secwatch / observer
8-K filed February 27, 2024, 6:59 PM ET CIK 0000870826
other material confidence high sentiment negative materiality 0.95

Legacy IMBDS, Inc.: going-concern / distress — Bankruptcy Court confirms Chapter 11 liquidation plan; equity canceled, board dissolved

Legacy IMBDS, Inc.

item 1.03item 3.03item 5.02item 5.03item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Darryl Porter

Director
Legacy IMBDS, Inc.
Filed
February 27, 2024, 6:59 PM ET
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
Departed

Jill Krueger

Director
Legacy IMBDS, Inc.
Filed
February 27, 2024, 6:59 PM ET
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
Departed

Jill Frizzley

Director
Legacy IMBDS, Inc.
Filed
February 27, 2024, 6:59 PM ET
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
Departed

James Alt

Chief Executive Officer
Legacy IMBDS, Inc.
Filed
February 27, 2024, 6:59 PM ET
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
Departed

Michael Friedman

Director
Legacy IMBDS, Inc.
Filed
February 27, 2024, 6:59 PM ET
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
Departed

Aaron Reitkopf

Director
Legacy IMBDS, Inc.
Filed
February 27, 2024, 6:59 PM ET
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
Departed

Landel Hobbs

Director
Legacy IMBDS, Inc.
Filed
February 27, 2024, 6:59 PM ET
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
Departed

Alan Aldworth

Director
Legacy IMBDS, Inc.
Filed
February 27, 2024, 6:59 PM ET
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
Departed

Eyal Lalo

Director
Legacy IMBDS, Inc.
Filed
February 27, 2024, 6:59 PM ET
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
Departed

Steve Panagos

Director
Legacy IMBDS, Inc.
Filed
February 27, 2024, 6:59 PM ET
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

Legacy IMBDS, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-06-28).

Proceeding
chapter 11
Court
United States Bankruptcy Court for the District of Delaware
Petition
2023-06-28
Exact text from the filing
As previously disclosed, on June 28, 2023, Legacy IMBDS, Inc. (f/k/a iMedia Brands, Inc.) (“ Company ”) and certain of its subsidiaries (collectively, the “ Debtors ”) filed voluntary petitions (the “ Chapter 11 Cases ”) in the United States Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”) seeking relief under Chapter 11 of Title 11 of the United States Code.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Darryl Porter departed as Director at Legacy IMBDS, Inc..

Action
ceased to be
Role
Director
Exact text from the filing
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Jill Krueger departed as Director at Legacy IMBDS, Inc..

Action
ceased to be
Role
Director
Exact text from the filing
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Jill Frizzley departed as Director at Legacy IMBDS, Inc..

Action
ceased to be
Role
Director
Exact text from the filing
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.85

James Alt departed as Chief Executive Officer at Legacy IMBDS, Inc..

Action
ceased to be
Role
Chief Executive Officer
Exact text from the filing
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Friedman departed as Director at Legacy IMBDS, Inc..

Action
ceased to be
Role
Director
Exact text from the filing
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Aaron Reitkopf departed as Director at Legacy IMBDS, Inc..

Action
ceased to be
Role
Director
Exact text from the filing
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Landel Hobbs departed as Director at Legacy IMBDS, Inc..

Action
ceased to be
Role
Director
Exact text from the filing
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Alan Aldworth departed as Director at Legacy IMBDS, Inc..

Action
ceased to be
Role
Director
Exact text from the filing
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Eyal Lalo departed as Director at Legacy IMBDS, Inc..

Action
ceased to be
Role
Director
Exact text from the filing
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Steve Panagos departed as Director at Legacy IMBDS, Inc..

Action
ceased to be
Role
Director
Exact text from the filing
Each of the Company’s directors (Darryl Porter, Landel Hobbs, Jill Krueger, Alan Aldworth, Aaron Reitkopf, Michael Friedman, Eyal Lalo, Steve Panagos, and Jill Frizzley), and the Company’s remaining officer, James Alt, will cease to be directors and officers of the Company on the Effective Date.
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Legacy IMBDS, Inc.: Company's fiscal year end changed to the Effective Date of the Plan.

Change
fiscal year change
Exact text from the filing
on the Effective Date the Company’s fiscal year end will be changed to the Effective Date
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-24-028211
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