capital Group Inc.	Acquisitions Associate	Pre-2007	Supported M&A and capital deployment for controlling stockholder of FAT Brands’ predecessor entities .
FAT Brands	Senior Vice President, Finance	Mar 2017–present	Oversees finance during acquisitive, multi-brand expansion .

External Roles

Organization	Role	Years	Strategic impact
Piper Jaffray	Investment Banking Analyst	Early career	Transaction execution and analytical foundation in capital markets .

Fixed Compensation

Note: Roe is not listed as a Named Executive Officer (NEO) in the 2023–2025 proxies; thus recent detailed compensation is not disclosed for him . Historical disclosures when he was an NEO show the following:

Metric	2017	2018	2019
Salary ($)	161,462	300,000	300,000
Bonus ($)	—	—	—
Stock Awards ($)	—	—	—
Option Awards ($)	3,621	19,962	13,863
All Other Compensation ($)	—	—	—
Total ($)	165,083	319,962	313,863

Performance Compensation

Annual bonus metrics/weighting: Not disclosed for Roe. Company programs in recent years used discretionary bonuses with personal and company-wide targets for certain executives (e.g., Kuick/Rosen), but Roe-specific targets and weightings are not provided .
Equity grants: Roe’s historical option grant fair values are shown above; current outstanding and vesting detail for Roe is not presented in the 2024 year-end “Outstanding Equity Awards” table (it lists other executives only) .

Incentive type	Metric(s)	Weighting	Target	Actual	Payout	Vesting
Annual cash bonus (historical)	Not disclosed for Roe	—	—	—	—	—
Stock options (historical)	Time-based vesting	—	—	—	Option grant values as above	Typical plan terms under 2017 Omnibus Plan; Roe-specific schedule not disclosed .

Equity Ownership & Alignment

Beneficial ownership snapshot (historical): As of Oct 10, 2019, Roe beneficially owned 10,212 FAT shares (includes vested options to purchase 10,212 shares); unvested options to purchase an additional 20,424 shares were excluded; ownership <1% . He also beneficially owned 75,000 shares of Fog Cutter Capital Group Inc. (FCCG), disclosing pecuniary interest and disclaimers regarding FCCG holdings of FAT .
Current disclosure: The 2025 Principal Stockholders table lists directors and NEOs; Roe is not enumerated, so current share/option details for him are not disclosed there .
Hedging/pledging: The Company discourages hedging, prohibits short-sales and similar transactions, and prohibits margining of Company stock; trading is restricted to windows. No explicit pledging policy disclosure beyond margining prohibition .
Ownership guidelines: Not disclosed.

Date	FAT beneficial ownership (shares)	% of Class	Vested options included	Unvested options	Notes
Oct 10, 2019	10,212	<1%	Yes (10,212)	20,424 (excluded)	Also 75,000 FCCG shares noted .
Oct 31, 2025	Not disclosed for Roe in principal holders table	—	—	—	Table covers directors and NEOs; Roe not listed .

Employment Terms

Contract status: The Company disclosed no written employment agreements other than for Kuick and Rosen during 2023–2025; this implies Roe serves on an at-will basis without a bespoke severance/change-in-control package .
Severance and change-of-control: Not disclosed for Roe .
Clawback: The Company adopted a clawback policy applicable to Section 16 officers; incentive-based compensation is subject to recoupment upon a restatement in the prior three years .
Insider reporting: For FY2024 year-end, officers/directors timely furnished Forms 3/4/5 . In earlier reporting (FY2021 year), the Company disclosed Roe filed two late Form 4s (along with others) .
Non-compete/non-solicit, garden leave, post-termination consulting: Not disclosed for Roe.

Performance & Track Record

Finance leadership continuity: Roe has led or supported finance since 2007, including as CFO at IPO-era and currently as SVP Finance . He executed SOX 302/906 CEO/CFO certifications during his CFO tenure in 2017–2018, evidencing principal financial officer responsibilities in public filings .
Company results context: Revenues increased from $404.1M (FY2022) to $587.4M (FY2024); EBITDA was $24.0M (FY2022), $54.4M (FY2023), and $19.2M (FY2024); TSR index ($100 base at FY2021 end) was $61 (2022), $73 (2023), $71 (2024) .
Values retrieved from S&P Global.
Legal proceedings history: Roe was among defendants named in a 2018 consolidated class action related to FAT Brands; by mid-2020 the matter remained in litigation with defendants disputing allegations .

TSR Index ($100 at FY2021 end)	2022	2023	2024
Value ($)	61	73	71

Compensation Structure Analysis

Recent visibility: Roe was not a NEO in 2023–2025 proxies, limiting current visibility into his cash/equity mix and performance linkages .
Historical mix (2017–2019): Compensation leaned toward base salary with modest option awards; no bonuses disclosed for these years .
Company-wide practices: For other executives (e.g., Kuick/Rosen), annual bonuses are discretionary with guaranteed minimums and equity awards contingent on personal and company targets, signaling a discretionary-heavy framework rather than explicit formulaic metrics; Roe-specific metrics/guarantees not disclosed .
Clawback: Adoption of Dodd-Frank-compliant clawback strengthens governance over incentive pay .

Investment Implications

Alignment and retention: Roe’s long tenure across multiple finance leadership roles provides continuity. However, he is not currently disclosed as an NEO, and the principal stockholder table does not enumerate his current beneficial ownership, reducing transparency into his current equity stake and skin-in-the-game . Historical holdings (2019) indicate a small direct economic stake in FAT (largely via options) .
Insider selling pressure: Recent Form 4 activity specific to Roe is not surfaced in current proxies; 2024 Section 16 compliance was timely, though earlier late filings were noted for Roe in the FY2021 reporting period . Absent current grant/vesting data, near-term selling pressure signals are indeterminate.
Contractual economics: With no bespoke employment agreement disclosed for Roe (unlike certain other executives), severance/change-in-control protections are likely limited, which can be favorable to shareholders on cost but could increase retention risk if external opportunities arise .
Governance context: FAT Brands is a controlled company with family involvement on the Board and management; while clawback and audit oversight are in place, discretionary bonus structures and related-party context warrant continued monitoring of pay-for-performance alignment and capital allocation decisions .

Values marked with * are retrieved from S&P Global.