Ailing Redbox Owner Chicken Soup For The Soul Entertainment Removes Entire Board Of Directors Except For Chairman And CEO Bill Rouhana
deadline.comChicken Soup for the Soul Entertainment, the ailing parent of video kiosk operator Redbox and streaming services like Crackle and Popcornflix, has gotten rid of its entire board of directors.
The only remaining board member, the company said in an SEC filing late Monday, is chairman and CEO Bill Rouhana. The company’s investor relations website lists eight other board members including Rouhana’s wife, Amy Newmark.
In addition to having been on the entertainment company’s board, Newmark is Publisher, Editor in Chief and Author at Chicken Soup for the Soul Holdings.
In the filing, the company revealed the move was made on June 11, in accordance with Delaware General Corporation Law. The law allows for “any director or the entire board may be removed, with or without cause, by the holders of a majority of the shares,” according to the filing, which was signed by CFO Jason Meier.
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