Enservco appoints Marc Kramer to board, updates on Buckshot Acquisition to reduce seasonal reliance

Enservco Corp

Steven Weyel resigned from board effective April 29, 2024 to focus on a new venture.
Marc Kramer appointed April 30, 2024; brings 30+ years logistics/transportation experience as executive chairman of SOAR Transportation Group.
Kramer receives $22,500 in shares (101,351 shares at $0.222/share) vesting Jan 1, 2025; quarterly cash compensation $7,500.
Company exploring strategic initiatives to reduce seasonal reliance; Buckshot Acquisition expected to close in Q2 2024 pending stockholder approval.
Acquisition intended to provide year-round logistics, reduce commodity risk, and improve cash flow visibility.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Marc A. Kramer

Director

Enservco Corp

Effective: 2024-04-30
Filed: May 3, 2024, 7:59 PM ET

On April 30, 2024, Marc A. Kramer was elected to the Board of Directors of the Company.

Departed

Steven Weyel

Director

Enservco Corp

Effective: 2024-04-29
Filed: May 3, 2024, 7:59 PM ET

On April 29, 2024, Steven Weyel resigned from the Board of Directors of Enservco Corporation (the “Company”), 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

Marc A. Kramer was elected as Director at Enservco Corp.

Action: elected
Role: Director

Exact text from the filing

On April 30, 2024, Marc A. Kramer was elected to the Board of Directors of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven Weyel resigned as Director at Enservco Corp.

Action: resigned
Role: Director

Exact text from the filing

On April 29, 2024, Steven Weyel resigned from the Board of Directors of Enservco Corporation (the “Company”), effective immediately.

View on SEC.gov

Source: SEC EDGAR

accession 0001437749-24-014441

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