Item 9 Labs CEO resigns, Chairman takes interim role, layoffs announced

Item 9 Labs Corp.

CEO Michael Weinberger resigned May 17, will stay as Strategic Advisor; no disagreement cited.
Chairman Douglas Bowden appointed Interim CEO effective May 22, 2023.
Director Jeffrey Rassas (former CSO) named Strategic Advisor for capital markets and IR.
Company cutting operating expenses including employee layoffs to stabilize cash flows.

item 5.02 item 8.01

Executive movements

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Appointed (interim)

Douglas Bowden

Interim Chief Executive Officer

Item 9 Labs Corp.

Effective: 2023-05-22
Filed: May 22, 2023, 7:59 PM ET

On May 22, 2023, the Board appointed Mr. Douglas Bowden, age 63, as the Company’s Interim Chief Executive Officer.

Departed

Michael Weinberger

Chief Executive Officer

Item 9 Labs Corp.

Effective: 2023-05-17
Successor: Douglas Bowden
Filed: May 22, 2023, 7:59 PM ET

On May 17, 2023, Mr. Michael Weinberger voluntarily resigned as Chief Executive Officer and member of the Board of Directors of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas Bowden was appointed as Interim Chief Executive Officer at Item 9 Labs Corp..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On May 22, 2023, the Board appointed Mr. Douglas Bowden, age 63, as the Company’s Interim Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Weinberger resigned as Chief Executive Officer at Item 9 Labs Corp..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On May 17, 2023, Mr. Michael Weinberger voluntarily resigned as Chief Executive Officer and member of the Board of Directors of the Company.

View on SEC.gov

Source: SEC EDGAR

accession 0001554795-23-000184

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