ALJ Regional Holdings, Inc. (NASDAQ:ALJJ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 24, 2019, Marc Reisch, a non-independent director of ALJ Regional Holdings, Inc. (the “Company”), notified the Company of his decision to resign from the Company’s Board of Directors, effective immediately. Mr. Reisch’s decision to resign was occasioned by the fact that the Company does not currently have a majority of its directors who are independent under Nasdaq rules, and was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Reisch will remain Chief Executive Officer of the Company’s wholly owned-subsidiary Phoenix Color Corp.
About ALJ Regional Holdings, Inc. (NASDAQ:ALJJ)
ALJ Regional Holdings, Inc. is a holding company. The Company’s segments include Faneuil, Carpets and Phoenix. The Faneuil segment offers clients customer relationship management; billing, payment and claims processing; data entry; document management; workforce and support analytics; quality assurance; system support and maintenance, and staffing services. The Carpets segment is a provider of multiple products for the commercial, retail and home builder markets, including all types of flooring, countertops, cabinets, window coverings and garage/closet organizers. The Carpets segment provides various floor coverings to commercial and retail customers, including carpet, ceramic, porcelain, natural stone, vinyl plank, vinyl tile, area rugs and specialty flooring, including bamboo, leather, cork and large format tile. The Phoenix segment is engaged in offering digital pre-press capabilities and its ultraviolet (UV) printing platform supports a range of printing and finishing options.
