Business Context and Reporting Period
This Form 8-K was filed by 22nd Century Group, Inc. on June 10, 2019. The report discloses a corporate governance event: the promotion of Michael J. Zercher from Vice President of Business Development to Chief Operating Officer (COO).
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial statements or performance data.
Material Changes
The material change reported is the appointment of Michael J. Zercher as Chief Operating Officer, effective June 10, 2019. Mr. Zercher brings over 25 years of experience in the tobacco and consumer packaged goods industries, including prior roles at Santa Fe Natural Tobacco Company and as a founder of Santa Fe Hard Cider, LLC.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or specific risk factors. Management commentary is limited to the background of the new COO. The new compensation and employment agreement for Mr. Zercher are in the process of being finalized and will be disclosed in a subsequent Form 8-K. No family relationships or reportable transactions under Item 404(a) of Regulation S-K were identified.
Key Facts for Investor Verification
- Michael J. Zercher was promoted to Chief Operating Officer on June 10, 2019.
- Details regarding Mr. Zercher's compensation and employment agreement are pending and will be filed in a future 8-K.
- The company is listed on the NYSE American under the symbol XXII.
- No financial performance data is included in this specific filing.