secwatch / observer

Stran & Company, Inc. — fact timeline

Source-grounded facts extracted from Stran & Company, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

SWAG Stran & Company, Inc. JSON
Earnings Releases

Stran & Company, Inc. reported the first quarter of 2026 ended March 31, 2026 results: revenue $31.2 million, net income $0.7 million.

“Stran & Company Reports $31.2 Million in Revenue and Achieves EBITDA of $1.0 Million for the First Quarter of 2026”
Earnings Releases

Stran & Company, Inc. reported financial results for the fiscal year ended December 31, 2025.

“On March 25, 2026, Stran & Company, Inc. (the "Company") issued a press release announcing its financial results for the fiscal year ended December 31, 2025 and providing a business update.”

Sarah L. Cummins was elected as Director at Stran & Company, Inc..

“On June 20, 2025, the Board elected each of Mark Charles Adams and Sarah L. Cummins to the Board, filling two of the vacancies on the Board resulting from the resignations of Ms. Marshall, Mr. McCourt, and Mr. Tani.”

Mark Charles Adams was elected as Director at Stran & Company, Inc..

“On June 20, 2025, the Board elected each of Mark Charles Adams and Sarah L. Cummins to the Board, filling two of the vacancies on the Board resulting from the resignations of Ms. Marshall, Mr. McCourt, and Mr. Tani.”

Alejandro Tani resigned as Director at Stran & Company, Inc..

“On June 17, 2025, Travis McCourt, and on June 18, 2025, Ashley L. Marshall and Alejandro Tani, delivered written notice of resignation from the board of directors (the “Board”) of Stran & Company, Inc. (the “Company”), effective immediately.”

Ashley L. Marshall resigned as Director at Stran & Company, Inc..

“On June 17, 2025, Travis McCourt, and on June 18, 2025, Ashley L. Marshall and Alejandro Tani, delivered written notice of resignation from the board of directors (the “Board”) of Stran & Company, Inc. (the “Company”), effective immediately.”

Travis McCourt resigned as Director at Stran & Company, Inc..

“On June 17, 2025, Travis McCourt, and on June 18, 2025, Ashley L. Marshall and Alejandro Tani, delivered written notice of resignation from the board of directors (the “Board”) of Stran & Company, Inc. (the “Company”), effective immediately.”
Auditor Changes

Stran & Company, Inc. engaged CBIZ CPAs P.C. as its auditor.

“On April 30, 2025, with the approval of the Audit Committee of the Company’s Board of Directors, CBIZ CPAs was engaged as the Company’s independent registered public accounting firm.”
Auditor Changes

Marcum LLP resigned as auditor of Stran & Company, Inc..

“On April 30, 2025, Stran & Company, Inc. (the “Company”) was notified by Marcum LLP (“Marcum”) that Marcum resigned as the Company’s independent registered public accounting firm.”
M&A Transactions

Stran & Company, Inc. completed an acquisition involving Sallyport Commercial Finance, LLC (as Secured Party for Bangarang Enterprises, LLC) for cash payments of $1,098,800 and assumption of certain liabilities totaling approximately $5.5 million (closed 2024-08-23).

“(the “Bangarang Transaction”). Under the Sale Agreement, the aggregate consideration for the Bangarang Assets consisted of (a) cash payments by the Purchaser to Secured Party of $1,098,800 (the “Cash Purchase Price”), and (b) the assumption by the Purchaser of certain liabilities totaling approximately $5.5 million (the “Assumed Liabilities”), subject to”
Listing & Compliance Notices

Stran & Company, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(H)).

“January 27, 2025, Stran & Company, Inc. (the “Company”) received a written notification (the “Notification Letter”), from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) for continued listing on The Nasdaq Capital Market tier of Nasdaq. The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure”
Listing & Compliance Notices

Stran & Company, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“January 27, 2025, Stran & Company, Inc. (the “Company”) received a written notification (the “Notification Letter”), from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) not”
Listing & Compliance Notices

Stran & Company, Inc. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).

“December 17, 2024, the Company received a letter from the Staff issuing a Staff delisting determination (the “Staff Determination”). The Staff Determination noted that the Staff had notified the Company on June 21, 2024, August 23, 2024, and November 21, 2024, that the Company did not comply with Nasdaq Listing Rule 5250(c)(1) (the “Filing Rule”) because the Company had not filed its Quarterly Reports on Forms 10-Q for the periods ended March 31, 2024, June 30, 2024, and September 30, 2024 (the “Forms 10-Q”), with the Securities and Exchange Commission (the “SEC”). The Staff Determination note”
Listing & Compliance Notices

Stran & Company, Inc. received a nasdaq deficiency notice notice regarding shareholders (rules 5620(a)).

