NewAge, Inc. Files 8-K Regarding Agreed Resignation of CEO
On January 10, 2022, NewAge, Inc. (NBEV) announced the immediate resignation of its CEO, Brent Willis, as reflected in a Form 8-K filed with the SEC.
Sentiment and the balance of points
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Rhea-AI Summary
On January 10, 2022, NewAge, Inc. (NBEV) announced the immediate resignation of its CEO, Brent Willis, as reflected in a Form 8-K filed with the SEC. This decision was made by the Board of Directors and signifies a significant leadership change for the company, which specializes in D2C organic and healthy products. NewAge operates in over 50 countries, focusing on health and wellness, beauty, and nutritional performance.
Positive
- Leadership change may bring new perspectives and strategies.
- Potential for improved management direction in the future.
Negative
- Immediate resignation raises concerns about continuity and leadership stability.
- Loss of experience and vision with Brent Willis's departure.
Details
News Market Reaction – NBEV
The recorded move for NBEV in the trading session of this news was -8.41%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DENVER, Jan. 10, 2022 (GLOBE NEWSWIRE) -- On January 10, 2022, NewAge, Inc. (Nasdaq: NBEV), the Colorado-based direct-to-consumer (D2C) organic and healthy products company, filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) announcing that the NewAge, Inc. Board of Directors and the Chief Executive Officer, Brent Willis, have agreed that Mr. Willis will resign as Chief Executive Officer, Director, and employee, effective immediately.
The Form 8-K can be accessed on the investor section of NewAge’s website at https://newagegroup.com/investors/tab/sec-filings and on the SEC’s website at www.sec.gov.
About NewAge, Inc.
NewAge is a purpose-driven firm dedicated to inspiring the planet to Live Healthy™. Colorado-based NewAge commercializes a portfolio of organic and healthy products worldwide primarily through a direct-to-consumer (D2C) route to market distribution system across more than 50 countries. The Company competes in three major category platforms including health and wellness, inner and outer beauty, and nutritional performance and weight management — through a network of exclusive independent Brand Partners, empowered with the leading social selling tools and technology available worldwide. More information on the Company can be found at NewAgeGroup.com.
Contact:
MEDIA
August
Ellen Davis / Steven Goldberg
NewAge@AugustCo.com
INVESTORS
NewAge, Inc.
Lisa Mueller
VP, Investor Relations
ir@newage.com
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