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 Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously disclosed in the Current Report on Form 8-K filed on August 16, 2018, the board of directors (the “Board”) of Truett-Hurst, Inc., a Delaware corporation (the “Company”), has appointed Mr. Paul E. Dolan, III as the Company’s President and Chief Executive Officer, effective November 1, 2018.

On October 9, 2018, the Compensation Committee of the Board approved a base salary for Mr. Dolan of $200,000 per year during his service as the Company’s President and Chief Executive Officer.

On October 9, 2018, the Nominating and Governance Committee of the Board and the Board approved and adopted, effective on that date, a Certificate of Amendment of Bylaws of the Company (the “Bylaws Amendment”).

The Bylaws Amendment revised certain provisions to remove the requirement that the Company’s Chairman of the Board of Directors be the chief executive officer of the Company and to remove the requirement that the Company’s President be the Chairman of the Board of Directors.

The foregoing summary of the revisions set forth in the Bylaws Amendment is qualified in its entirety by reference to the full text thereof, a copy of which is filed herewith as Exhibit 3.1 and is incorporated herein by reference.

Truett-Hurst, Inc. Exhibit
EX-3.1 2 tv504777_ex3-1.htm EXHIBIT 3.1   Exhibit 3.1   CERTIFICATE OF AMENDMENT OF BYLAWS OF TRUETT-HURST,…
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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.