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Posted 28 December, 2023

Kaival Brands Innovations Group, Inc. appointed Barry M. Hopkins as new CEO

Nasdaq:KAVL appointed new Chief Executive Officer Barry M. Hopkins in a 8-K filed on 28 December, 2023.


  Appointment of Barry M. Hopkins as Interim Chief Executive Officer and President  

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Overview of Kaival Brands Innovations Group, Inc.
Leisure/Arts/Hospitality • Recreational Services
Kaival Brands Innovations Group, Inc. engages in the sale, marketing, and distribution of electronic nicotine delivery system products. Its brands include BIDI Stick, Bidi Vapor, and BIDI Cares. The company was founded by Paul Moody and Nirajkumar Patel in 1998 and is headquartered in Grant-Valkaria, FL.
Market Cap
$6.12M
View Company Details
Kaival Brands Innovations Group, 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.


Resignation of Eric Mosser as Chief Executive Officer, President and Director


On December 21, 2023, Eric Mosser, the Chief Executive Officer and President of Kaival Brands Innovations Group, Inc. (the "Company") provided written notice to the Company's board of directors (the "Board") of his resignation as a member of the Board, effective immediately. Mr. Mosser's resignation is not due to any disagreements between the Company or the Board.


In connection with his resignation, on December 21, 2023, the Company and Mr. Mosser entered into an amendment (the "Amendment ") to Mr. Mosser's employment agreement with the Company, dated August 1, 2023. Pursuant to the Amendment, effective December 21, 2023, Mr. Mosser resigned as Chief Executive Officer and President of the Company and became a Senior Advisor to the Company and the Chief Executive Officer of Kaival International Brands, LLC, a wholly owned subsidiary of the Company ("KBI"). Mr. Moser will report to Barry M. Hopkins, the Executive Chairman of the Company, until such time as a new Chief Executive Officer and President of the Company are appointed. At such time, Mr. Mosser shall report to the Company's Chief Executive Officer as a Senior Advisor. Pursuant to the Amendment, Mr. Mosser's base salary shall be $251,000 per annum, effective as of January 1, 2024.


Appointment of Barry M. Hopkins as Interim Chief Executive Officer and President


On December 22, 2023, the Board appointed Mr. Hopkins as Interim Chief Executive Officer and President of the Company, to serve in such capacity until a successor is duly appointed and approved by the Board. Mr. Hopkins currently serves as Executive Chairman of the Company and is the Company's principal executive officer.


Mr. Hopkins (a) is not a party to any arrangement or understanding with any other person pursuant to which he was selected to serve as Interim Chief Executive Officer and President of the Company, (b) has not been involved in any transactions with the Company or related persons of the Company that would require disclosure under Item 404(a) of the Regulation S-K, and (c) does not have any family relationship with any members of the Board or any executive officer of the Company.