Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On November 13, 2019, Graham A. Purdy was appointed as the Chief Operating
Officer of the Company. In his new role as Chief Operating Officer, Mr. Purdy
will oversee the day-to-day operations of the business. Mr. Purdy, age 47, has
been serving the Company in various leadership positions since 2004. Mr. Purdy
has served as President of the Company's Nu-X Ventures new product development
division since January 2019, having previously been appointed President of the
Company's New Ventures Division in December 2017. As President of the New
Ventures Division, Mr. Purdy led the VaporBeast and Vapor Shark organizations,
as well as sought additional expansion opportunities for the Company. Before
his appointment as President of the New Ventures Division, Mr. Purdy served the
Company as Senior Vice President of Sales since April 2015 and Vice President of
Sales since December 2005, where he was responsible for leading, motivating and
setting strategy for the sales organization. Before joining the Company, Mr.
Purdy spent 7 years at Philip Morris, USA, where he served in various sales and
sales management positions.
There are no arrangements or understandings between Mr. Purdy and any other
persons pursuant to which he was selected as Chief Operating Officer. There are
also no family relationships between Mr. Purdy and any director or executive
officer of the Company. Mr. Purdy has no direct or indirect material interest in
any transaction required to be disclosed pursuant to Item 404(a) of Regulation
S-K.
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