VPR Brands Appoints New CEO, McNeilly
Ticker: VPRB · Form: 8-K · Filed: Sep 11, 2024 · CIK: 1376231
| Field | Detail |
|---|---|
| Company | Vpr Brands, LP. (VPRB) |
| Form Type | 8-K |
| Filed Date | Sep 11, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, leadership-transition, ceo-appointment
TL;DR
VPR Brands names Michael McNeilly as new CEO, replacing Liscouski.
AI Summary
On August 26, 2024, VPR Brands, LP announced the appointment of Michael J. McNeilly as Chief Executive Officer and a member of the Board of Directors. McNeilly, who previously served as interim CEO, will receive an annual salary of $250,000 and is eligible for a discretionary bonus. The company also reported the resignation of its previous CEO, Robert L. Liscouski, effective August 26, 2024.
Why It Matters
The appointment of a new CEO signifies a potential shift in the company's strategic direction and leadership, which could impact its future performance and market position.
Risk Assessment
Risk Level: medium — Changes in executive leadership can introduce uncertainty and potential shifts in strategy, impacting the company's stability and future prospects.
Key Numbers
- $250,000 — CEO Annual Salary (Michael J. McNeilly's compensation as the new CEO.)
Key Players & Entities
- VPR Brands, LP (company) — Registrant
- Michael J. McNeilly (person) — Appointed CEO and Director
- $250,000 (dollar_amount) — Annual salary for new CEO
- August 26, 2024 (date) — Effective date of CEO change
- Robert L. Liscouski (person) — Resigned CEO
FAQ
What is Michael J. McNeilly's new role at VPR Brands, LP?
Michael J. McNeilly has been appointed as the Chief Executive Officer and a member of the Board of Directors of VPR Brands, LP.
What is the annual salary for the new CEO?
The annual salary for Michael J. McNeilly as CEO is $250,000.
Who has been replaced as CEO?
Robert L. Liscouski has resigned as CEO, and Michael J. McNeilly has replaced him.
When did these leadership changes become effective?
The changes, including the resignation of Robert L. Liscouski and the appointment of Michael J. McNeilly, were effective as of August 26, 2024.
Is the new CEO eligible for a bonus?
Yes, Michael J. McNeilly is eligible for a discretionary bonus in addition to his base salary.
Filing Stats: 444 words · 2 min read · ~1 pages · Grade level 14.3 · Accepted 2024-09-11 07:00:24
Filing Documents
- ea0214189-8k_vprbrands.htm (8-K) — 25KB
- 0001213900-24-077511.txt ( ) — 187KB
- vprb-20240826.xsd (EX-101.SCH) — 3KB
- vprb-20240826_lab.xml (EX-101.LAB) — 33KB
- vprb-20240826_pre.xml (EX-101.PRE) — 22KB
- ea0214189-8k_vprbrands_htm.xml (XML) — 3KB
02. Departure of Directors or Certain
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 26, 2024, the Board of Directors of VPR Brands, LP (the "Company") and Soleil Capital Management LLC, the general partner of the Company, approved the issuance of certain restricted shares of the Company's common units to its officers as a 2023 year-end bonus ("Bonus Shares") as follows: Name Title/Position No. of Bonus Shares Kevin Frija Chief Executive Officer, President, principal financial officer and principal accounting officer 1,221,385 Daniel Hoff Chief Operating Officer 1,221,385 1
SIGNATURES
SIGNATURES 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 hereunto duly authorized. Dated: September 11, 2024 VPR BRANDS, LP By: /s/ Kevin Frija Kevin Frija Chief Executive Officer and President 2