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GWG Holdings (OTC: GWGHQ) has filed a Chapter 11 plan of reorganization on December 1, 2022, in the Southern District of Texas. This plan aims to optimize value for the company’s creditors and equity holders. As it stands, no hearing has been scheduled for the approval of the disclosure statement associated with this plan, and no votes will be solicited until the court approves related materials. The disclosure details can be accessed online. Future updates regarding hearings will be provided accordingly, as there is nothing required from creditors at this time.
GWG Holdings, Inc. (OTC: GWGHQ) announced the resignation of former CEO Murray Holland from the board of directors and all directorships of its subsidiaries, effective November 25, 2022. Current board members Tony Horton and Jeffrey S. Stein will continue to serve in their roles, with Stein also acting as President and Chief Restructuring Officer. The company has issued a forward-looking statement, cautioning that its expectations regarding future performance may not materialize due to various risks and uncertainties.
GWG Holdings, Inc. (OTC: GWGHQ), a financial services firm in Dallas, Texas, announced significant changes within its management. Timothy Evans, the former Chief Financial Officer, along with board members David Chavenson and David De Weese, have resigned effective immediately. Independent director Tony Horton and CEO Jeffrey S. Stein remain on the board. The Company plans to share more information shortly, indicating a focus on future performance and strategies amidst these leadership transitions.
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