Xponential Fitness CEO suspended; interim CEO Morris appointed; USAO investigation disclosed

Xponential Fitness, Inc.

CEO Anthony Geisler removed and suspended indefinitely; Brenda Morris appointed Interim CEO effective May 10, 2024.
Received notice on May 7, 2024 of USAO investigation (Central District of California) in addition to prior SEC probe.
Board formed Special Committee of independent directors (Grayson, Clarke, Lawrence) to investigate.
Reaffirmed full-year 2024 guidance previously announced on May 2, 2024.
Retained executive search firm to assist with CEO succession planning.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Anthony Geisler

Chief Executive Officer

XPOF · Xponential Fitness, Inc.

Effective: 2024-05-10
Successor: Brenda Morris
Filed: May 10, 2024, 7:59 PM ET

On May 10, 2024, Mr. Anthony Geisler, Chief Executive Officer and Director of Xponential Fitness, Inc. (the “Company”), was removed by the Company’s Board of Directors from his duties and suspended indefinitely as Chief Executive Officer.

Appointed

Chelsea Grayson

Lead Independent Director

XPOF · Xponential Fitness, Inc.

Effective: 2024-05-10
Filed: May 10, 2024, 7:59 PM ET

Chelsea Grayson has been appointed Lead Independent Director of the Board.

Appointed (interim)

Brenda Morris

Interim Chief Executive Officer

XPOF · Xponential Fitness, Inc.

Effective: 2024-05-10
Filed: May 10, 2024, 7:59 PM ET

The Company’s Board of Directors has appointed Ms. Brenda Morris, a member of the Company’s Board of Directors since 2019, to serve as the Company’s Interim Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Anthony Geisler departed as Chief Executive Officer at Xponential Fitness, Inc..

Action: removed and suspended
Role: Chief Executive Officer

Exact text from the filing

On May 10, 2024, Mr. Anthony Geisler, Chief Executive Officer and Director of Xponential Fitness, Inc. (the “Company”), was removed by the Company’s Board of Directors from his duties and suspended indefinitely as Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Chelsea Grayson was appointed as Lead Independent Director at Xponential Fitness, Inc..

Action: appointed
Role: Lead Independent Director

Exact text from the filing

Chelsea Grayson has been appointed Lead Independent Director of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brenda Morris was appointed as Interim Chief Executive Officer at Xponential Fitness, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

The Company’s Board of Directors has appointed Ms. Brenda Morris, a member of the Company’s Board of Directors since 2019, to serve as the Company’s Interim Chief Executive Officer.

View on SEC.gov

Xponential Fitness, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-136253

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