CFO Alexander Sannikov resigns; Martin Scott appointed as CFO of Luvu Brands

Luvu Brands, Inc.

CFO Alexander Sannikov resigned effective Sept 1, 2023; no disagreement with board or management.
Martin Scott, CPA, appointed CFO; previously founder of Martin Scott CFO Consulting Services.
Employment term 12 months, base salary $126,000/year; no severance on termination.
Scott receives option for 200,000 shares at $0.0812/share, vesting 50% on Sept 1, 2024 and 2025.
Options accelerate upon change of control or uplisting to a national exchange.

item 5.02 item 9.01

Executive movements

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Appointed

Martin Scott

Chief Financial Officer

LUVU · Luvu Brands, Inc.

Effective: 2023-09-01
Filed: September 7, 2023, 7:59 PM ET

Effective September 1, 2023, the Company appointed Martin Scott as Chief Financial Officer of the Company.

Departed

Alexander A. Sannikov

Chief Financial Officer

LUVU · Luvu Brands, Inc.

Effective: 2023-09-01
Successor: Martin Scott
Filed: September 7, 2023, 7:59 PM ET

On September 1, 2023, Alexander A. Sannikov, Chief Financial Officer of Luvu Brands, Inc. (the “Company”), notified the Company of his intention to resign from his position as Chief Financial Officer and remain a consultant of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Martin Scott was appointed as Chief Financial Officer at Luvu Brands, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Effective September 1, 2023, the Company appointed Martin Scott as Chief Financial Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Alexander A. Sannikov resigned as Chief Financial Officer at Luvu Brands, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On September 1, 2023, Alexander A. Sannikov, Chief Financial Officer of Luvu Brands, Inc. (the “Company”), notified the Company of his intention to resign from his position as Chief Financial Officer and remain a consultant of the Company.

View on SEC.gov

Luvu Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-011658

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