Business
Rocky Mountain Chocolate Factory Elects Jeffrey Geygan Board Chair
Former Chair Elisabeth Charles to Remain on Board Through Annual MeetingDURANGO, CO / ACCESSWIRE / June 13, 2022 / Rocky Mountain Chocolate Factory, Inc.
About this update from Rocky Mountain Chocolate Factory, Inc.
[{"type":"text","content":"Former Chair Elisabeth Charles to Remain on Board Through Annual MeetingDURANGO, CO / ACCESSWIRE / June 13, 2022 / Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) (the \"Company\" or \"RMCF\"), has announced that its Board of Directors (the \"Board\") unanimously elected Jeffrey Geygan as the Board's new Chair, effective June 9, 2022. He succeeds Elisabeth Charles, who will serve on the Board until the conclusion of the Company's Annual Meeting of Stockholders to be held on August 18, 2022 (the \"Annual Meeting\"). She will retire from the Company following the Annual Meeting.Ms. Charles was elected a director in October 2021 and appointed Board Chair in January 2022. She oversaw continued positive change in the Company's corporate governance policies and the hiring of innovative food industry veteran Rob Sarlls as Chief Executive Officer in May 2022. Her decision to step down is for personal reasons and not related to any disagreement with the Company or its operations, policies, or practices.Speaking on behalf of the Board, Mr. Geygan praised Ms. Charles for helping to move the Company into a new era. \"Elisabeth helped set the course for a new era of success. Her eight months of Board service and leadership established an important path forward for our Company.\"Mr. Geygan joined the Board in August 2021, serving as Interim Board Chair from October 2021 to January 2022. Additionally, Mr. Geygan serves as Chief Executive Officer and President of Global Value Investment Corp. (\"GVIC\"), an investment research and advisory services firm he founded in 2007. GVIC is an 8.5% stockholder in the Company. He has also served as a director of the Wayside Technology Group, Inc. (NASDAQ:WSTG), since February 2018, and as the Chair of its Board of Directors since May 2018.Geygan says he is confident about the Company's prospects and its ability to grow, identify, and build long-term value. \"I am very excited by the transformation that has already begun and the process of investing in and building an improved business model and workplace culture - one that is strategic, goals oriented, and disciplined,\" said Mr. Geygan.Mr. Sarlls concurs. \"Jeff has for several decades been a positive force in working constructively and positively with boards and senior management teams to effect strategic change that drives shareholder value creati...