“January 10, 2025, Stran & Company, Inc., a Nevada corporation (the “Company”), received a letter from the Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), notifying it that since the Company has not yet held an annual meeting of stockholders within twelve months of the end of the Company’s fiscal year end, it no longer complies with Nasdaq Listing Rule 5620(a). Accordingly, this matter serves as an additional basis for delisting the Company’s securities from Nasdaq. The Staff indicated that the letter was formal notification that the Nasdaq Hearings Panel (”
Listing & Compliance Notices

Stran & Company, Inc. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).

“December 17, 2024, the Company received a letter from the Staff issuing a Staff delisting determination (the “Staff Determination”). The Staff Determination noted that the Staff had notified the Company on June 21, 2024”
Listing & Compliance Notices

Stran & Company, Inc. received a nasdaq deficiency notice notice regarding other (rules 5620(a)).

“January 10, 2025, Stran & Company, Inc., a Nevada corporation (the “Company”), received a letter from the Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), notifying it that since the”
Listing & Compliance Notices

Stran & Company, Inc. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).

“December 17, 2024, Stran & Company, Inc., a Nevada corporation (the “Company”), received a letter from the Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), issuing a Staff delisting determination (the “Staff Determination”). The Staff Determination noted that the Staff had notified the Company on June 21, 2024, August 23, 2024, and November 21, 2024, that the Company did not comply with Nasdaq Listing Rule 5250(c)(1) (the “Filing Rule”) because the Company had not filed its Quarterly Reports on Forms 10-Q for the periods ended March 31, 2024, June 30, 2024”
M&A Transactions

Stran & Company, Inc. completed an acquisition involving Sallyport Commercial Finance, LLC for aggregate consideration for the Bangarang Assets consisted of (a) cash payments by the Purchaser to Secured Party of $1,098,800 and (b) the assumption by the Pu (closed 2024-08-23).

“(the “Bangarang Transaction”). Under the Sale Agreement, the aggregate consideration for the Bangarang Assets consisted of (a) cash payments by the Purchaser to Secured Party of $1,098,800 (the “Cash Purchase Price”), and (b) the assumption by the Purchaser of certain liabilities totaling approximately $5.5 million (the “Assumed Liabilities”), subject to”
M&A Transactions

Stran & Company, Inc. completed an acquisition involving Sallyport Commercial Finance, LLC for $1,098,800 (closed 2024-08-23).

“(the “Bangarang Transaction”). Under the Sale Agreement, the aggregate consideration for the Bangarang Assets consisted of (a) cash payments by the Purchaser to Secured Party of $1,098,800 (the “Cash Purchase Price”), and (b) the assumption by the Purchaser of certain liabilities totaling approximately $5.5 million (the “Assumed Liabilities”), subject to”
Earnings Releases

Stran & Company, Inc. reported preliminary financial results for the fiscal quarter ended March 31, 2024.

“reports that it has postponed its 2024 first quarter investor conference call due to the recent required dismissal of the Company’s former independent registered public accounting firm. The Company is selecting its new auditor, and plans to announce a new date and time for the conference call to report its preliminary unaudited financial results for the first quarter of 2024 as soon as practicable.”
Auditor Changes

Stran & Company, Inc. dismissed BF Borgers CPA PC as its auditor.

“Effective May 13, 2024, the Company dismissed BF Borgers CPA PC (“BF Borgers”) as its independent registered public accounting firm.”
Earnings Releases

Stran & Company, Inc. reported financial results for the fiscal quarter ended March 31, 2024.

“On May 2, 2024, Stran & Company, Inc. (the “Company”) issued a press release announcing that the Company will hold a conference call at 10:00 A.M. Eastern Time on Wednesday, May 15, 2024, to discuss its financial results for the fiscal quarter ended March 31, 2024”

Sheila Johnshoy resigned as Chief Operating Officer at Stran & Company, Inc..

“On April 12, 2024, Sheila Johnshoy resigned from her position as Chief Operating Officer of the Company.”
Earnings Releases

Stran & Company, Inc. reported the fourth fiscal quarter and fiscal year ended December 31, 2023 results: revenue approximately $75.9 million, net income approximately $35,000.

