BBIG - Vinco Ventures bounces off its low after CEO announcement while traders eye court case

2023-04-20 10:39:27 ET

Vinco Ventures ( NASDAQ: BBIG ) rose 7.00% on high volume in Thursday morning trading after the company announced that the board of directors has approved a new executive management team.

BBIG named James Robertson as Chief Executive Officer and Chris Polimeni as both Chief Financial Officer and Chief Operating Officer. Robertson joins Vinco Ventures from a360media where he held the position of Editor-In-Chief of Us Weekly. Polimeni previously served as Executive Vice President - CFO/COO of Accelerate360 Holdings, LLC & Subsidiaries, the parent company of a360 Media, LLC. The announcement follows a letter to shareholders from Vinco Ventures ( BBIG ) Chairman of the Board Rod Vanderbilt that outlined a multi-faceted strategic plan for driving growth and shareholder value.

Robertson and Polimeni are said to be already working to set the stage for Vinco's next phase of our growth and overall strategy to provide digital content and advertising across the Vinco ecosystem.

Separately, a court hearing is set for April 21 in a case filed a against former BBIG co-CEOs Theodore Farnsworth and Lisa King. That case has generated interest on social media channels.

Vinco Ventures ( BBIG ) filed its 10-Q covering the quarter ending on September 30, 2022 on April 7.

Shares of BBIG still trade just a few pennies off their all-time low.

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