Avid Bioservices Inc (CDMO)

[cheynew]

This part of the 8K seemed to be an unusual addition.


Mr. Hedberg is not a party to any arrangement or understanding regarding his selection as an officer. Mr. Hedberg has no family relationships with any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company. Mr. Hedberg is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Mr. Hedberg has not entered into any material plan, contract, arrangement or amendment in connection with his appointment as Principal Financial Officer and Principal Accounting Officer.



No mention of any professional credentials. I had hoped they would hire a highly qualified and experienced person. His title seems odd as well. “Principal Financial Officer” that’s a new one on me. Maybe they are still looking for a CFO.