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Kaival Brands Innovations | 8-K: Current report

SEC announcement ·  Feb 26 17:17
Summary by Moomoo AI
Kaival Brands Innovations, a Delaware corporation, has undergone significant changes in its executive team, as reported in a Form 8-K filed with the SEC. On February 20, 2024, Thomas Metzler resigned from his roles as Chief Financial Officer, Secretary, and Treasurer. Following this, on February 22, Barry Hopkins stepped down as Interim Chief Executive Officer, President, and Director, while Stephen Sheriff also resigned as Chief Operating Officer. Additionally, Directors Roger Brooks and George Chuang resigned on the same day and February 26, respectively. None of the resignations were due to disagreements with the company's operations, policies, or practices. Concurrently, the company terminated its Service Agreement with QuikfillRx, LLC, doing business as Kaival Marketing Services, effective February 22, with a final payment of $80,000 due by...Show More
Kaival Brands Innovations, a Delaware corporation, has undergone significant changes in its executive team, as reported in a Form 8-K filed with the SEC. On February 20, 2024, Thomas Metzler resigned from his roles as Chief Financial Officer, Secretary, and Treasurer. Following this, on February 22, Barry Hopkins stepped down as Interim Chief Executive Officer, President, and Director, while Stephen Sheriff also resigned as Chief Operating Officer. Additionally, Directors Roger Brooks and George Chuang resigned on the same day and February 26, respectively. None of the resignations were due to disagreements with the company's operations, policies, or practices. Concurrently, the company terminated its Service Agreement with QuikfillRx, LLC, doing business as Kaival Marketing Services, effective February 22, with a final payment of $80,000 due by March 1, 2024. In the wake of these departures, Eric Mosser was appointed as President and Interim Chief Executive Officer on February 23. Mosser, already serving as a Senior Advisor and CEO of a subsidiary, will hold the interim CEO position until a permanent successor is appointed. The company confirmed that there have been no changes to Mosser's employment agreement in relation to his new appointment.

This announcement is a separate document:

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