Meritage Announces the Passing of Board Member Duane Kluting

Rhea-AI Summary

Meritage Hospitality Group Inc. (OTCQX: MHGU) announced the sudden passing of Board member Duane Kluting. Kluting, who joined the company in 2005, served as a member of the Audit Committee and brought significant financial expertise from his previous roles at BDO, Herman Miller, and X-Rite.

CEO Robert Schermer acknowledged Kluting's valuable contributions to the company's growth and leadership, highlighting his dedication and trustworthy service during his tenure on the board. Kluting's financial background and commitment to the company's development made him an integral part of Meritage's governance structure.

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GRAND RAPIDS, Mich., March 10, 2025 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise restaurant operators, today announced the sudden passing of Duane Kluting, a valued member of the Company’s Board of Directors.

“It is with great sadness that I announce the passing of our friend and Board member, Duane Kluting. We are deeply grateful to Duane for his friendship, leadership and commitment to growing our business. Duane joined us in 2005 and has been a trustworthy contributor through the years. He was a valued member of our Audit Committee where he diligently served the company, bringing years of financial expertise from his career at BDO, Herman Miller and X-Rite. He contributed immeasurable value to our company’s board and will be greatly missed,” said Mr. Robert Schermer, CEO.

“He was a devoted family man and spoke with pride of his son, daughter and grandchildren often. Our sincere condolences go out to his family at this time,” Mr. Schermer continued.

https://obits.mlive.com/us/obituaries/grandrapids/name/duane-kluting-obituary?id=57807278

SAFE HARBOR STATEMENT
Certain information in this new release, particularly information regarding future economic performance and finances, and plans, expectations and objectives of management, constitutes forward-looking statements. Factors set forth in our Safe Harbor Statement, in addition to other possible factors not listed, could affect the Company’s actual results and cause such results to differ materially from those expressed in forward-looking statements. Please review the Company’s Safe Harbor Statement at http://www.meritagehospitality.com.

CONTACT:
Robert E. Schermer, Jr., CEO
Meritage Hospitality Group Inc.
(616) 776-2600

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d2815544-1895-4ed6-a6c1-d9c5f1ca30b8

FAQ

When did Duane Kluting join Meritage Hospitality Group's (MHGU) board of directors?

Duane Kluting joined Meritage Hospitality Group's board of directors in 2005.

What was Duane Kluting's role at Meritage Hospitality Group (MHGU)?

Kluting served as a board member and was part of the Audit Committee, bringing financial expertise from his experience at BDO, Herman Miller, and X-Rite.

How long did Duane Kluting serve on MHGU's board?

Kluting served on Meritage Hospitality Group's board from 2005 until his passing in March 2025, approximately 20 years.

What positions did Duane Kluting hold before joining MHGU's board?

Prior to joining Meritage's board, Kluting held positions at BDO, Herman Miller, and X-Rite.