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Posted 06 October, 2022

Armstrong Flooring, Inc. appointed new CEO

CEO Change detected for ticker OTC:AFIIQ in a 8-K filed on 06 October, 2022.


  On September 30, 2022, in connection with the wind down of the Company's remaining operations, Michel S. Vermette departed from his position as President and Chief Executive Officer of the Company.  

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Overview of Armstrong Flooring, Inc.
Real Estate/Construction • Building Materials/Products
Armstrong Flooring, Inc. engages in the production of flooring products. It operates through the Resilient Flooring and Wood Flooring segments. The Resilient Flooring segment designs, manufactures, sources, and sells a range of floor coverings primarily for homes and commercial buildings under various brands, including the Armstrong brand. The Wood Flooring segment includes branded hardwood flooring products including the Armstrong and Bruce brands, for use in residential construction and renovation, with some commercial applications in stores, restaurants, and offices. The company was founded in 2015 and is headquartered in Lancaster, PA.
Market Cap
$2.18K
View Company Details
Armstrong Flooring, 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.


As previously disclosed, on May 8, 2022, Armstrong Flooring, Inc., a Delaware corporation (the "Company"), and its wholly owned subsidiaries Armstrong Flooring Latin America, Inc., a Delaware corporation ("AFI Latin America"), Armstrong Flooring Canada Ltd., a British Columbia corporation ("AFI Canada"), and AFI Licensing LLC, a Delaware limited liability company ("AFI Licensing" and, together with the Company, AFI Latin America and AFI Canada, the "Debtors"), filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The chapter 11 cases are being administered under the caption In re Armstrong Flooring, Inc., et al. (Case No. 22-10426) (the "Chapter 11 Cases").

As previously disclosed, the Company has consummated three separate transactions in which it, directly or indirectly, sold substantially all of its assets globally. On September 30, 2022, in connection with the wind down of the Company's remaining operations, Michel S. Vermette departed from his position as President and Chief Executive Officer of the Company. Mr. Vermette will continue in his role as a member of the board of directors of the Company.


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Cautionary Information Regarding Trading in the Company's Securities. 

As previously disclosed, the Company has, directly or indirectly, sold substantially all of its assets globally, and the Company is now expected to be wound down. Holders of the Company's equity securities will likely be entitled to no recovery on their investment following the Chapter 11 Cases, and recoveries to other stakeholders cannot be determined at this time. The Company cautions that trading in the Company's securities is highly speculative and poses substantial risks. Trading prices for the Company's securities may bear little or no relationship to the actual value to be realized, if any, by holders of the Company's securities in the Chapter 11 Cases. Accordingly, the Company urges extreme caution with respect to existing and future investments in its securities.


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