Savvy Trades and Investments

[jtomm]

BUKS - Sounds like the CEO decided to retire (?), so they promoted the recently hired COO to CEO and then are going to eliminate the COO position. Ok, sounds good, might even save some money.

But I've never seen a previous CEO's departure worded the way it was in the 8-K, sounded like somebody got fired. It also wasn't mentioned in the press release itself. Had to read it twice:

"Effective May 9, 2023, the employment of Clark D. Stewart with the Company was terminated by Mr. Stewart for good reason. Mr. Stewart remains on the Company’s Board of Directors."

https://www.otcmarkets.com/filing/html?id=16647073&guid=AEu-kKzQh-7fJth

I'm terminating myself for good reason, I guess maybe that's to make clear to all that there's no payout due, or some other legal reason? Struck me as peculiar wording. Also, kind of unceremonious way to deal with previous CEO's departure. None of the typical, "we thank him for his service and all he did for the company, etc" It was just, we've hired a new CEO.

Kind of makes me wonder if previous guy was asked/forced to leave for some reason? Maybe trying to save some public embarrassment or something?