---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-009782"
form_type: "8-K"
ticker: null
cik: "0001488638"
company_name: "MBG Holdings, Inc."
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:21:34.024505+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MBG Holdings CEO James Frinzi resigns; board appoints CRO and Deputy Secretary

## Summary
- James Frinzi resigned as CEO on July 13, 2023; no disagreement cited.
- Board appointed Joseph Baum as Chief Restructuring Officer; he has 20+ years restructuring experience.
- Board appointed Samantha Sondrup as Deputy Secretary; effective July 13, 2023.
- Company faces restructuring with new CRO appointment.

## SEC filing metadata
- accession: 0001214659-23-009782
- form_type: 8-K
- cik: 0001488638
- company_name: MBG Holdings, Inc.
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1488638/000121465923009782/0001214659-23-009782-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1488638/000121465923009782/p7192308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-009782
- JSON: https://secwatch.observer/filing/0001214659-23-009782.json
- Plain text: https://secwatch.observer/filing/0001214659-23-009782.txt

## Key facts
- Executive change
  James Frinzi resigned as Chief Executive Officer at MBG Holdings, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On July 13, 2023 James Frinzi tendered his resignation in writing as Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488638/000121465923009782/0001214659-23-009782-index.htm
- Executive change
  Samantha Sondrup was appointed as Deputy Secretary at MBG Holdings, Inc..
  - Action: appointed
  - Role: Deputy Secretary
  source text: On July 13, 2023, the Board of MBG Holdings, Inc., pursuant to its powers under the Company’s bylaws, appointed Samantha Sondrup as Deputy Secretary of the Company to hold such office until her successor shall have been duly elected and qualified or until her earlier death, resignation or removal in accordance with the Bylaws.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488638/000121465923009782/0001214659-23-009782-index.htm
- Executive change
  Joseph Baum was appointed as Chief Restructuring Officer at MBG Holdings, Inc..
  - Action: appointed
  - Role: Chief Restructuring Officer
  source text: On July 13, 2023, the Board of MBG Holdings, Inc., pursuant to its powers under the Company’s bylaws, appointed Joseph Baum as Chief Restructuring Officer of the Company to hold such office until his successor shall have been duly elected and qualified or until his earlier death, resignation or removal in accordance with the Bylaws.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488638/000121465923009782/0001214659-23-009782-index.htm

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