Premier Exhibitions, Inc. (OTCMKTS:PRXIQ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 8, 2018, Jerome Henshall resigned from the Board of Directors of Premier Exhibitions, Inc. (the “Company”), effective immediately. Mr. Henshall will continue to serve as Chief Financial Officer of the Company.
Effective as of January 10, 2018, the Company appointed Darryl Davis as its Chief Operating Officer. Mr. Davis and the Company entered into an employment agreement on January 8, 2018, effective January 10, 2018. (the “Employment Agreement”). to the Employment Agreement, Mr. Davis has been appointed Chief Operating Officer of the Company with annual base salary of $140,000 CAD while the Company is in chapter 11 bankruptcy, and $170,000 CAD once the Company emerges from chapter 11. Mr. Davis will be eligible for the Company’s standard benefits package. The employment is subject to a three-month probationary period, during which the employment may be terminated for any reason, and thereafter the Employment Agreement may be terminated by the Company or Mr. Davis upon proper notice as provided in the Employment Agreement.
Mr. Davis, age 49, brings over 20 years of experience in Corporate Development, Sales- Marketing execution, Operational Management, and team leadership abilities. Mr. Davis spent the last three years as Chief Operating Officer with Senaca Canada, a Group of Companies focused on risk management. His responsibilities included mapping the vision and strategy of the organization, establishing systems and procedures for business scalability, and building a culture of accountability. Prior to Senaca, Mr. Davis was Chief Operating Officer for Securiguard, overseeing company operations while supporting new business initiatives and Joint Venture agreements. Prior to his entry into the security market, Mr. Davis has a successful history of building his own organizations into profitable enterprises across various markets, most notably in the food service industry. Mr. Davis is a graduate of University of Alberta with a Bachelor of Commerce Degree.
Mr. Davis has no family relationship with anyone at the Company and has no material interest in any transaction of the Company.
About Premier Exhibitions, Inc. (OTCMKTS:PRXIQ)
Premier Exhibitions, Inc. is a provider of museum-quality exhibitions. The Company is engaged in developing and displaying exhibitions for education and entertainment. The Company presents touring exhibitions around the world. The Company’s exhibitions present opportunities to experience compelling stories using authentic objects and artifacts in diverse environments. Its exhibitions are presented in museums, exhibition centers and other entertainment venues. Its exhibitions are presented in areas, including Philadelphia, Winnipeg, Gallipolis, Calgary, Las Vegas and Atlanta. The Company’s services include content development, exhibit design, brand development, space planning and detailed fabrication drawings. It also offers services, such as merchandising; e-commerce, and conceptual exhibition design, including branding, space planning and exhibition design.
