Beckett's Announces Resignation of CEO and Appointment of Interim CEO

Executive Summary

• Beckett's Inc. announces the immediate resignation of Larry Weintraub from the positions of Chief Executive Officer and Director.
• Manish Z. Kshatriya, the current Chief Financial Officer, has been appointed as Interim Chief Executive Officer, while retaining his role as CFO.
• Larry Weintraub has entered into an advisory agreement to provide strategic support during the transition period.

Key Details

• Resignation: Larry Weintraub resigned as CEO and Director, effective immediately.
• New Appointment: Manish Z. Kshatriya appointed as Interim CEO; continues to serve as CFO.
• Advisory Role: Weintraub remains with the company under an advisory agreement to support the transition and ongoing business operations.
• Board Statement: Chairman Theodore Zittell thanked Weintraub for his leadership and expressed confidence in Kshatriya’s ability to lead through the transition.
• CEO Quote: Kshatriya stated he is honored to take on the expanded role and is committed to driving shareholder value.

Notable Quotes

• "On behalf of the Board, I want to thank Larry for his leadership and contributions to Beckett's... We are pleased that Larry will continue to support the Company in an advisory capacity. Manish brings extensive executive management and capital markets experience, and we are confident in his ability to lead the Company through this transition." — Theodore Zittell, Chairman
• "I am honoured to take on this expanded role and look forward to working with our talented team to continue advancing the Company's strategic objectives... I am committed to driving value for our shareholders." — Manish Z. Kshatriya, Interim CEO and CFO