EXCLUSIVE: ZASH Global Media Co-Founder Explains Miscommunication Involving Vinco Ventures Management Transition
EXCLUSIVE: ZASH Global Media Co-Founder Explains Miscommunication Involving Vinco Ventures Management Transition
Vinco Ventures Inc (NASDAQ:BBIG) is trading lower Wednesday following a management transition involving the company's CEO and CFO.
Vinco Ventures Inc.纳斯达克股票代码：BBIG)周三股价下跌，此前该公司首席执行官和首席财务官进行了管理层交接。
The company announced that Christopher Ferguson, former CEO of Vinco Ventures, agreed to a three-year deal to serve as a senior strategic advisor with Vinco Ventures' parent company ZASH Global Media. Lisa King was voted in as the new CEO of Vinco Ventures.
该公司宣布，克里斯托弗·弗格森，前Vinco Ventures首席执行官同意了一份为期三年的合同，担任Vinco Ventures母公司Zash Global Media的高级战略顾问。丽莎·金被选为Vinco Ventures的新任首席执行官。
Brett Vroman, former CFO of Vinco Ventures, was appointed CFO of Cryptyde, a wholly-owned subsidiary of Vinco Ventures.
布雷特·弗罗曼，前Vinco Ventures首席财务官被任命为加密型，Vinco Ventures的全资子公司。
The management transition involving the top executives of Vinco Ventures "has been planned for months and months and months," ZASH Global Media co-founder and chairman Ted Farnsworth said Wednesday on Benzinga's YouTube show "Power Hour."
Zash Global Media联合创始人兼董事长扎什全球传媒(Zash Global Media)联合创始人兼董事长扎什全球传媒(Zash Global Media)表示，Vinco Ventures的高层管理人员参与的管理层交接“已经计划了好几个月泰德·范斯沃斯周三在Benzinga的YouTube节目“Power Hour”上说。
All of the company's management remains intact, Farnsworth said.
Farnsworth说，公司的所有管理层仍然完好无损。
See the full interview here:
点击此处查看完整的采访内容：
Ferguson is transitioning to ZASH Global Media "to help us to grow the business on that side" and King will be focused on internal operations and execution as the new CEO, Farnsworth said. Ferguson and King have been working together throughout the transition period, he added.
范斯沃斯说，弗格森正在过渡到扎什全球传媒公司(Zash Global Media)，“以帮助我们在那一边发展业务”，金将作为新任首席执行官专注于内部运营和执行。弗格森和金在整个过渡期都在一起工作，他补充道。
The confusion was a result of the filing of multiple 8-K forms on Tuesday night without a press release, Farnsworth said, and the stock fell more than 20% in the after-hours session. Vinco Ventures issued a press release clarifying the transition on Wednesday morning.
Farnsworth说，这种混乱是因为周二晚上在没有新闻稿的情况下提交了多份8-K表格，该股在盘后交易中下跌了20%以上。Vinco Ventures在周三上午发布了一份新闻稿，澄清了这一过渡。
"That's what shorts love to do. Somebody reports the 8-K and they'll start running with their own stories until we get our press release out and start to clarify the story," Farnsworth said.
范斯沃斯说：“这就是卖空者喜欢做的事情。有人报道了8-K，他们就会开始用自己的故事奔跑，直到我们发布新闻稿，开始澄清故事。”
In hindsight, "that was our bad ... it really should have gone out with the press release," he said.
事后看来，“那是我们的错……它真的应该随新闻稿一起发布，”他说。
The company's intention with the transition was to position its management team in a way that would be most beneficial for the companies and the shareholders, Farnsworth explained.
Farnsworth解释说，公司过渡的意图是以一种对公司和股东最有利的方式来定位其管理团队。
"Our natural thing was to put him in the new subsidiary that we're spinning out to give it the best chance at success that it could have."
“我们自然而然地把他放在我们正在剥离的新子公司里，让它有最好的成功机会。”
Farnsworth told Benzinga that "we all were a little shocked" by the stock's reaction to the 8-K filing.
范斯沃斯告诉Benzinga，该股对8-K申请的反应“让我们都有点震惊”。
Lesson learned: "You never put out an 8-K without a press release attached to it."
学到的教训是：“你永远不能在没有新闻稿的情况下推出一架8-K。”
BBIG Price Action: Vinco Ventures has traded as high as $12.49 and as low as $1.11 over a 52-week period.
BBIG价格行动：Vinco Ventures在52周内的交易价格最高为12.49美元，最低为1.11美元。
The stock was down 18% at $6.34 at the time of publication.
截至发稿时，该股下跌18%，至6.34美元。