---
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"
generated_at: "2026-06-28T00:25:29.274303+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-041972
- JSON: https://secwatch.observer/filing/0001140361-21-041972.json
- Plain text: https://secwatch.observer/filing/0001140361-21-041972.txt

## Key facts
- Executive change
  Larry Wexler departed as Chief Executive Officer at Turning Point Brands, Inc..
  - Action: retiring
  - Role: Chief Executive Officer
  source text: Mr. Wexler intends to retire as Chief Executive Officer effective January 10, 2022 after 18 years with the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290677/000114036121041972/0001140361-21-041972-index.htm
- Executive change
  Yavor Efremov was appointed as President and Chief Executive Officer at Turning Point Brands, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1290677/000114036121041972/0001140361-21-041972-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.