On October 19, Shiftpixy Board Voted To Terminate Employment Of Scott Absher As CEO, Chairman, And President, Due To Initial Investigation Into Allegations Involving His Actions - Filing
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Shiftpixy has terminated Scott Absher as CEO, Chairman, and President following an investigation into allegations against him. Jonathan Feldman has been appointed as Chief Restructuring Officer to lead ongoing operations.
October 22, 2024 | 10:18 am
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Shiftpixy has terminated Scott Absher from his roles as CEO, Chairman, and President due to an investigation into allegations against him. Jonathan Feldman will take over as Chief Restructuring Officer.
The termination of a CEO due to allegations can create uncertainty and potential instability within a company, likely leading to a negative short-term impact on the stock price. The appointment of a Chief Restructuring Officer suggests a focus on stabilizing operations, but the immediate reaction is expected to be negative.
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