Item 2.02 Results of Operations and Financial Condition.
On November 14, 2022, the Company announced via press release its results for the third fiscal quarter ended September 30, 2022 and the reorganization of executive officers. A copy of the Company’s press release is hereby furnished and incorporated herein by reference as Exhibit 99.1.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On November 14, 2022, the Company announced a reorganization of some of its executive management team as described below. There are no family relationships between the officers listed below and any of the Company’s officers or directors that are required to be disclosed pursuant to Item 401(d) of Regulation S-K. None of the officers listed below has a direct or indirect material interest in any transaction required be disclosed pursuant to Item 404(a) of Regulation S-K.
Brad Hoch
Effective December 1, 2022, Brad Hoch, who is currently the Chief Financial Officer (“CFO”) of the Company, will become the Company’s first Chief Accounting Officer (“CAO”). Mr. Hoch’s compensation terms and employment agreement were previously disclosed in Amendment No.2 of the Company’s registration statement on Form 10 filed by the Company with the Securities and Exchange Commission on June 29, 2022 (the “Form 10”). While Mr. Hoch’s employment agreement expired in June 2022, the Company has continued to compensate Mr. Hoch in accordance with the terms of the employment agreement.
Mr. Hoch, 53, served as the CFO since October 2020 and served as the interim CFO from June 2020 to October 2020. Mr. Hoch served as the Division Controller of Verra Mobility, a technology company focused on fleet management, from October 2011 to February 2019. Mr. Hoch has over 20 years of experience in senior finance and accounting positions in several high growth technology and business solutions enterprises including having served as Director of Finance at TPI Composites Inc. from September 2009 to October 2011 and having held numerous positions at Gateway Inc. from January 1996 to September 2009.
Dana Arvidson
Effective December 1, 2022, Dana Arvidson, who is currently the Chief Operating Officer (“COO”) of the Company, will become the CFO. Mr. Arvidson’s compensation terms and employment agreement were previously disclosed in the Form 10.
Mr. Arvidson, 48, served as the COO of the Company since July 2021. Prior to serving as COO of the Company, Mr. Arvidson served as Vice President of Corporate Development at PhyNet Dermatology LLC, a physician network of dermatologists and dermatopathologists, from March 2019 to July 2021. Prior to PhyNet, Mr. Arvidson served as Director of Corporate Development at American Dental Partners Inc., a dental practice management company, from March 2017 to March 2019. Mr. Arvidson has over 20 years of experience in a broad array of roles focused on achieving growth objectives and enhancing operating results within Healthcare and Financial Services.
Chris Kelly
Effective December 1, 2022, Chris Kelly, who is currently the Senior Vice President of Revenue Growth, will become the first Chief Revenue Officer (“CRO”) of the Company.
Chris Kelly, 56, served as Senior Vice President (“SVP”) of Revenue Growth of the Company since June 2022. Prior to serving as the SVP of Revenue Growth, Mr. Kelly served as the Executive Director of Wholesale at Trulieve Cannabis Corp., a cannabis company (“Trulieve”), from September 2019 to May 2022. Prior to Trulieve, Mr. Kelly served as the Senior Director of Sales at the Kellogg Company from January 2016 to August 2019. Mr. Kelly has over 25 years of experience in leadership roles focused on sales and revenue growth.
