The Board of Directors at Generation Next Franchise Brands accepted the resignation of the outgoing Chairman, Nick Yates. In September, the company announced Yates had stepped down as CEO to focus on sales, marketing, and business development. He continues in this important leadership role following his resignation from the Board. As part of his Board resignation, Yates voluntarily rescinded 9.5 million options awarded to him in 2017 and 2018 including 2.5 million vested warrants with a $0.16 exercise price.