“the year ended December 31, 2023. Andy Shape, President and CEO of Stran, commented, “We made meaningful progress throughout 2023, resulting in record sales of approximately $75.9 million, a 28.7% increase over the prior year. Additionally, our gross profit increased 50.2% to approximately $24.9 million, with our gross margin increasing to 32.8% compared to 28.1%”
Earnings Releases

Stran & Company, Inc. reported preliminary financial results for fiscal year ended December 31, 2023.

“issued a press release announcing that the Company will hold a conference call at 10:00 A.M. Eastern Time on Thursday, March 28, 2024 to discuss its financial results for the fiscal year ended December 31 , 2023”

Randolph Birney departed as Executive Officer at Stran & Company, Inc..

“On January 2, 2024, Jason Nolley and Randolph Birney, each previously a named executive officer, will longer be an “executive officer” of the Company as such term is defined under Rule 3b-7 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).”

Jason Nolley departed as Executive Officer at Stran & Company, Inc..

“On January 2, 2024, Jason Nolley and Randolph Birney, each previously a named executive officer, will longer be an “executive officer” of the Company as such term is defined under Rule 3b-7 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).”

Stephen Paradiso resigned as Chief of Staff at Stran & Company, Inc..

“On December 1, 2023, Stephen Paradiso resigned from his position as Chief of Staff of Stran & Company, Inc.”
Shareholder Votes

Stran & Company, Inc. shareholders approved Ratify the Appointment of BF Borgers CPA PC as the Company's Independent Registered Public Accounting Firm at the 2023-11-15 meeting.

“For Against Abstain 12,084,465 4,324 87”
Shareholder Votes

Stran & Company, Inc. shareholders approved Election of six director nominees at the 2023-11-15 meeting.

“Nominee For Withheld Broker Non-Votes Andrew Stranberg 11,573,746 53,780 461,350 Andrew Shape 11,619,555 9,871 461,350 Travis McCourt 11,172,254 457,172 461,350 Alan Chippindale 11,119,984 497,553 461,350 Alejandro Tani 11,159,951 469,475 461,350 Ashley Marshall 11,174,469 454,956 461,350”
Earnings Releases

Stran & Company, Inc. reported three months ended September 30, 2023 results: revenue $19.3 million, net income $684,000.

“we generated a 42% increase in revenue to a record $19.3 million for the third quarter of 2023. At the same time, our gross profit increased by 50% to $6.4 million, with gross profit margin increasing to 33% compared to 31% for the same period last year, and we booked net earnings of approximately $684,000.”
Earnings Releases

Stran & Company, Inc. reported financial results for the quarter ended September 30, 2023.

“On October 31, 2023, Stran & Company, Inc. (the “Company”) issued a press release providing a business update and reporting its financial results for the quarter ended September 30, 2023.”
M&A Transactions

Stran & Company, Inc. completed an acquisition involving T R Miller Co., Inc. for $2,154,230.21 in cash (closed 2023-06-01).

“On June 1, 2023, the Closing was completed. Pursuant to the Purchase Agreement, the Company paid T R Miller $2,154,230.21 in cash, reflecting the purchase price of $1,000,000 as adjusted by a $1,123,071.82 working capital adjustment; no adjustment for indebtedness as of the date and time of the Closing (the "Closing Date") that was not part of the Assumed Liabilities (as defined in the Purchase Agreement); no separate amount for any Inventory (as defined in the Purchase Agreement) that was on hand and owned by Seller as of the Closing Date, as such amount was included in the working capital adjustment; and first and last month's rent under the Lease Agreement (as defined below) of $14,962.50 and $16,195.89, respectively.”
Earnings Releases

Stran & Company, Inc. reported the three months ended June 30, 2023 results: revenue $17.5 million, net income Net loss ... approximately $0.8 million.

“2 ea183414ex99-1_stranandco.htm PRESS RELEASE DATED AUGUST 14, 2023 Exhibit 99.1 Stran & Company Reports 23% Increase in Six-Months Sales Year-Over-Year and Achieves Revenue of $17.5 Million for the Second Quarter of 2023 Conference call to be held today at 10:00 AM ET Quincy, MA / August 14, 2023 / Stran & Company, Inc. (“Stran” or the “Company”) (NASDAQ: SWAG)”
M&A Transactions

Stran & Company, Inc. completed an acquisition involving T R Miller Co., Inc. for $2,154,230.21 in cash (closed 2023-06-01).

“On June 1, 2023, the Closing was completed. Pursuant to the Purchase Agreement, the Company paid T R Miller $2,154,230.21 in cash, reflecting the purchase price of $1,000,000 as adjusted by a $1,123,071.82 working capital adjustment”
Earnings Releases

Stran & Company, Inc. reported the three months ended March 31, 2023 results: revenue approximately $15.8 million, net income approximately $0.7 million.

