{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-21-041972","form_type":"8-K","ticker":"TPB","cik":"0001290677","company_name":"Turning Point Brands, Inc.","filed_at":"2021-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:04:11.926360+00:00","generated_at":"2026-06-28T00:25:29.274303+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Turning Point Brands appoints Yavor Efremov as CEO; Wexler retires after 18 years","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-21-041972","json":"https://secwatch.observer/filing/0001140361-21-041972.json","markdown":"https://secwatch.observer/filing/0001140361-21-041972.md","text":"https://secwatch.observer/filing/0001140361-21-041972.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1290677/000114036121041972/0001140361-21-041972-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1290677/000114036121041972/brhc10031972_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T00:25:29.274303+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4dcd43dd29","claim":"Larry Wexler departed as Chief Executive Officer at Turning Point Brands, Inc..","evidence_excerpt":"Mr. Wexler intends to retire as Chief Executive Officer effective January 10, 2022 after 18 years with the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1290677/000114036121041972/0001140361-21-041972-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retiring"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"c1a18230c9","claim":"Yavor Efremov was appointed as President and Chief Executive Officer at Turning Point Brands, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1290677/000114036121041972/0001140361-21-041972-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}