Rocky Mountain Chocolate names Starlette B. Johnson interim CEO, replaces Robert Sarlls

Rocky Mountain Chocolate Factory, Inc.

Robert Sarlls terminated without cause on Jan 27; severance includes 15 months base salary, pro-rated bonus, and 12 months COBRA.
Starlette B. Johnson appointed Interim CEO effective Jan 28; she was a Board member since March 2023.
Board reduced from 6 to 5 directors following Sarlls' resignation.
Johnson brings 30+ years of retail/hospitality experience including leadership at Dave & Buster's and Brinker International.
Company states goal to return to growth and profitability in Fiscal 2025 under the Strategic Transformation Plan.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed (interim)

Starlette B. Johnson

Interim Chief Executive Officer

RMCF · Rocky Mountain Chocolate Factory, Inc.

Effective: 2024-01-28
Filed: January 29, 2024, 6:59 PM ET

On January 28, 2024, the board of directors (the “Board”) of Rocky Mountain Chocolate Factory (the “Company”) appointed Starlette B. Johnson to the position of Interim Chief Executive Officer, effective immediately.

Departed

Robert Sarlls

Chief Executive Officer

RMCF · Rocky Mountain Chocolate Factory, Inc.

Effective: 2024-01-27
Successor: Starlette B. Johnson
Filed: January 29, 2024, 6:59 PM ET

On January 27, 2024, Robert Sarlls’ employment as Chief Executive Officer of the Company was terminated without Cause (as such term is defined in Mr. Sarlls’ offer letter with the Company, dated May 3, 2022, the “Sarlls Offer Letter”), effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Starlette B. Johnson was appointed as Interim Chief Executive Officer at Rocky Mountain Chocolate Factory, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On January 28, 2024, the board of directors (the “Board”) of Rocky Mountain Chocolate Factory (the “Company”) appointed Starlette B. Johnson to the position of Interim Chief Executive Officer, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Sarlls was terminated as Chief Executive Officer at Rocky Mountain Chocolate Factory, Inc..

Action: terminated
Role: Chief Executive Officer

Exact text from the filing

On January 27, 2024, Robert Sarlls’ employment as Chief Executive Officer of the Company was terminated without Cause (as such term is defined in Mr. Sarlls’ offer letter with the Company, dated May 3, 2022, the “Sarlls Offer Letter”), effective immediately.

View on SEC.gov

Rocky Mountain Chocolate Factory, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-002388

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