XFIT BRANDS, INC. (OTCBB:XFTB) 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.
Resignation of David E. Vautrin as Interim Chief
Executive Officer, Appointment of J. Gregory Barrow as Interim
Chief Executive Officer
On April 26, 2017 the Registrant accepted the resignation of
David E. Vautrin as interim chief executive officer and all
officer positions with the Registrant and its affiliates, who
left to pursue other opportunities. Mr. Vautrin remains director
of the Registrant. Mr. J. Gregory Barrow was appointed as interim
chief executive officer, to serve until his successor is duly
elected and qualified. Mr. Barrow, 51, is the founder and
Managing Director of General Capital Partners (GCP) and has an
extensive background in business leadership, entrepreneurship and
investment banking. Greg founded GCP in April of 2002 to leverage
his experience in the distressed marketplace and has transitioned
the firm into a preeminent player in the middle market in a
variety of industries including manufacturing, real estate,
consumer products, and energy/natural resources. In 2011, GCP
shifted its focus to the health and wellness industry, including
the natural food and beverage industry, using its innovate
approach to closing deals quickly while maximizing value.
Mr. Barrow has led and completed well over 100 transactions
valued at over one billion dollars. His expertise has been
featured in media outlets such as Bloomberg, Dow Jones, MSN
Money, The Deal, Denver Business Journal and he is a frequent
speaker for the Turnaround Management Association. From 1991 to
1999, Mr. Barrow was the founder and CEO of Peak Resources, Inc.,
an IBM Business Partner providing information systems and
solutions to Fortune 1000 companies. Mr. Barrow received a B.S.
in Business Administration with emphasis in Computer Science and
Accounting from Washington Lee University.
As of the date of this Report, the Registrant and Mr. Barrow have
not entered into any agreement requiring disclosure under Item
5.02(c)(3).
XFIT BRANDS, INC. (OTCBB:XFTB) Recent Trading Information
XFIT BRANDS, INC. (OTCBB:XFTB) closed its last trading session 00.0000 at 0.0600 with 1,800 shares trading hands.
