Tinley's Settles Claims Made by Former CEO, Jeffrey Maser
Tinley's Settles Claims Made by Former CEO, Jeffrey Maser
Toronto, Ontario and Los Angeles, California--(Newsfile Corp. - October 27, 2023) - The Tinley Beverage Company Inc. (CSE: TNY) (OTCQB: TNYBF) ("Tinley's" or the "Company") announces that it has settled legal action threatened by the Company's former CEO, Jeffrey Maser.
多伦多,安大略省和洛杉矶,加利福尼亚州-(新闻文件公司-2023年10月27日)-廷利饮料公司。(CSE:TNY)(OTCQB:TNYBF)(“Tinley‘s“或”公司”)宣布,它已经解决了该公司前首席执行官杰弗里·马泽威胁的法律诉讼。
On October 2, 2023, Mr. Maser informed Tinley's that he filed Notice of Action against Tinley's and certain members of the board personally with the Ontario Superior Court of Justice. The Notice of Action contained several allegations, all of which the Company believes to be frivolous, vexatious and entirely without merit. Mr. Maser's Notice of Action included an allegation that Mr. Maser was wrongfully dismissed as CEO of Tinley's, despite Mr. Maser voluntarily resigning from the Company.
2023年10月2日,Maser先生通知Tinley's,他亲自向安大略省高等法院提交了针对Tinley's和董事会某些成员的诉讼通知。 行动通知书载有多项指控,本公司认为所有指控均属琐屑无聊、无理取闹及毫无理据。 Maser先生的行动通知包括一项指控,即Maser先生被错误地解雇为Tinley's的首席执行官,尽管Maser先生自愿从公司辞职。
As part of Mr. Maser's employment terms as CEO of the Company, 3 million common shares of Tinley's (the "Performance Shares") were to vest with Mr. Maser if the Company achieved certain performance milestones by October 29, 2022. The performance milestones were not achieved, and as a result, the Performance Shares were to be cancelled and returned to the Company's treasury. The Company made several requests and demands for the Performance Shares to be returned, but Mr. Maser refused.
作为Maser先生作为公司首席执行官的雇用条款的一部分,Tinley的300万股普通股(“业绩股”)将归属于Maser先生,如果公司在2022年10月29日之前实现某些业绩里程碑。 业绩里程碑没有实现,因此,业绩股将被注销并退还给公司的金库。 该公司多次要求归还业绩股,但Maser先生拒绝了。
While the board and management of the Company are unanimously of the view that the claims in Mr. Maser's Notice of Action are without merit, they have also concluded that the Company's limited financial and human resources are now best directed to the furthering of Tinley's business as opposed to dealing with meritless claims. In exchange for receiving a full and final release from Mr. Maser releasing Tinley's, its officers, directors, employees, and agents of any and all claims by Mr. Maser, Tinley's has agreed to Mr. Maser retaining 1.5 million of the Performance Shares and returning the remaining 1.5 million Performance Shares to the Company. Mr. Maser has returned 1.5 million shares to the Company, which have now been cancelled from the Company's treasury.
虽然公司董事会和管理层一致认为,Maser先生的行动通知中的索赔没有价值,但他们也得出结论,公司有限的财务和人力资源现在最好用于促进Tinley的业务,而不是处理毫无价值的索赔。 作为对Maser先生释放Tinley's及其高级职员、董事、雇员和代理人的全部和最终释放的交换,Tinley's同意Maser先生保留150万股业绩股,并将剩余的150万股业绩股返还给公司。 Maser先生已将150万股股票退还给公司,这些股票现已从公司的金库中注销。
Forward-Looking Statements
前瞻性陈述
This news release contains forward-looking statements and information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements are statements and information that are not historical facts but instead include financial projections and estimates, statements regarding plans, goals, objectives and intentions, statements regarding the Company's expectations with respect to its future business and operations, management's expectations regarding growth and phrases containing words such as "ongoing", "estimates", "expects", "anticipates", or the negative thereof or any other variations thereon or comparable terminology referring to future events or results, or that events or conditions "will", "may", "could", or "should" occur or be achieved, or comparable terminology referring to future events or results. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, the timing of BLH's receipt of certain licenses and approvals necessary to operate at the BLH Facility, the timing of the BLH Facility becoming fully operational, potential delays or unanticipated problems related to the relocation of Tinley's bottling assets to the BLH Facility, risks associated with Tinley's existing bottling customers continuing production at the BLH Facility and Tinley's existing can customers agreeing to move their production to the BLH Facility, Tinley's being sufficiently capitalized to meet its financial obligations related to the move to BLH Facility, potential delays in obtaining, or failures to obtain, necessary governmental approvals required to operate the BLH Facility, risks underlying management's expectations relating to the proposed benefits of relocating to the BLH Facility, political risks, uncertainties relating to the availability, and costs, of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in input costs, changes in consumer tastes and preferences, and the ability of BLH and the Company to achieve certain expected synergies as a result of the entering into of their management services agreement Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law. Products, formulations, and timelines outlined herein are subject to change at any time.
本新闻稿包含前瞻性陈述和信息(统称为,前瞻性陈述“)符合适用的加拿大证券法的含义。前瞻性陈述是指不是历史事实的陈述和信息,包括财务预测和估计,有关计划、目标、目的和意图的陈述,有关公司对未来业务和运营的期望的陈述,管理层对增长的期望,以及包含诸如“持续”、“估计”、“预期”、“预期”或其负面或其任何其他变体的措辞或提及未来事件或结果的任何其他变体或类似术语,或事件或条件“将”、“可能”、“可能”或“应该”发生或实现的陈述。或涉及未来事件或结果的类似术语。可能导致实际结果与任何前瞻性陈述大不相同的因素包括,但不限于,BLH获得在BLH设施运营所需的某些许可证和批准的时间,BLH设施全面投入运营的时间,与Tinley的瓶装资产迁移到BLH设施有关的潜在延迟或意想不到的问题,与Tinley现有的装瓶客户继续在BLH设施生产以及Tinley的现有罐装客户同意将其生产转移到BLH设施相关的风险,Tinley的资本充足,以履行与转移到BLH设施相关的财务义务,前瞻性表述中包含的风险和不确定性因素包括:未能获得运营BLH融资机制所需的必要政府批准或未能获得运营BLH融资机制所需的必要政府批准;潜在的管理层对搬迁到BLH融资机制的拟议好处的预期;政治风险;与未来所需融资的可获得性和成本相关的不确定性;股票市场的变化;通货膨胀;汇率变化;投入成本的波动;消费者口味和偏好的变化;以及BLH和本公司由于签订管理服务协议而实现某些预期协同效应的能力;前瞻性表述受重大风险和不确定性的影响;以及其他可能导致实际结果与预期结果大相径庭的因素。读者不应过分依赖前瞻性陈述。这些前瞻性陈述是自本新闻稿发布之日起作出的,公司不承担任何责任对其进行更新或修改,以反映法律规定以外的新事件或新情况。此处列出的产品、配方和时间表随时可能发生变化。
For further information, please contact:
如需更多信息,请联系:
The Tinley Beverage Company Inc.
Teddy Zittell
(310) 507-9146
relations@drinktinley.com (CSE: TNY) (OTCQB: TNYBF)
Twitter: @drinktinleys and @drinkbecketts
Instagram: @drinktinleys and @drinkbecketts
廷利饮料公司。
泰迪·齐特尔
(310)507-9146
邮箱:Relationship@drinktinley.com(CSE:TNY)(OTCQB:TNYBF)
推特:@drinktinleys和@drinkbecketts
Instagram:@drinktinleys和@drinkbecketts
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