Capstone Companies, Inc. has announced the voluntary resignations of Jeffrey Postal and George Wolf from their positions as directors. Postal also stepped down from the Audit Committee and Nomination and Compensation Committee. Their resignations, effective December 6, 2024, were not due to disagreements with the company and were intended to create vacancies for future appointments. Coppermine Ventures, LLC, which has the right to nominate two directors as per an agreement, has had one nominee appointed to the board.
The company currently lacks revenue-generating operations and is seeking new directors to assist with developing or acquiring a new business line. However, there are no pending nominations or guarantees that new directors will be successful in these endeavors. The challenges of being a public shell and penny stock company make recruitment difficult.
Additionally, Alexander Jacobs has been appointed as Chief Executive Officer and a director of Capstone Companies, Inc. as per a press release dated December 10, 2024. This appointment was previously disclosed.
Names mentioned: - Capstone Companies, Inc. - Jeffrey Postal - George Wolf - Coppermine Ventures, LLC (CVen) - Alexander Jacobs - Stewart Wallach (Capstone Companies, Inc. Chief Executive Officer)