x

Posted 26 September, 2022

TWINLAB CONSOLIDATED HOLDINGS, INC. appointed Kyle Casey as new CEO

OTC:TLCC appointed new Chief Executive Officer Kyle Casey in a 8-K filed on 26 September, 2022.


  The Board of Directors of the Company unanimously accepted Mr. DiPofi' s resignation and appointed Kyle Casey, the Company's current Chief Financial Officer, as Interim Chief Executive Officer, effective immediately.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of TWINLAB CONSOLIDATED HOLDINGS, INC.
Health Care/Life Sciences • Pharmaceuticals
Twinlab Consolidated Holdings, Inc. engages in the provision of branded nutritional supplements and other natural products sold to and through domestic health and natural food stores, mass market retailers, specialty stores retailers, on-line retailers and websites. Its brands include Twinlab, Reserveage, Metabolife, Trigosamine, and Alvita. The company was founded on October 24, 2013 by Luz Vazquez and is headquartered in Boca Raton, FL.
Market Cap
$2.59M
View Company Details
TWINLAB CONSOLIDATED 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.


Resignation of Chief Executive Officer; Appointment of Interim Chief Executive Officer

On August 1, 2022, Mr. Daniel DiPofi resigned from his position as Chief Executive Officer of Twinlab Consolidated Holdings, Inc. (the "Company"), effective immediately. Mr. DiPofi continues to serve as a director of the Company. The Board of Directors of the Company unanimously accepted Mr. DiPofi' s resignation and appointed Kyle Casey, the Company's current Chief Financial Officer, as Interim Chief Executive Officer, effective immediately. In his capacity as Interim Chief Executive Officer, Mr. Casey will succeed Mr. DiPofi as the principal executive officer of the Company, while maintaining his position as the principal financial officer.

Mr. Casey, age 39, joined the Company in April 2019 and served as the Company's Controller prior to his appointment as interim Chief Financial Officer of the Company, effective October 8, 2019. He was appointed Chief Financial Officer on January 13, 2020. Before joining the Company, Mr. Casey was with Gulfstream Park Racetrack and Casino from December 2015 through November 2018, most recently serving as the Vice President of Finance. Prior to his employment with Gulfstream Park Racetrack and Casino, Mr. Casey served as Chief Auditing Officer for the Florida Department of Business and Professional Regulation from March 2014 through December 2015. Mr. Casey holds a Bachelor of Science in Accounting and Finance, as well as a Master of Science in Taxation, from Florida State University. Mr. Casey is a licensed Certified Public Accountant.

There are no arrangements or understandings between Mr. Casey and any other persons in connection with his appointment. There are no family relationships between Mr. Casey and any director or executive officer of the Company, and Mr. Casey is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Securities Act of 1933, as amended.

On August 26, 2022, at a special meeting of the Board of Directors of the Company, the Board of Directors of the Company discussed the modification of Mr. Casey's salary in recognition of his additional duties as Interim Chief Executive Officer. The Company has not entered into an employment agreement with Mr. Casey in his capacity as Interim Chief Executive Officer and Chief Financial Officer, but the Board of Directors of the Company unanimously approved that his compensation be modified so that, effective August 1, 2022, he will receive an annual base salary of $345,000, until such time as a permanent Chief Executive Officer is elected, at which time Mr. Casey's salary will revert to $262,000, his prior salary as Chief Financial Officer.