Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 214

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 214
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   2.42%Allan Anderson (4)  10,000  * Terri Tochihara-Dirks (4)  10,000  * Fred Croci (5)  9,000  * Total for all Officers and Directors  1,279,225   20.78%5% Stockholders        Sally Copperud (1)  600,000   9.75%Jeffrey A. Zinnecker  600,000   9.75%Samuel Vandeputte  346,290   5.63%Trost Family Trust  346,290   5.63%

__________

* Less than 1%.

(1)Gary Copperud and Sally Copperud are husband and wife. Each such person disclaims beneficial ownership of the other’s shares of common stock.(2)Includes 758,540 shares of common stock, warrants to purchase 5,000 shares of common stock acquired by this individual in the IPO in 2019, and 80,000 shares of common stock underlying currently exercisable options. Does not include (i) 20,000 shares issuable upon the exercise of options that will not vest until 60 days after the date of this filing. (3)Includes 80,000 shares of common stock owned by Brimmer Company, LLC, an affiliate of Mr. Brimmer, and 60,000 shares of common stock underlying currently exercisable options. Does not include (i) 15,000 that will not vest until 60 days after the date of this filing. (4)Represents options to purchase shares of our common stock.(5)Includes public warrants to acquire 4,000 shares owned by Mr. Croci and 5,000 options issued to Mr Croci when he joined the Company’s board of directors.

Item 13. Certain Relationships and Related Transactions, and Director Independence.

Policies and Procedures for Transactions with Related Parties

Our board of directors has approved policies and procedures with respect to the review and approval of certain transactions between us and Related Parties (as defined below), which we refer to as our “Related-Party Transaction Policy.” The following is a summary of material provisions of our Related-Party Transaction Policy. Pursuant to the terms of our Related-Party Transaction Policy, any Related-Party Transaction (as defined below) will be required to be reported to the chair of