Bullboard - Stock Discussion Forum Supremex Inc T.SXP

Alternate Symbol(s): SUMXF

Supremex Inc. is a Canada-based company, which manufactures and markets envelopes and provides paper-based packaging solutions designed to the specifications of national and multinational corporations, direct mailers, resellers, government entities, small-medium enterprises (SMEs) and solutions providers. The Company operates in two reporting segments: the manufacturing and sale of envelopes... see more

Add To Watchlist

TSX:SXP - Post Discussion

Supremex Inc > With Cause?

View:

Post by DanielDarden123 on Feb 27, 2023 2:08pm

With Cause?

SXP has responded to an email query regarding whether the former CFO is entitled to her severance as described in the 2021 Management Circular. It’s answer indicates “that she definitely is not”.

That would suggest that she was dismissed with cause which would void her entitlement as described. It would appear that she violated some term/s of her employment with SXP. Please do not misinterpret this, as further details were not provided.

250

Comment

Comment by TradeTracer on Feb 27, 2023 2:44pm

Thank you for the update, the only other info I could find was Market Watch stating she had resigned It's also good to see Steven Perreault stepping in. A good history in finance and time at Supremex is a good fit for the interim.

Comment

Comment by HermannHaller on Feb 27, 2023 2:46pm

Was she taking home envelopes for personal use? Haha The auditors signed off on the financial statements, so there can't be any material improprieties here.

Comment