GWG Holdings Inc filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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| * | On May 18, 2022, Nasdaq Stock Market LLC filed a Form 25 delisting and deregistering the shares of common stock, par value $0.001 per share, of GWG Holdings, Inc. from The Nasdaq Stock Market, which became effective ten days after the filing of the Form 25. GWG Holdings, Inc.’s common stock began trading exclusively on the market on April 29, 2022 under the symbol GWGHQ. |
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| Item 5.02 | Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On November 15, 2022, David De Weese, and on November 16, 2022, David Chavenson, each a member of the board of directors (the “Board”) of GWG Holdings, Inc. (the “Company”), gave notice to the Company of their respective resignations as members of the Board and all committees thereof on which they served. Each of Mr. Chavenson and Mr. De Weese independently confirmed that their respective resignations were not due to any disagreement with the Company.
Separately, on November 16, 2022, Timothy Evans, the Company’s former Chief Financial Officer, also tendered his resignation regarding membership on the Board and all committees thereof on which he served. Mr. Evans provided a letter of resignation (attached to this Form 8-K as Exhibit 17.1) that notes his disagreement with the conclusions and findings of the investigations committee of the Board, and the Company believes that Mr. Evans’ resignation from the Board and all committees thereof on which he served was caused, at least in part, by such disagreement. The Company announced the resignations of Mr. Chavenson, Mr. De Weese, and Mr. Evans via a press release dated November 17, 2022 and attached to this Form 8-K as Exhibit 99.1. The Company provided Mr. Chavenson, Mr. De Weese, and Mr. Evans the opportunity to review the disclosure included in this Current Report on Form 8-K filed by the Company on November 22, 2022, and noted no disagreement with the disclosure.
| Item 9.01 | Financial Statements and Exhibits |
| 17.1 | Resignation Letter of Timothy Evans | |
| 99.1 | Press Release dated November 17, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GWG HOLDINGS, INC. | ||||||
| Date: November 22, 2022 | By: | /s/ Jeffrey S. Stein | ||||
| Name: | Jeffrey S. Stein | |||||
| Title: | Chief Restructuring Officer | |||||