Posted 20 September, 2022
EVO Transportation & Energy Services, Inc. appointed Michael Bayles as new CEO
OTC:EVOA appointed new Chief Executive Officer Michael Bayles in a 8-K filed on 20 September, 2022.
On September 14, 2022, the Board of Directors of EVO Transportation & Energy Services, Inc., a Delaware corporation (the "Company"), appointed Michael Bayles, a member of the Company's Board of Directors, to serve as Interim Chief Executive Officer of the Company, effective September 14, 2022, replacing Thomas J. Abood as the Company's Chief Executive Officer.
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Overview of EVO Transportation & Energy Services, Inc.
Retail/Wholesale • Specialty Retail
EVO Transportation & Energy Services, Inc. is a transportation operator. The firm offers flexible and efficient solutions through a combination of diesel and compressed natural gas trucks and tractors. It operates through the following segments: Trucking and CNG Fueling Stations. The Trucking segment provides surface transportation services to the USPS and other customers. The CNG Fueling Stations segment serves the company's fleet and other customers. The company was founded on October 22, 2010 and is headquartered in Phoenix, AZ.Market Cap
$1.64M
View Company Details
$1.64M
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Change in Chief Executive Officer On September 14, 2022, the Board of Directors of EVO Transportation & Energy Services, Inc., a Delaware corporation (the "Company"), appointed Michael Bayles, a member of the Company's Board of Directors, to serve as Interim Chief Executive Officer of the Company, effective September 14, 2022, replacing Thomas J. Abood as the Company's Chief Executive Officer. Mr. Bayles has served as a director of the Company and as a member of the Company's compensation committee, audit committee, and nominating and corporate governance committee since March 2022. He previously served as restructuring advisor to the Company from May 2020 to October 2020 and as chief restructuring officer and a member of the Company's Board of Directors from October 2020 until his resignation in March 2021. Mr. Bayles has served as Co-Chief Executive Officer and as a director of DiamondHead Holdings Corp., a special purpose acquisition company, since August 2022, and has also served as vice president of investments of Slam Corp, a special purpose acquisition company, since March 2021. Mr. Bayles previously served as an analyst at Antara Capital from May 2018 until May 2020, and as a credit analyst at GLG Partners from May 2016 to December 2017. Prior to GLG Partners, Mr. Bayles was vice president at Avenue Capital Group from September 2008 to April 2016. Mr. Bayles has a bachelor's degree in economics from the Wharton School of the University of Pennsylvania. In consideration of his service as chairman of an operating committee of the Company's Board of Directors, the Company's Board of Directors agreed to pay Mr. Bayles a cash retainer of $20,000 per month for a period of four months beginning on or about June 8, 2022. There are no related party transactions involving Mr. Bayles that are reportable under Item 404(a) of Regulation S-K except as disclosed in this current report on Form 8-K, the Form 8-K filed by the Company with the U.S. Securities and Exchange Commission on March 28, 2022, or described in the Company's annual report on Form 10-K for the year ended December 31, 2021 filed with the U.S. Securities and Exchange Commission on June 30, 2022.
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