TRUETT-HURST, INC. (NASDAQ:THST) 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.
(a) Appointment of Certain Officers
On April 27, 2018, the Board of Directors (the “Board”) of Truett-Hurst, Inc. (the “Company”) approved the appointment of Karen Weaver as the Company’s Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and Secretary effective immediately.
Effective April 14, 2018, Ms. Weaver will receive an annual base salary of $240,000 and will be eligible for an annual 20% bonus based on an assessment of performance metrics.
Ms. Weaver, 57, has served as Vice President, Corporate Controller of the Company since December 18, 2017. She was previously employed by Amyris, Inc. (“Amyris”), a publicly-traded biotechnology company delivering renewable products through its science technology as Vice President and Corporate Controller from October 2012 until September 2014 and Vice President, Finance from September 2014 until her departure on December 15, 2017. On August 1, 2013, she was appointed Principal Accounting Officer of Amyris. From September 2009 until February 2011, Ms. Weaver served as Vice President and Corporate Controller of Sonic Solutions (“Sonic”), a publicly-traded global digital media software and entertainment solutions provider. At Sonic, Ms. Weaver oversaw the global finance team and was involved in Sonic’s mergers and acquisitions activities. Neither Amyris nor Sonic is a parent, subsidiary or other affiliate of the Company. Ms. Weaver has approximately 30 years of management, leadership and industry experience, and has led finance functions for varying stages of companies from early stage to public companies with domestic and foreign operations in the technology, biotechnology, manufacturing and financial services industries.
Item 8.01 Other Events
On April 30, 2018, the Company issued a press release announcing Karen Weaver’s appointment as the Company’s Chief Financial Officer. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
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Exhibit No. |
Description |
| 99.1 | Press Release dated April 30, 2018. |
Truett-Hurst, Inc. ExhibitEX-99.1 2 tv492481_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Date: April 30,…To view the full exhibit click here
About TRUETT-HURST, INC. (NASDAQ:THST)
Truett-Hurst, Inc. is a holding company. The Company produces and sells wines and other select beverage alcohol products made from wine. The Company’s segments include wholesale and direct to consumer. Wholesale sales include its retail brand label model and brands sold through the three-tier distribution system. Direct to consumer sales occur through its tasting rooms and wine clubs. It also purchases semi-finished bulk wine, and finished goods from both foreign and domestic producers. The Company owns its tasting room and winery in the Dry Creek Valley and leases the tasting room and winery located in the Russian River Valley. Its wines include Pinot Noir, Chardonnay, Sauvignon Blanc, Zinfandel, Petite Sirah, Merlot and Cabernet Sauvignon, which are sold across a range of price points through various distribution channels, such as three-tier and direct to consumer. Its brands include Truett Hurst, VML, Bradford Mountain, Healdsburg Ranches, The One Armed Man and Stonegate.
