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Posted 27 November, 2023

AVANTAX, INC. appointed new CEO

CEO Change detected for ticker Nasdaq:AVTA in a 8-K filed on 27 November, 2023.


  Accordingly, effective as of the Effective Time, each of Christopher W. Walters, the Company's President and Chief Executive Officer (and the Company's principal executive officer), Marc Mehlman, the Company's Chief Financial Officer and Treasurer (and the Company's principal financial officer), Todd Mackay, the President of Avantax Wealth Management (and a named executive officer), and Stacy Murray, the Company's Chief Accounting Officer (and the Company's principal accounting officer) (collectively, the "Existing Officers") ceased to be officers of the Company.  

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Overview of AVANTAX, INC.
Technology • Internet/Online
Avantax, Inc. engages in the provision of integrated tax-focused wealth management services and software. It operates through the Wealth Management and Tax Preparation segments. The Wealth Management segment consists of the operations of Avantax, which provides tax-focused wealth management solutions for financial advisors, tax preparers, certified public accounting firms, and its clients. The Tax Preparation segment focuses on digital tax preparation solutions for consumers, small business owners, and tax professionals. The company was founded by Naveen Mahendra Kumar Jain in 1996 and is headquartered in Dallas, TX.
Market Cap
N/A
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AVANTAX, INC. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Effective as of the Effective Time and as a result of the completion of the Merger, the directors of Acquisition Sub became the sole directors of the Company. Accordingly, effective as of the Effective Time, Georganne Proctor, Christopher W. Walters, Mark A. Ernst, E. Carol Hayles, Kanayalal A. Kotecha, J. Richard Leaman III, Tina Perry, Karthik Rao and Jana R. Schreuder, constituting all of the directors of the Company prior to the Effective Time (collectively, the "Existing Directors"), ceased to be directors of the Company. Each of the Existing Directors also tendered his or her resignation effective as of the Effective Time.


Additionally, effective as of the Effective Time and as a result of the completion of the Merger, the officers of Acquisition Sub became the sole officers of the Company. Accordingly, effective as of the Effective Time, each of Christopher W. Walters, the Company's President and Chief Executive Officer (and the Company's principal executive officer), Marc Mehlman, the Company's Chief Financial Officer and Treasurer (and the Company's principal financial officer), Todd Mackay, the President of Avantax Wealth Management (and a named executive officer), and Stacy Murray, the Company's Chief Accounting Officer (and the Company's principal accounting officer) (collectively, the "Existing Officers") ceased to be officers of the Company. Each of the Existing Officers also tendered his or her resignation from his or her position as an officer of the Company (but not as an employee of the Company) effective as of the Effective Time, provided that such resignation would not affect his or her duties, authority, responsibilities or reporting relationship for purposes of any Company Benefit Plan (as defined in the Merger Agreement) in which he or she participated immediately prior to the Effective Time. None of the Existing Officers entered into any other agreements or understandings with the Company, Parent or any of Parent's affiliates in connection with such resignations.