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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
Termination of Employment - Chief Executive Officer and Chief Financial Officer and Secretary
On July 14, 2023, Roger Cockroft’s employment with and service as Chief Executive Officer of Fresh Vine Wine, Inc. (the “Company”) ended.
On July 14, 2023, Hitesh Dheri’s employment with and service as Chief Financial Officer and Secretary the Company ended.
Resignation of Directors
On July 17, 2023, Roger Cockroft and Michelle Hawkins Whetstone each resigned as a member of the Company’s Board of Directors, effective immediately. The resignations of Mr. Cockroft and Ms. Whetstone were not due to a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Appointment of Interim Chief Executive Officer and Chief Financial
On July 19, 2023, the Company’s Board of Directors appointed Michael Pruitt, the Non-Executive Chair of the Company’s Board of Directors, to serve as Interim Chief Executive Officer, effective immediately. In this capacity, Mr. Pruitt will serve as the Company’s principal executive officer. Mr. Pruitt’s professional biography is set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the Securities and Exchange Commission on March 31, 2023.
On July 19, 2023, the Company’s Board of Directors appointed Keith J. Johnson to serve as Interim Chief Financial Officer of the Company. In this capacity, Mr. Johnson will serve as the Company’s principal financial and accounting officer. Under the terms of his engagement, the Company is paying an hourly wage of $200 to Mr. Johnson. Mr. Johnson previously served as the Company’s Interim Chief Executive Officer from May 3, 2023 until May 25, 2023. Mr. Johnson’s professional biography is set forth in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 31, 2023.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FRESH VINE WINE, INC. | ||
| Date: July 20, 2023 | By: | /s/ Michael Pruitt |
| Michael Pruitt | ||
| Interim Chief Executive Officer | ||
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