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Posted 19 July, 2023

MBG Holdings, Inc. appointed new CEO

CEO Change detected for ticker OTC:MBGH in a 8-K filed on 19 July, 2023.


  On July 13, 2023 James Frinzi tendered his resignation in writing as Chief Executive Officer of the Company.  

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Overview of MBG Holdings, Inc.
Business/Consumer Services • Environment/Waste Management
MBG Holdings, Inc. engages in the telecommunications, system / network planning and engineering, fire and life safety systems, low voltage cabling, electronic security, audiovisual, installation services, electronic waste recycling, and data destruction. Its services include Network Installation and Maintenance, 5G and Wireless, ITAD Recycling and E-Waste, and Workplace Technologies. The company was founded by Gordon John Muir on June 29, 2009 and is headquartered in Austin, TX.
Market Cap
$554K
View Company Details
MBG 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 


On July 13, 2023 James Frinzi tendered his resignation in writing as Chief Executive Officer of the Company. The resignation as the Chief Executive Officer was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.


On July 13, 2023, the Board of MBG Holdings, Inc., pursuant to its powers under the Company's bylaws, appointed Joseph Baum as Chief Restructuring Officer of the Company to hold such office until his successor shall have been duly elected and qualified or until his earlier death, resignation or removal in accordance with the Bylaws.


Mr. Baum is a Partner at CFGI who specializes in restructuring. He brings more than 20 years of experience leading the restructuring of companies in the roles of Chief Restructuring Officer and financial advisor. Joseph's work includes companies such as TOUSA, Fleming Foods, Tropicana Casino and Resort, Marcel Paper Mills, and Worldcom. Joseph's professional affiliations include the American Institute of Certified Public Accountants, the American Bankruptcy Institute, the New Jersey Society of Certified Public Accountants, the Association of Insolvency and Restructuring Advisors, the Association of Certified Fraud Examiners, and the New York Institute of Credit.


On July 13, 2023, the Board of MBG Holdings, Inc., pursuant to its powers under the Company's bylaws, appointed Samantha Sondrup as Deputy Secretary of the Company to hold such office until her successor shall have been duly elected and qualified or until her earlier death, resignation or removal in accordance with the Bylaws.