VPR BRANDS, LP (OTCMKTS:VPRB) 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 January 3, 2017, the Board of Directors of VPR Brands, LP (the
Company) appointed Mr. Daniel Hoff, age 31, as its Chief
Operating Officer (COO). Mr. Hoff previously served as a
consultant to the Company since August 2016, serving as head of
wholesale operations and Director of Alternative Products. He
will retain these positions as COO.
From 2007 until 2011, Mr. Hoff served as Finance Accounting
Manager at Vapor Corp., a company that designs, markets and
distributes e-cigarettes, vaporizers, e-liquids and accessories.
In this position, Mr. Hoff supervised corporate finance and
accounting functions. From 2011 until 2014, Mr. Hoff served as
Production New Products Manager at Vapor Corp. and focused on
supply chain management, product development and design and key
vendor relations. From 2014 until July 2016, he served as Key
Accounts Executive Head of Alternative Products, building Vapor
Corp.s alternative products division and leading wholesale
operations and key account management. The Company acquired Vapor
Corp.s wholesale operations and inventory in July 2016, at which
time Mr. Hoff joined the Company as a consultant until his
appointment as COO.
As COO, Mr. Hoff will receive a salary of $1,250 per week and
will continue to be eligible to receive any performance-based
commission that he shall earn in accordance with the Companys
commission policy, ranging from 2.0% to 2.5% of wholesale sales
made by Mr. Hoff.
On January 9, 2017, the Company issued a press release announcing
Mr. Hoffs appointment, a copy of which is attached hereto as
Exhibit 99.1 and incorporated herein by reference. The
information contained in the website is not a part of this
current report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
| Exhibit No. | Description |
| 99.1 | Press Release of VPR Brands, LP dated January 9, 2017. |
About VPR BRANDS, LP (OTCMKTS:VPRB)
VPR Brands, LP, formerly Soleil Capital L.P., is a technology holding company. The Company is engaged in the electronic cigarette and personal vaporizer industry. The Company is also engaged in product development for the vapor or vaping market, including e-liquids. The Company owns a portfolio of electronic cigarette and personal vaporizer patents. It designs, markets and distributes a range of e-liquids under the HELUIM brand; designs, markets and distributes electronic cigarettes; prosecutes and enforces its rights; licenses its intellectual property, and develops private label manufacturing programs. The Company’s disposable electronic cigarettes feature a one-piece construction that houses all the components and is utilized until the nicotine or nicotine free solution is depleted. Rechargeable electronic cigarettes feature a rechargeable battery and replaceable cartridge. The personal vaporizers feature a tank and a chamber, a heating element and a battery. VPR BRANDS, LP (OTCMKTS:VPRB) Recent Trading Information
VPR BRANDS, LP (OTCMKTS:VPRB) closed its last trading session up +0.060 at 0.380 with 19,550 shares trading hands.
