secwatch.observer — SEC 8-K summary
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Issuer:     Turning Point Brands, Inc. (TPB)
CIK:        0001290677
Form:       8-K
Filed at:   2022-10-17T23:59:59+00:00
Accession:  0001140361-22-037325
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290677/000114036122037325/0001140361-22-037325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290677/000114036122037325/ny20005571x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-037325

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer