GNC Holdings Inc. (fka GNCIQ)

[newflow]

CREDITORS AND EQUITY HOLDERS - 1129(A)(5) -PLAN IS EFFECTIVE SINCE 10/30
The Debtors Have Disclosed the Identity of Proposed Management,
Compensation of Insiders and Consistency of Management Proposals
with the Interests of Creditors and Public Policy in Accordance with
Section 1129(a)(5)


Section 1129(a)(5)
(i)The proponent of the plan has disclosed the identity and affiliations of any individual proposed to serve, after confirmation of the plan, as a director, officer, or voting trustee of the debtor, an affiliate of the debtor participating in a joint plan with the debtor, or a successor to the debtor under the plan; and
(ii)the appointment to, or continuance in, such office of such individual, is consistent with the interests of creditors and equity security holders and with public policy; and
(B)the proponent of the plan has disclosed the identity of any insider that will be employed or retained by the reorganized debtor, and the nature of any compensation for such insider.

https://www.law.cornell.edu