Muscle Maker, Inc. Announces Board and Committee Changes
February 08, 2020 at 12:25 am IST
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Muscle Maker Inc. (the “Company”) was informed on February 4, 2020, that Noel DeWinter, a member of the Company’s Board of Directors, passed away. Mr. DeWinter, an independent director, who served since February 2017, was the Chairman of the Audit Committee of the Board of Directors and the audit committee financial expert at the time of his passing. On February 6, 2020, the Board elected Stephen Spanos, 56, to serve as an independent director on the Company’s Board of Directors to immediately fill the vacancy created by the death of Mr. DeWinter. Mr. Spanos will serve as a director until the Company’s next annual meeting of stockholders and until his successor is elected and duly qualified. Mr. Spanos will serve as the Chairperson of the Audit Committee and, based on the Board’s determination of Mr. Spanos’ qualification as an audit committee financial expert, was also designated as the Audit Committee’s financial expert.
Sadot Group Inc. is engaged in the global food supply chain sector. The Company connects producers and consumers across the globe, sourcing agri-commodity products from producing geographies, such as the Americas, Africa and the Black Sea and delivering to markets in Southeast Asia, China and the Middle East/North Africa region. Its segments include the restaurant division and Sadot agri-foods. It operates within three verticals of the global food supply chain, including global agri-commodity origination and trading operations for food/feed products such as soybean meal, wheat and corn; farm operations producing grains and tree crops in Southern Africa; and food service operations with more than 45 restaurants across the United States and Kuwait. Its farmed products include Bulk Grain and Staples. Its processed products consist of confectionary, feed, and oils. Its services include shipping and carbon monitoring. The Company operates in Miami, Dubai, Singapore, Kyiv, and Zambia.