Kaival Brands CEO steps down; COO Mosser becomes President; preferred stock converted into 25M common shares

Kaival Brands Innovations Group, Inc.

Nirajkumar Patel resigns as CEO and Treasurer, appointed Chief Science & Regulatory Officer; remains on board.
COO Eric Mosser named President and principal executive officer; base salary increased to $300,000.
Mosser and Patel each receive 250,000-share stock options at $1.72 exercise price, vesting over two years.
Kaival Holdings converts 3,000,000 Series A Preferred shares into 25,000,000 common shares early, citing PMI licensing deal.
Leadership changes position company for international expansion under Philip Morris agreement announced June 13, 2022.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Nirajkumar Patel

Chief Science and Regulatory Officer

KAVL · Kaival Brands Innovations Group, Inc.

Effective: 2022-06-24
Successor: Eric Mosser
Filed: June 27, 2022, 7:59 PM ET

In connection with Mr. Patel’s resignation as the Company’s Chief Executive Officer and Treasurer, the Board of Directors (the “Board”) appointed Mr. Patel to serve as the Company’s Chief Science and Regulatory Officer, a newly created position, effective immediately.

Role change

Eric Mosser

President

KAVL · Kaival Brands Innovations Group, Inc.

Effective: 2022-06-24
Filed: June 27, 2022, 7:59 PM ET

On June 24, 2022, the Board appointed Eric Mosser, the Company’s current Chief Operating Officer, as President, 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

Nirajkumar Patel was appointed as Chief Science and Regulatory Officer at Kaival Brands Innovations Group, Inc..

Action: resigned as Chief Executive Officer and Treasurer and appointed as Chief Science and Regulatory Officer
Role: Chief Science and Regulatory Officer

Exact text from the filing

In connection with Mr. Patel’s resignation as the Company’s Chief Executive Officer and Treasurer, the Board of Directors (the “Board”) appointed Mr. Patel to serve as the Company’s Chief Science and Regulatory Officer, a newly created position, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Eric Mosser was appointed as President at Kaival Brands Innovations Group, Inc..

Action: appointed as President
Role: President

Exact text from the filing

On June 24, 2022, the Board appointed Eric Mosser, the Company’s current Chief Operating Officer, as President, effective immediately.

View on SEC.gov

Kaival Brands Innovations Group, Inc. filing history →

Source: SEC EDGAR

accession 0001731122-22-001122

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