vapor corp (VPCO) Key Developments
Vapor Corp. Announces Executive Changes
Apr 23 15
Vapor Corp. announced that on April 17, 2015, Robert Swayman resigned as a director of the company as a result of his ceasing to be independent. On April 18, 2015, the company appointed Mr. Daniel MacLachlan as a director replacing Mr. Swayman. Mr. MacLachlan served as the Chief Financial Officer of The Best One Inc., from October 2014 through early February 2015, facilitating its merger with Tiger Media Inc.
Vapor Corp. Announces the Resignation of Harlan Press as Vice-President of Finance, Effective on April 10, 2015
Apr 2 15
On March 27, 2015, Vapor Corp. announced that Harlan Press notified the company of his intention to resign from the company, effective April 10, 2015. Mr. Press previously served as Chief Financial Officer of the Company. In connection with the company’s previously disclosed merger with Vaporin Inc. in March 2015, Mr. Press was appointed Vice-President of Finance of the company.
Vapor Corp. Announces Expansion of Retail Store Operations
Apr 2 15
Vapor Corp. announced its recent organizational restructuring to further maintain the company's competitiveness and establish its branded products and retail stores in an increasingly evolving e-cigarette and vaporizer market. The company also opened three new "The Vape Store" locations in Orlando and one in Port Charlotte. Looking ahead, the company is poised to open an additional 20 to 30 branded retail "The Vape Stores" before the end of fiscal 2015.
Frank E. Jaumot Announces the Intention to Not Seek Re-Election as a Director of the Vapor Corp
Mar 24 15
On March 18, 2015, Vapor Corp. announced that Frank E. Jaumot notified Vapor Corp. of his intention to not seek re-election as a director of the company due to personal considerations and professional obligations. Mr. Jaumot’s term as director will expire at the annual meeting of the company’s stockholders, which is expected to be held in May 2015. Mr. Jaumot’s decision to not seek re-election was not due to any disagreement with the company relating to the company’s operations, policies or practices.
Vapor Corp. Opens Additional Retail Locations
Mar 12 15
Vapor Corp. announced that it has expanded its retail footprint by opening three additional locations of 'The Vape Store' chain in Orlando, Fla., and acquired an existing store in Port Charlotte, Fla., that has been converted to a 'The Vape Store'. The addition of these four new stores follows the Company's expansion strategy through "The Vape Store" retail chain, which was acquired through the recent merger with Vaporin Inc. The Company's retail strategy capitalizes on the growing market trend of customers who are purchasing vaporizer products.