Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.0.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Effective April 27, 2017 the Board of Directors (the “Board”) of Rocky Mountain Chocolate Factory, Inc. (the “Company”), based upon the recommendation of the Board’s Nominating Committee, appointed Brett P. Seabert to serve on the Board. Mr. Seabart will fill the vacant seat on the Board following the passing of Gerald A. Kien on February 22, 2017. The Board determined that Mr. Seabert will serve on the Nominating Committee, Compensation Committee and Audit Committee of the Board. As compensation for his service on the Board, Mr. Seabart will receive the Company’s standard compensation for non-employee directors.  There are no understandings or arrangements between Mr. Seabart and any other person to which he was selected as a director.

Mr. Seabert, a Certified Public Accountant (“CPA”), has 25 years of experience in business management, operations, finance and administration. Mr. Seabert currently serves in various capacities including Director, President, Chief Financial Officer and Chief Operating Officer of various companies, including Tanamera Construction, LLC (since April 2007), TD Construction, LP (since September 2009), Caughlin Club Management Partners, LLC (since July 2008), and B&L Investments, Inc. (since March 2003). From 2001 to 2008, Mr. Seabert served as Chief Financial and Operating Officer of Tanamera Commercial Development. Between 1989 and 2001, Mr. Seabert served in various positions at CMS International, most recently as Executive Vice President and Chief Financial Officer. Mr. Seabert has been primarily engaged in commercial real estate development and construction for the past 16 years. From 1984 to 1989, Mr. Seabert was a practicing CPA with Deloitte & Touche LLP.

 


About Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF)

Rocky Mountain Chocolate Factory, Inc. is an international franchisor, confectionery manufacturer and retail operator. The Company’s subsidiary, U-Swirl International, Inc. (U-Swirl), franchises and operates soft-serve frozen yogurt stores. The Company operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl operations and Other. The Company manufactures a range of chocolate candies and other confectionery products. The Company’s franchised/license system of retail stores features chocolate, frozen yogurt and other confectionary products. The Company also sells its candy in selected locations outside of its system of retail stores and licenses the use of its brand with certain consumer products. The Company’s products include a range of clusters, caramels, creams, mints and truffles. Its individual stores also offer over 15 fudges and other products prepared in the store. The Company uses chocolate, nut meats and other ingredients in its candies.

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Recent Trading Information

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) closed its last trading session down -0.22 at 12.76 with 8,085 shares trading hands.