Synergy CHC files for chapter 11 bankruptcy
Synergy CHC Corp. commenced chapter 11 proceedings, engaged a chief restructuring officer, and saw most of its board resign, leaving one remaining director.
Rhea-AI Filing Summary
Synergy CHC Corp. (SNYR) has filed a voluntary petition for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Columbia, placing the company’s assets under the court’s jurisdiction and establishing it as a debtor-in-possession.
The company states it reasonably anticipates filing a plan of liquidation or reorganization within a forthcoming 120-day period, and a meeting of creditors will be scheduled under the Bankruptcy Code and related rules. Synergy CHC Corp. has engaged The VerStandig Law Firm, LLC as counsel and advisor in the case. In connection with the restructuring, Lauren P. Berret of Eisner Advisory Group LLC was engaged as chief restructuring officer, and on September 4, 2026, immediately after the chapter 11 filing, four directors—Alfred Baumeler, Nitin Kaushal, J. Paul SoRelle and Teresa Thompson—resigned from the Board, leaving Jack Ross as the sole remaining director. Baumeler also resigned as President effective August 31, 2026.
Positive
- None.
Negative
- Voluntary chapter 11 bankruptcy filing places Synergy CHC Corp.’s assets under court jurisdiction and signals significant financial distress.
- Board and executive resignations include four directors and the President stepping down around the bankruptcy filing, leaving only one remaining director and highlighting governance disruption.
Insights
Analyzing...
8-K Event Classification
2 items: 1.03, 5.02
2 items
Item 1.03
Bankruptcy or Receivership
Business
The company or a significant subsidiary has filed for bankruptcy or entered receivership.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Chapter 11 petition date: September 4, 2026
Anticipated plan period: 120 days
Resigning directors: 4 directors
+1 more
4 metrics
Chapter 11 petition date
September 4, 2026
Date Synergy CHC Corp. filed its voluntary chapter 11 case in the District of Columbia
Anticipated plan period
120 days
Period within which the company reasonably anticipates filing a plan of liquidation or reorganization
Resigning directors
4 directors
Number of board members resigning immediately after the chapter 11 filing
Remaining directors
1 director
Jack Ross remains as the sole member of the Board of Directors
Key Terms
chapter 11, debtor-in-possession, plan of liquidation or reorganization, meeting of creditors, +1 more
5 terms
chapter 11 regulatory
"filed a voluntary petition for relief under chapter 11 of title 11"
Chapter 11 is a U.S. bankruptcy process that lets a financially distressed company keep operating while it reorganizes its debts and business plan under court supervision. Think of it as a formal pause that allows the company to renegotiate payments, shed contracts or assets, and seek a path to profitability instead of being liquidated; investors watch it because it can change the value and priority of claims, equity dilution, or the likelihood of recovery.
debtor-in-possession regulatory
"The Company, operating as a debtor-in-possession, reasonably anticipates"
A debtor-in-possession is a company that has filed for bankruptcy protection but is allowed to keep operating and managing its assets while a court oversees the restructuring process. Investors pay attention because this status can help preserve business value and cash flow during reorganization, affect the priority of new loans and claims, and shape how much existing shareholders and creditors ultimately recover—like a shopkeeper allowed to stay open while reorganizing debts under court supervision.
plan of liquidation or reorganization financial
"anticipates filing a plan of liquidation or reorganization within the forthcoming 120-day"
meeting of creditors regulatory
"A meeting of creditors will be scheduled in accordance with the applicable"
chief restructuring officer financial
"engaged the services of Lauren P. Berret ... as chief restructuring officer"
FAQ
What major event did Synergy CHC Corp. (SNYR) report on September 4, 2026?
Synergy CHC Corp. filed a voluntary chapter 11 bankruptcy petition in the United States Bankruptcy Court for the District of Columbia. The filing places the company’s assets under the court’s jurisdiction while it operates as a debtor-in-possession during the restructuring process.
What does the chapter 11 filing mean for Synergy CHC Corp. (SNYR)?
The chapter 11 filing makes Synergy CHC Corp. a debtor-in-possession, with its assets subject to Bankruptcy Court jurisdiction. The company anticipates filing a plan of liquidation or reorganization within 120 days, and a meeting of creditors will be scheduled under applicable bankruptcy rules.
Were there board changes disclosed by Synergy CHC Corp. (SNYR) in this 8-K?
Yes. Immediately after the chapter 11 filing on September 4, 2026, Alfred Baumeler, Nitin Kaushal, J. Paul SoRelle and Teresa Thompson resigned as directors. The company states their resignations were not due to disagreements and occurred in connection with the bankruptcy filing.
Who remains on the board of Synergy CHC Corp. (SNYR) after the resignations?
Following the resignations of four directors on September 4, 2026, Jack Ross is the sole remaining member of Synergy CHC Corp.’s Board of Directors. He also signed the report as an Authorized Signatory on behalf of the company.
What executive changes did Synergy CHC Corp. (SNYR) report around the bankruptcy filing?
Effective August 31, 2026, Alfred Baumeler resigned as President. Effective August 26, 2026, the company engaged Lauren P. Berret of Eisner Advisory Group LLC as chief restructuring officer to assist with the chapter 11 process.
Who is advising Synergy CHC Corp. (SNYR) in its bankruptcy case?
Synergy CHC Corp. has engaged The VerStandig Law Firm, LLC as its counsel and advisor in the chapter 11 case. The firm will continue in this role, subject to Bankruptcy Court approval as required under bankruptcy procedures.
AI-generated analysis. How Rhea-AI works. Not financial advice.
