...as Chairman of the Board, which I was appointed to in March of 2023, where I will focus on our strategic direction, capital allocation and ensuring that we execute our business plan, while maintaining quality restaurant operations. In stepping down from the CEO and President role, my goal is to remove the distraction of the personal investigation tied to me regarding matters from several years ago before our merger with Fog Cutter. Ken and Rob are taking the reins of the company with a fresh slate of directors and they support the growth and evolution of FAT Brands, including championing our talented executive team. We have taken the company from 3 brands to 17 iconic restaurant brands with over 2,000 units opened or under construction and system-wide sales of $2.2 billion annually over the last 5 years. Today, FAT Brands is approximately the 25th largest restaurant company by unit count in the U.S. 95% of our restaurants are franchised. We have more than 750 different franchise owners,...
