Rocky Mountain Chocolate Factory Appoints Scott Ouellet as Senior Vice President of Manufacturing and Supply Chain and Reports Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)
2023年9月22日 - 9:30PM
Rocky Mountain Chocolate Factory, Inc. (Nasdaq: RMCF) (the
“Company”, “we” or “RMCF”), an international franchisor and
producer of premium chocolates and other confectionary products,
announced today that global snack industry veteran Scott Ouellet
has been appointed to the role of Senior Vice President,
Manufacturing and Supply Chain, effective September 18, 2023. Mr.
Ouellet has acted as a Senior Supply Chain Advisor to RMCF since
October 2022.
Mr. Ouellet brings over 25 years of experience in supply chain
transformation and strategic business advisory, primarily in the
confection and snack industries. Prior to his engagement with RMCF,
Mr. Ouellet served as a supply chain advisor for the leadership
team at Wyandot Snacks, and also held supply chain leadership roles
at The Hershey Company, Amplify Snack Brands, ACCO Brands and
BLACK+DECKER®, among others.
“Scott’s strong background in the confection industry, along
with his depth of experience in operations and supply chain, have
already delivered impactful results in transforming our chocolate
product and routes to market,” said Rob Sarlls, CEO of RMCF. “He
has been working with the team on executing our strategic
transformation plan to not only “Do More With Less,” but set the
stage for significant business expansion that will come with our
new brand, new store design, new products, and greater market
penetration; both from higher store counts and omnichannel
expansion.”
Commenting on his appointment, Mr. Ouellet stated: “I am excited
to continue supporting the manufacturing and supply chain efforts
at RMCF. I look forward to working closely with the management team
and leveraging my experience from the confection and broader
consumer packaged goods space, to continue laying the critical
groundwork for the future of the Company as we amplify and elevate
the Rocky Mountain Chocolate Factory brand.”
Inducement Grant Under Nasdaq Listing
Rule 5635(c)(4)
In connection with his appointment, the Compensation Committee
of the Board of Directors of the Company approved an inducement
award, in accordance with Nasdaq Listing Rule 5635(c)(4), to Mr.
Ouellet, granted on September 18, 2023, consisting of an aggregate
of 19,591 restricted stock units ("RSUs”). Each RSU represents a
contingent right to receive one share of the Company’s common
stock. 7,393 RSUs will vest and become payable in three equal
annual installments beginning on September 18, 2024, subject to Mr.
Ouellet’s continued service through the applicable vesting date. Up
to 12,198 RSUs will vest and become payable based on the
achievement of certain performance goals, with the specific number
of RSUs to be determined following the end of a three-year
performance period, subject to Mr. Ouellet’s continued service
through the applicable vesting date. The RSUs were granted as an
inducement material to Mr. Ouellet’s acceptance of employment as
Senior Vice President, Manufacturing and Supply Chain, and were
granted outside of the Company’s 2007 Equity Incentive Plan (as
amended and restated).
About Rocky Mountain Chocolate Factory,
Inc.
Rocky Mountain Chocolate Factory, Inc. is an
international franchiser of premium chocolate and confection
stores, and a producer of an extensive line of premium chocolates
and other confectionery products. RMCF was named one of America’s
Best on Newsweek's list of "America's Best Retailers 2023" in the
chocolate and candy stores category. The Company is headquartered
in Durango, Colorado. Its subsidiaries, franchisees and licensees
currently operate over 260 Rocky Mountain Chocolate Factory stores
across the United States, with several international locations. The
Company's common stock is listed on the Nasdaq Global Market under
the symbol "RMCF."
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of federal securities laws, including
the Private Securities Litigation Reform Act of 1995, as amended.
These statements may be identified by the words “may,” “will,”
“could,” “would,” “should,” “expect,” “intend,” “plan,”
“anticipate,” “believe,” “estimate,” “predict,” “project,”
“potential,” “continue,” “ongoing,” or the negative of these terms
or other comparable terminology, although not all forward-looking
statements contain these words. Forward-looking statements include,
without limitation, statements regarding the expected benefits of
Mr. Ouellet’s employment, as well as regarding the Company’s
expectations about its future prospects. These statements involve
risks, uncertainties, and other factors that may cause actual
results, performance, or achievements to be materially different
from the information expressed or implied by these forward-looking
statements. These risks, uncertainties, and other factors include,
but are not limited to, the risks described in the filings made by
the Company with the Securities and Exchange Commission (“SEC”),
including, but not limited to, the Company’s periodic reports filed
with or furnished to the SEC and available at www.sec.gov. The
forward-looking statements in this press release represent the
Company’s views only as of the date hereof. The Company undertakes
no obligation to update any forward-looking statements for any
reason, except as required by applicable law.
Investor Contact
Sean Mansouri, CFAElevate
IR720-330-2829RMCF@elevate-ir.com
Rocky Mountain Chocolate... (NASDAQ:RMCF)
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Rocky Mountain Chocolate... (NASDAQ:RMCF)
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から 6 2023 まで 6 2024