---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-000418"
form_type: "8-K"
ticker: "KAVL"
cik: "0001762239"
company_name: "Kaival Brands Innovations Group, Inc."
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T23:02:51.387540+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Kaival Brands appoints ex-Altria exec Barry Hopkins Chairman; Reuter retires

## Summary
- Paul Reuter retired as Chairman and from all committees on March 18, 2023, with no disagreement with management.
- Board expanded from 5 to 7; new directors: Barry Hopkins (Chairman, ex-Altria), David Worner (accounting), Mark Thoenes (CFO).
- Hopkins and Worner receive $100k annual cash and 125,000 options vesting 1 year; Thoenes no additional pay.
- Committees reconstituted: Audit (Brooks, Worner, Chuang), Compensation (Worner, Hopkins, Chuang), Governance (Hopkins, Worner, Brooks).
- Press release issued March 20, 2023, announcing board changes.

## SEC filing metadata
- accession: 0001731122-23-000418
- form_type: 8-K
- ticker: KAVL
- cik: 0001762239
- company_name: Kaival Brands Innovations Group, Inc.
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762239/000173112223000418/0001731122-23-000418-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762239/000173112223000418/e4516_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-000418
- JSON: https://secwatch.observer/filing/0001731122-23-000418.json
- Plain text: https://secwatch.observer/filing/0001731122-23-000418.txt

## Key facts
- Executive change
  David Worner was appointed as Director at Kaival Brands Innovations Group, Inc..
  - Action: appointed
  - Role: Director
  source text: The Board subsequently appointed Messrs. Barry M. Hopkins, David Worner and Mark Thoenes to the Board to fill the three resulting vacancies.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223000418/0001731122-23-000418-index.htm
- Executive change
  Barry M. Hopkins was appointed as Chairman of the Board at Kaival Brands Innovations Group, Inc..
  - Action: appointed
  - Role: Chairman of the Board
  source text: The Board subsequently appointed Messrs. Barry M. Hopkins, David Worner and Mark Thoenes to the Board to fill the three resulting vacancies.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223000418/0001731122-23-000418-index.htm
- Executive change
  Paul Reuter resigned as Chairman of the Board at Kaival Brands Innovations Group, Inc..
  - Action: resigned
  - Role: Chairman of the Board
  source text: On March 18, 2023, Paul Reuter notified the Board of Directors (the “ Board ”) of Kaival Brands Innovations Group, Inc. (the “ Company ”) of his intent to retire and resign from the office of Chairman of the Board and each Board committee on which he serves, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223000418/0001731122-23-000418-index.htm
- Executive change
  Mark Thoenes was appointed as Director at Kaival Brands Innovations Group, Inc..
  - Action: appointed
  - Role: Director
  source text: The Board subsequently appointed Messrs. Barry M. Hopkins, David Worner and Mark Thoenes to the Board to fill the three resulting vacancies.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762239/000173112223000418/0001731122-23-000418-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.