---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-037325"
form_type: "8-K"
ticker: "TPB"
cik: "0001290677"
company_name: "Turning Point Brands, Inc."
filed_at: "2022-10-17T23:59:59+00:00"
generated_at: "2026-06-23T03:13:47.056187+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Turning Point Brands appoints Graham Purdy as CEO; reports preliminary Q3 results and updated FY2022 outlook

## Summary
- Yavor Efremov resigned as CEO and director effective Oct 15, 2022; no disagreement. Graham Purdy (previously COO) appointed CEO and board member.
- David Glazek (Chairman) to become Executive Chairman effective January 2023; steps down from Compensation and Nominating committees.
- Preliminary Q3 2022 net sales $106-108M, net income $10.5-12M, adjusted EBITDA $23.5-25M.
- Full-year 2022 guidance: Zig-Zag Products sales lowered to $186-191M (from $193-200M); Stoker's unchanged $128-132M.
- Consolidated adjusted EBITDA guidance narrowed to $96-99M (from $97-103M).

## SEC filing metadata
- accession: 0001140361-22-037325
- form_type: 8-K
- ticker: TPB
- cik: 0001290677
- company_name: Turning Point Brands, Inc.
- filed_at: 2022-10-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1290677/000114036122037325/0001140361-22-037325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1290677/000114036122037325/ny20005571x1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-037325
- JSON: https://secwatch.observer/filing/0001140361-22-037325.json
- Plain text: https://secwatch.observer/filing/0001140361-22-037325.txt

## Key facts
- Executive change
  Graham A. Purdy 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 appointed Graham A. Purdy as President and Chief Executive Officer of the Company and as a member of the Board, effective as of October 16, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290677/000114036122037325/0001140361-22-037325-index.htm
- Executive change
  David Glazek changed role as Executive Chair at Turning Point Brands, Inc..
  - Action: will transition to
  - Role: Executive Chair
  source text: David Glazek, Chairman of the Board, will transition to the role of Executive Chair effective January 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290677/000114036122037325/0001140361-22-037325-index.htm
- Executive change
  Yavor Efremov resigned as Chief Executive Officer and President at Turning Point Brands, Inc..
  - Action: resigned
  - Role: Chief Executive Officer and President
  source text: As part of this transition, Mr. Yavor Efremov has resigned as Chief Executive Officer and President and from the Board of Directors (the “ Board ”), effective as of October 15, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290677/000114036122037325/0001140361-22-037325-index.htm

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