Kaival Brands Reports Director/Officer Changes
Ticker: KAVL · Form: 8-K · Filed: Sep 12, 2024 · CIK: 1762239
Sentiment: neutral
Topics: leadership-change, governance, officer-appointment
Related Tickers: KAVL
TL;DR
Kaival Brands (NASDAQ: KAVL) filed an 8-K detailing director and officer changes.
AI Summary
Kaival Brands Innovations Group, Inc. filed an 8-K on September 12, 2024, reporting on events as of September 7, 2024. The filing covers the departure of directors, election of directors, appointment of officers, and compensatory arrangements for certain officers. Specific details regarding these changes and arrangements are outlined within the report.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key leadership roles can introduce uncertainty regarding future strategy and execution, warranting closer investor scrutiny.
Key Players & Entities
- Kaival Brands Innovations Group, Inc. (company) — Registrant
- 001-40641 (company) — SEC File Number
- 83-3492907 (company) — IRS Employer Identification No.
- 4460 Old Dixie Highway (company) — Principal Executive Offices Address
- Grant-Valkaria (company) — City
- Florida (company) — State
- 32949 (company) — Zip Code
- Quick Start Holdings, Inc. (company) — Former Company Name
- 20181218 (company) — Date of Name Change
FAQ
What specific events are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.
What is the exact name of the company filing this report?
The exact name of the registrant is Kaival Brands Innovations Group, Inc.
On what date was the earliest event reported in this filing?
The date of the earliest event reported is September 7, 2024.
What is the company's principal executive office address?
The company's principal executive offices are located at 4460 Old Dixie Highway, Grant-Valkaria, Florida, 32949.
What was the company's former name?
The company's former name was Quick Start Holdings, Inc., with a date of name change on December 18, 2018.
Filing Stats: 611 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-09-12 17:00:54
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share KAVL The Nasdaq Stock Marke
Filing Documents
- e5933_8-k.htm (8-K) — 23KB
- 0001731122-24-001383.txt ( ) — 193KB
- kavl-20240907.xsd (EX-101.SCH) — 3KB
- kavl-20240907_lab.xml (EX-101.LAB) — 33KB
- kavl-20240907_pre.xml (EX-101.PRE) — 22KB
- e5933_8-k_htm.xml (XML) — 4KB
02. Departure of Directors or Certain Officers; Election of Directors;
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On September 12, 2024, (the "Effective Date"), Kaival Brands Innovations Group, Inc. ("Company") appointed Mark Thoenes as interim chief executive officer of the Company, effective immediately. Mr. Thoenes does not have any family relationship with any director, executive officer or person nominated or chosen by us to become an executive officer. There is no understanding or arrangement between Mr. Thoenes and any other person pursuant to which Mr. Thoenes was selected as an executive officer. There are no transactions in which Mr. Thoenes has an interest requiring disclosure under Item 404(a) of Regulation S-K. Mr. Thoenes succeeds Mr. Nirajkumar Patel who unexpectedly passed away on September 7, 2024. Mr. Mark Thoenes, 71, brings more than 35 years of diverse financial and operational leadership to our company. From June 30, 2021 to August 1, 2023, he served as our Interim Chief Financial Officer on a consulting basis and has been our director since August 1, 2024. He has been a licensed Certified Public Accountant since 1984 and began his career with Ernst & Young Global Limited. From 2000 to 2010, Mr. Thoenes served as the Executive Vice President/Chief Financial Officer of Rentrak Corporation ("Rentrak"), a publicly traded company listed on Nasdaq and headquartered in Portland, Oregon. Founded in 1977, Rentrak went public in 1986, and remained a public company until it was acquired by comScore, Inc. in 2016, after Mr. Thoenes left Rentrak. For the past eleven years, Mr. Thoenes has been the President of MLT Consulting Services, LLC, a full-service business/financial consulting firm. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: September 12, 2024