Livingventures Inc Announces Board Change-Form 8-K
Livingventures Inc reported in its Form 8-K that effective July 31, 2013, Richard A. Asta has resigned his positions as Chief Executive and Chief Financial Officer of the Company. Mr. Asta remains a significant shareholder and will serve on several boards of subsidiary companies of LivingVentures, Inc. David B. Edwards will assume his role as Chief Executive Officer and Joseph Bickley will become Chief Financial Officer of the Company. Messrs. Edwards and Bickley previously held similar positions in LivingVentures Management, LLC. Executive Chairman, C. Geoffrey Hampson, will assume certain corporate responsibilities previously handled by Mr. Asta as well. Also in connection with these management changes, G. Richard Hostetter has resigned, effective July 31, 2013, as General Counsel of LivingVentures, Inc. This position will remain unfilled for the time being. Mr. Hostetter is also a significant shareholder of the Company and will serve on the same boards of subsidiary companies with Mr. Asta. Both Messrs. Asta and Hostetter have agreed to assist with these changes to assure a smooth transition.
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