Posted 06 January, 2023
JANEL CORP appointed Mr. Seirer as new CEO
OTC:JANL appointed new Chief Executive Officer Mr. Seirer in a 8-K filed on 06 January, 2023.
On January 1, 2023, the Board, upon the recommendation of its Nominating and Corporate Governance Committee, elected Darren Seirer, age 48, to serve as a director until the next annual meeting of stockholders and until his successor is duly elected and qualifies, and appointed Mr. Seirer to serve as president and CEO of the Company, effective January 1, 2023.
Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of JANEL CORP
Transportation/Logistics • Transportation Services
Janel Corp. is a holding company, which engages in the provision of integrated logistics and freight forwarding services. It operates through the following business segments: Logistics, Life Sciences, and Manufacturing. The Logistics segment provides customs brokerage, warehousing, and distribution services and other value-added logistics services. The Life Sciences segment produces and sells monoclonal and polyclonal antibodies, diagnostic reagents, and other immunoreagents for biomedical research and provides antibody manufacturing for academic and industry research scientists. The Manufacturing segment manufactures and distributes mixing equipment, and apparatus for specific applications within various industries. The company was founded by James N. Jannello in 1974 and is headquartered in New York, NY.Market Cap
$49.8M
View Company Details
$49.8M
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 1, 2023, Dominique Schulte and Brendan J. Killackey resigned from the Board of Directors (the "Board") of Janel Corporation (the "Company"), effective January 1, 2023. Ms. Schulte also resigned as President and Chief Executive Officer ("CEO") of the Company, effective January 1, 2023. Ms. Schulte will remain with the Company as an advisor. Mr. Killackey will remain with the Company as Chief Information Officer. On January 1, 2023, the Board, upon the recommendation of its Nominating and Corporate Governance Committee, elected Darren Seirer, age 48, to serve as a director until the next annual meeting of stockholders and until his successor is duly elected and qualifies, and appointed Mr. Seirer to serve as president and CEO of the Company, effective January 1, 2023. Furthermore, upon the recommendation of its Nominating and Corporate Governance Committee, the Board appointed Mr. Seirer to serve as the Chairman of the Board and to serve on the Board's Nominating and Corporate Governance Committee, effective January 1, 2023. Since 2019, Mr. Seirer has been a private investor and since 2021 has served as an advisor to the Company. Mr. Seirer was previously at Select Equity Group, L.P. from 1993-2019. On January 1, 2023, the Board, upon the recommendation of its Nominating and Corporate Governance Committee, elected John Eidinger, age 42, to serve as a director until the next annual meeting of stockholders and until his successor is duly elected and qualifies, effective January 1, 2023. Furthermore, upon the recommendation of its Nominating and Corporate Governance Committee, the Board appointed Mr. Eidinger to serve as the Vice Chairman of the Board and to serve on the Board's Nominating and Corporate Governance Committee, effective January 1, 2023. Since 2019, Mr. Eidinger has advised and assisted the Company in business development. Previously, Mr. Eidinger was a private investor. From 2011 until 2017, Mr. Eidinger was an associate portfolio manager for Select Equity Group, L.P. (d) Exhibits None
Interested in special situations?
Join Tickerverse
- customize event filters
- create watchlists, bookmarks
- get email notifications for the latest special situations
- browse and analyze public companies, executives and SEC filings
Tickerverse is a great way to find investment opportunities in corporate actions.
By signing up you agree to our Terms of Service and Privacy Policy.