Better Choice cuts 25% of workforce, eliminates COO role, expects $2.2M annual savings

SRx Health Solutions, Inc.

COO Robert Sauermann resigns effective March 17, 2023; no disagreement with operations.
Workforce reduction of approximately 25% of current employees.
Expected annual cost savings of ~$2.2 million from the streamlining.
Interim CEO Lionel Conacher cites market weakness as reason for the reduction.
Further details to be provided with Q4 and full year 2022 financial results.

item 5.02 item 9.01

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Departed

Robert Sauermann

Chief Operating Officer

SRXH · SRx Health Solutions, Inc.

Effective: 2023-03-17
Filed: March 2, 2023, 6:59 PM ET

On March 2, 2023, Better Choice Company Inc. (the "Company") announced that Robert Sauermann, age 31, informed the Company of his intention to resign from his position as Chief Operating Officer of the Company.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Sauermann resigned as Chief Operating Officer at SRx Health Solutions, Inc..

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

On March 2, 2023, Better Choice Company Inc. (the "Company") announced that Robert Sauermann, age 31, informed the Company of his intention to resign from his position as Chief Operating Officer of the Company.

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SRx Health Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001471727-23-000008

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