“Financial Results Revenue increased 28.7% to approximately $15.8 million for the three months ended March 31, 2023 from approximately $12.3 million for the three months ended March 31, 2022. The increase was primarily due to higher spending from existing clients as well as business from new customers. Additionally, the Company benefited from the acquisitions of the G.A.P. Promotions assets in January 2022, the Trend Brand Solutions assets in August 2022, and the Premier NYC assets in December 2022. Gross profit increased 45.9% to approximately $4.7 million, or 29.8% of revenue, for the three months ended March 31, 2023, from approximately $3.2 million, or 26.3% of revenue, for the three months ended March 31, 2022. The increase in the dollar amount of gross profit was due to increased sales, partially offset by an increase in purchasing costs. Net loss for the three months ended March 31, 2023 was approximately $0.7 million, compared to a net loss of approximately $0.5 million for the”
Earnings Releases

Stran & Company, Inc. reported financial results for the fourth fiscal quarter and fiscal year ended December 31, 2022.

“On March 30, 2023, Stran & Company, Inc. (the “Company”) issued a press release providing a business update and reporting its financial results for the fourth fiscal quarter and fiscal year ended December 31, 2022.”
Earnings Releases

Stran & Company, Inc. reported preliminary financial results for 2022 fiscal year ended December 31, 2022.

“Stran & Company, Inc. ("Stran" or the "Company") (NASDAQ: SWAG) (NASDAQ: SWAGW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise , today announced it will host a conference call at 10:00 A.M. Eastern Time on Thursday, March 30 th , 2023 to discuss the company’s financial results for the 2022 fiscal year ended December 31, 2022, as well as the company’s corporate progress and other developments.”
Material Agreements

Stran & Company, Inc. entered into Asset Purchase Agreement with T R Miller Co., Inc. and Thomas R. Miller (effective 2023-01-25).

“On January 25, 2023, Stran & Company, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with T R Miller Co., Inc., a Massachusetts corporation (the “Seller” or “T R Miller”) and Thomas R. Miller (the “Stockholder”), pursuant to which the Company agreed to acquire substantially all of the assets of the Seller used in the Seller’s branding, marketing and promotional products and services business (the “Business”).”
Shareholder Votes

Stran & Company, Inc. shareholders approved Ratification of the Appointment of BF Borgers CPA PC as the Company’s Independent Registered Public Accounting Firm at the 2022-11-30 meeting.

“Stockholders approved the ratification of the appointment of BF Borgers CPA PC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022, based on the following votes. For Against Abstain 14,633,159 84,229 7,008 There were no broker non-votes with respect to this proposal.”
Shareholder Votes

Stran & Company, Inc. shareholders approved Election of Directors at the 2022-11-30 meeting.

“Stockholders elected each of the following nominees as a director to hold office until the 2023 Annual Meeting based on the following votes. Nominee For Withheld Broker Non-Votes Andrew Stranberg 11,012,666 47,030 3,664,700 Andrew Shape 11,045,232 14,464 3,664,700 Travis McCourt 10,960,941 98,755 3,664,700 Alan Chippindale 10,952,264 107,432 3,664,700 Alejandro Tani 10,957,030 102,666 3,664,700 Ashley Marshall 10,962,968 96,728 3,664,700”
Earnings Releases

Stran & Company, Inc. reported the three months ended September 30, 2022 results: revenue $13.6 million, net income approximately $0.7 million.

“Revenue for the three months ended September 30, 2022 was $13.6 million compared to $10.9 million for the same period in 2021.”

David Browner was appointed as Interim Chief Financial Officer at Stran & Company, Inc..

“(c) Effective as of July 29, 2022, David Browner, the Company’s Controller, was appointed as the Company’s Interim Chief Financial Officer.”

Christopher Rollins resigned as Chief Financial Officer at Stran & Company, Inc..

“(b) On July 15, 2022, Christopher Rollins notified the Company of his decision to resign from his position as the Company’s Chief Financial Officer, effective as of the close of working hours on July 29, 2022.”

Sheila Johnshoy was appointed as Chief Operating Officer at Stran & Company, Inc..

“Effective as of March 11, 2022, the Board of Directors (the “Board”) of Stran & Company, Inc. (the “Company”) appointed Sheila Johnshoy to serve as the Company’s Chief Operating Officer.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.