Turning Point Brands appoints Yavor Efremov as CEO; Wexler retires after 18 years

Turning Point Brands, Inc.

Yavor Efremov appointed President and CEO, effective Jan 11, 2022, succeeding Larry Wexler who retires after 18 years.
Efremov previously served on TPB board since July 2021; background includes CEO of Motorsport Network and senior exec at Liberty Media.
Wexler to remain on board and provide consulting through June 2022; receives monthly base salary payment for consulting.
Efremov's employment: $750k base salary, target annual bonus of 100% of base, and minimum $500k LTIP.
Company expects 2021 revenue and EBITDA towards higher end of previously communicated guidance.

item 5.02 item 9.01

Executive movements

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Departed

Larry Wexler

Chief Executive Officer

TPB · Turning Point Brands, Inc.

Effective: 2022-01-10
Successor: Yavor Efremov
Filed: December 16, 2021, 6:59 PM ET

Mr. Wexler intends to retire as Chief Executive Officer effective January 10, 2022 after 18 years with the Company.

Appointed

Yavor Efremov

President and Chief Executive Officer

TPB · Turning Point Brands, Inc.

Effective: 2022-01-11
Filed: December 16, 2021, 6:59 PM ET

the Board has appointed Yavor Efremov to succeed Larry Wexler as President and Chief Executive Officer of the Company, effective as of January 11, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Larry Wexler departed as Chief Executive Officer at Turning Point Brands, Inc..

Action: retiring
Role: Chief Executive Officer

Exact text from the filing

Mr. Wexler intends to retire as Chief Executive Officer effective January 10, 2022 after 18 years with the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Yavor Efremov was appointed as President and Chief Executive Officer at Turning Point Brands, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board has appointed Yavor Efremov to succeed Larry Wexler as President and Chief Executive Officer of the Company, effective as of January 11, 2022.

View on SEC.gov

Turning Point Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-21-041972

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