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Posted 13 March, 2024

Kaival Brands Innovations Group, Inc. appointed Nirajkumar Patel as new CEO

Nasdaq:KAVL appointed new Chief Executive Officer Nirajkumar Patel in a 8-K filed on 13 March, 2024.


  On March 7, 2024, the Board appointed Nirajkumar Patel, the Company's Chief Science and Regulatory Officer, as the Company's Chief Executive Officer.  

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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, President and Interim Chief Executive Officer


On March 8, 2024, Eric Mosser, President and the Interim Chief Executive Officer of the Company, provided written notice to the Company's Board of his resignation, effectively immediately. Mr. Mosser's resignation was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.


Appointment of Chief Executive Officer


On March 7, 2024, the Board appointed Nirajkumar Patel, the Company's Chief Science and Regulatory Officer, as the Company's Chief Executive Officer.


At this time, the Company has not entered into an employment agreement with Mr. Patel in connection with his appointment as Chief Executive Officer of the Company. Mr. Patel (a) is not a party to any arrangement or understanding with any other person pursuant to which he was selected to serve as Chief Executive Officer 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, other than that have been disclosed in the Company's annual report on Form 10-K for the fiscal year ended October 31, 2023 and (c) does not have any family relationship with any members of the Board or any executive officer of the Company


Appointment of Interim Chief Financial Officer


On March 7, 2024, the Board appointed Eric Morris as the Company's Interim Chief Financial Officer, to serve in such capacity until a successor is duly appointed and approved by the Board.


At this time, there have been no changes to the Company's employment agreement with Mr. Morris in connection with his appointment as Interim Chief Financial Officer of the Company. Mr. Morris (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 Financial Officer 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.