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Posted 05 April, 2023

Kaspien Holdings Inc. appointed Brock Kowalchuk as new CEO

Nasdaq:KSPN appointed new Chief Executive Officer Brock Kowalchuk in a 8-K filed on 05 April, 2023.


  The board of directors of Kaspien Holdings Inc. (the "Company") has appointed Brock Kowalchuk as Chief Executive Officer of the Company, effective March 30, 2023.  

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Overview of Kaspien Holdings Inc.
Retail/Wholesale • Specialty Retail
Kaspien Holdings, Inc. engages in the retail of entertainment products. It operates through the FYE and etailz segments. The company was founded by Robert J. Higgins in 1972 and is headquartered in Spokane, WA.
Market Cap
$64.6K
View Company Details
Kaspien Holdings 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.


The board of directors of Kaspien Holdings Inc. (the "Company") has appointed Brock Kowalchuk as Chief Executive Officer of the Company, effective March 30, 2023. Mr. Kowalchuk previously had served as Interim Chief Executive Officer of the Company since March 11, 2022.


Biographical and other information regarding Mr. Kowalchuk was included in the Company's Current Reports on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on March 11, 2022 and April 1, 2022. In connection with his appointment as Chief Executive Officer, Mr. Kowalchuk's base salary has been increased from an annual rate of $280,000 to $300,000, subject to applicable withholdings. He also will be eligible to receive a discretionary performance bonus with a target of 50% of his annual base salary. The bonus amounts will be payable only if Mr. Kowalchuk is employed by the Company on the applicable payment dates. Aside from the changes described herein, there is no change to Mr. Kowalchuk's compensation in connection with his appointment as Chief Executive Officer from what was described in the Company's Current Report on Form 8-K filed with the SEC on April 1, 2022.