leadership
confidence high
sentiment neutral
materiality 0.70
BrewBilt CEO Jef Lewis resigns; COO Bennett Buchanan appointed as CEO, Secretary & Treasurer
BrewBilt Brewing Co
- Jef Lewis resigned as CEO, Secretary, and Treasurer effective Sept 5, 2023; remains on board with $36,000/yr salary and 559 Preferred Series A shares ($150,000 stated value).
- Bennett Buchanan appointed CEO, Secretary, and Treasurer; salary $250,000/yr, 559 Preferred Series A shares ($150,000 value), term through Dec 31, 2024.
- Company issued 1,965 Preferred Series A shares ($527,500) to Lewis and 1,185 shares ($318,159) to Buchanan for unpaid wages.
- Employment agreement has 90-day termination notice clause; unpaid salary accrues 6% interest and may convert to Preferred Series A shares.