Avantax CEO Walters to step down after Merger close; CFO, CLO to depart; proxy litigation supplement filed

AVANTAX, INC.

CEO Christopher Walters plans to step down after end of 2023, contingent on closing of Merger with Aretec Group.
CFO Marc Mehlman and CLO Tabitha Bailey will not remain long-term after Merger closing.
Three stockholder lawsuits filed contesting proxy statement disclosures; company to voluntarily supplement proxy.
Supplement adds 2024E financial projections and closing-date details to advisor opinion tables.

item 5.02 item 8.01

Executive movements

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

Departed

Christopher Walters

Chief Executive Officer

AVANTAX, INC.

Filed: November 13, 2023, 6:59 PM ET

Christopher Walters, the Chief Executive Officer of the Company, announced that, subject to the closing of the Merger, he plans to step down from the role of Chief Executive Officer after the end of 2023

Departed

Marc Mehlman

Chief Financial Officer and Treasurer

AVANTAX, INC.

Filed: November 13, 2023, 6:59 PM ET

Marc Mehlman, the Company’s Chief Financial Officer and Treasurer, and Tabitha Bailey, the Company’s Chief Legal Officer and Corporate Secretary, announced that, subject to the closing of the transactions contemplated by the Merger Agreement, they would not remain with the Company long-term following such closing.

Departed

Tabitha Bailey

Chief Legal Officer and Corporate Secretary

AVANTAX, INC.

Filed: November 13, 2023, 6:59 PM ET

Marc Mehlman, the Company’s Chief Financial Officer and Treasurer, and Tabitha Bailey, the Company’s Chief Legal Officer and Corporate Secretary, announced that, subject to the closing of the transactions contemplated by the Merger Agreement, they would not remain with the Company long-term following such closing.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Walters departed as Chief Executive Officer at AVANTAX, INC..

Action: plans to step down
Role: Chief Executive Officer

Exact text from the filing

Christopher Walters, the Chief Executive Officer of the Company, announced that, subject to the closing of the Merger, he plans to step down from the role of Chief Executive Officer after the end of 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marc Mehlman departed as Chief Financial Officer and Treasurer at AVANTAX, INC..

Action: would not remain
Role: Chief Financial Officer and Treasurer

Exact text from the filing

Marc Mehlman, the Company’s Chief Financial Officer and Treasurer, and Tabitha Bailey, the Company’s Chief Legal Officer and Corporate Secretary, announced that, subject to the closing of the transactions contemplated by the Merger Agreement, they would not remain with the Company long-term following such closing.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tabitha Bailey departed as Chief Legal Officer and Corporate Secretary at AVANTAX, INC..

Action: would not remain
Role: Chief Legal Officer and Corporate Secretary

Exact text from the filing

Marc Mehlman, the Company’s Chief Financial Officer and Treasurer, and Tabitha Bailey, the Company’s Chief Legal Officer and Corporate Secretary, announced that, subject to the closing of the transactions contemplated by the Merger Agreement, they would not remain with the Company long-term following such closing.

View on SEC.gov

Source: SEC EDGAR

accession 0001999371-23-000135

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