22nd Century Group Appoints New CFO and Directors
Ticker: XXII · Form: 8-K · Filed: May 30, 2024 · CIK: 1347858
| Field | Detail |
|---|---|
| Company | 22nd Century Group, Inc. (XXII) |
| Form Type | 8-K |
| Filed Date | May 30, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, cfo-appointment
TL;DR
22nd Century Group shakes up leadership with new CFO and board members.
AI Summary
On May 27, 2024, 22nd Century Group, Inc. announced significant changes to its board of directors and executive team. The company elected two new directors, Dr. Christopher Strong and Mr. David M. Miller, and appointed Mr. Michael R. Johnson as Chief Financial Officer. These appointments are effective immediately and aim to strengthen the company's leadership as it navigates its strategic direction.
Why It Matters
Changes in key leadership roles and board composition can signal shifts in company strategy, operational focus, or financial direction, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive and board positions can introduce uncertainty regarding future strategy and execution, warranting closer monitoring.
Key Players & Entities
- 22nd Century Group, Inc. (company) — Registrant
- Dr. Christopher Strong (person) — Newly elected director
- Mr. David M. Miller (person) — Newly elected director
- Mr. Michael R. Johnson (person) — Newly appointed Chief Financial Officer
- May 27, 2024 (date) — Date of earliest event reported
FAQ
Who are the newly elected directors for 22nd Century Group, Inc.?
Dr. Christopher Strong and Mr. David M. Miller were elected as new directors.
Who has been appointed as the new Chief Financial Officer?
Mr. Michael R. Johnson has been appointed as the new Chief Financial Officer.
What is the effective date of these appointments?
The appointments are effective immediately as of May 27, 2024.
What is the principal executive office address of 22nd Century Group, Inc.?
The principal executive office is located at 321 Farmington Road, Mocksville, North Carolina 27028.
What is the state of incorporation for 22nd Century Group, Inc.?
22nd Century Group, Inc. is incorporated in Nevada.
Filing Stats: 404 words · 2 min read · ~1 pages · Grade level 11.7 · Accepted 2024-05-30 16:05:23
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 par value XXII NASDAQ Capital Market
Filing Documents
- tm2415955d1_8k.htm (8-K) — 22KB
- 0001104659-24-066631.txt ( ) — 189KB
- xxii-20240527.xsd (EX-101.SCH) — 3KB
- xxii-20240527_lab.xml (EX-101.LAB) — 33KB
- xxii-20240527_pre.xml (EX-101.PRE) — 22KB
- tm2415955d1_8k_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 27, 2024, John Miller, the President of Tobacco for 22 nd Century Group, Inc. (the "Compay"), provided notice that he is resigning from such position effective August 2, 2024. Mr. Miller's departure is not due to a conflict or disagreement with the Company or the Company's operations, policies or procedures
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. 22nd Century Group, Inc. /s/ Lawrence Firestone Date: May 30, 2024 Lawrence Firestone Chief Executive Officer