Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers
On November 25, 2022, Murray T. Holland, the former president and CEO of GWG
Holdings, Inc. (the "Company"), and a member of the Company's board of directors
(the "Board"), gave notice to the Company of his resignation as a member of the
Board and any committees thereof. A copy of Mr. Holland's letter of resignation
is attached to this Form 8-K as Exhibit 17.1. On December 1, 2022, Mr. Holland
delivered a letter to the Board (attached to this Form 8-K as Exhibit 17.2) that
notes his disagreement with the conclusions and findings of the investigations
committee of the Board, and the Company believes that Mr. Holland's resignation
from the Board is the result of such disagreement. The Company announced the
resignation of Mr. Holland via a press release dated December 1, 2022 and
attached to this Form 8-K as Exhibit 99.1. The Company provided Mr. Holland the
opportunity to review the disclosure included in this Current Report on Form 8-K
filed by the Company on December 1, 2022, and noted no disagreement with the
disclosure.
Item 9.01 Financial Statements and Exhibits
17.1 Resignation Letter of Murray T. Holland dated November 25, 2022.
17.2 Letter from Murray T. Holland dated December 1, 2022.
99.1 Press Release dated December 1, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)
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