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Meritage Announces the Passing of Board Member Duane Kluting

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Meritage Hospitality Group Inc. (OTCQX: MHGU) announced the sudden passing of Board member Duane Kluting. Kluting, who joined the company in 2005, served as a member of the Audit Committee and brought significant financial expertise from his previous roles at BDO, Herman Miller, and X-Rite.

CEO Robert Schermer acknowledged Kluting's valuable contributions to the company's growth and leadership, highlighting his dedication and trustworthy service during his tenure on the board. Kluting's financial background and commitment to the company's development made him an integral part of Meritage's governance structure.

Meritage Hospitality Group Inc. (OTCQX: MHGU) ha annunciato la scomparsa improvvisa del membro del Consiglio Duane Kluting. Kluting, che si è unito all'azienda nel 2005, ha ricoperto il ruolo di membro del Comitato di Audit, portando con sé una significativa esperienza finanziaria derivante dai suoi precedenti incarichi presso BDO, Herman Miller e X-Rite.

Il CEO Robert Schermer ha riconosciuto i preziosi contributi di Kluting alla crescita e alla leadership dell'azienda, sottolineando la sua dedizione e il servizio affidabile durante il suo mandato nel consiglio. Il background finanziario di Kluting e il suo impegno per lo sviluppo dell'azienda lo hanno reso una parte fondamentale della struttura di governance di Meritage.

Meritage Hospitality Group Inc. (OTCQX: MHGU) anunció el fallecimiento repentino del miembro de la Junta Duane Kluting. Kluting, quien se unió a la empresa en 2005, fue miembro del Comité de Auditoría y aportó una significativa experiencia financiera de sus roles anteriores en BDO, Herman Miller y X-Rite.

El CEO Robert Schermer reconoció las valiosas contribuciones de Kluting al crecimiento y liderazgo de la empresa, destacando su dedicación y servicio confiable durante su mandato en la junta. La trayectoria financiera de Kluting y su compromiso con el desarrollo de la empresa lo convirtieron en una parte integral de la estructura de gobernanza de Meritage.

Meritage Hospitality Group Inc. (OTCQX: MHGU)는 이사 Duane Kluting의 갑작스러운 별세를 발표했습니다. Kluting은 2005년에 회사에 합류하여 감사위원회의 일원으로 활동하며 BDO, Herman Miller 및 X-Rite에서의 이전 역할을 통해 중요한 재무 전문 지식을 가져왔습니다.

CEO Robert Schermer는 Kluting의 회사 성장과 리더십에 대한 귀중한 기여를 인정하며, 이사로 재직하는 동안 그의 헌신과 신뢰할 수 있는 서비스에 대해 강조했습니다. Kluting의 재무 배경과 회사 발전에 대한 헌신은 Meritage의 거버넌스 구조에서 그를 필수적인 존재로 만들었습니다.

Meritage Hospitality Group Inc. (OTCQX: MHGU) a annoncé le décès soudain de son membre du conseil Duane Kluting. Kluting, qui a rejoint l'entreprise en 2005, a été membre du Comité d'Audit et a apporté une expertise financière significative grâce à ses précédents rôles chez BDO, Herman Miller et X-Rite.

Le PDG Robert Schermer a reconnu les contributions précieuses de Kluting à la croissance et au leadership de l'entreprise, soulignant son dévouement et son service fiable durant son mandat au conseil. Le parcours financier de Kluting et son engagement envers le développement de l'entreprise en ont fait un élément essentiel de la structure de gouvernance de Meritage.

Meritage Hospitality Group Inc. (OTCQX: MHGU) gab den plötzlichen Tod des Vorstandsmitglieds Duane Kluting bekannt. Kluting, der 2005 zum Unternehmen kam, war Mitglied des Prüfungsausschusses und brachte bedeutende finanzielle Expertise aus seinen vorherigen Positionen bei BDO, Herman Miller und X-Rite mit.

CEO Robert Schermer würdigte Klutings wertvolle Beiträge zum Wachstum und zur Führung des Unternehmens und hob sein Engagement sowie seinen vertrauenswürdigen Service während seiner Amtszeit im Vorstand hervor. Klutings finanzielle Hintergründe und sein Engagement für die Entwicklung des Unternehmens machten ihn zu einem integralen Bestandteil der Governance-Struktur von Meritage.

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GRAND RAPIDS, Mich., March 10, 2025 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier franchise restaurant operators, today announced the sudden passing of Duane Kluting, a valued member of the Company’s Board of Directors.

“It is with great sadness that I announce the passing of our friend and Board member, Duane Kluting. We are deeply grateful to Duane for his friendship, leadership and commitment to growing our business. Duane joined us in 2005 and has been a trustworthy contributor through the years. He was a valued member of our Audit Committee where he diligently served the company, bringing years of financial expertise from his career at BDO, Herman Miller and X-Rite. He contributed immeasurable value to our company’s board and will be greatly missed,” said Mr. Robert Schermer, CEO.

“He was a devoted family man and spoke with pride of his son, daughter and grandchildren often. Our sincere condolences go out to his family at this time,” Mr. Schermer continued.

Meritage Hospitality Group, Inc.

https://obits.mlive.com/us/obituaries/grandrapids/name/duane-kluting-obituary?id=57807278

SAFE HARBOR STATEMENT
Certain information in this new release, particularly information regarding future economic performance and finances, and plans, expectations and objectives of management, constitutes forward-looking statements. Factors set forth in our Safe Harbor Statement, in addition to other possible factors not listed, could affect the Company’s actual results and cause such results to differ materially from those expressed in forward-looking statements. Please review the Company’s Safe Harbor Statement at http://www.meritagehospitality.com.

CONTACT:
Robert E. Schermer, Jr., CEO
Meritage Hospitality Group Inc.
(616) 776-2600

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d2815544-1895-4ed6-a6c1-d9c5f1ca30b8


FAQ

When did Duane Kluting join Meritage Hospitality Group's (MHGU) board of directors?

Duane Kluting joined Meritage Hospitality Group's board of directors in 2005.

What was Duane Kluting's role at Meritage Hospitality Group (MHGU)?

Kluting served as a board member and was part of the Audit Committee, bringing financial expertise from his experience at BDO, Herman Miller, and X-Rite.

How long did Duane Kluting serve on MHGU's board?

Kluting served on Meritage Hospitality Group's board from 2005 until his passing in March 2025, approximately 20 years.

What positions did Duane Kluting hold before joining MHGU's board?

Prior to joining Meritage's board, Kluting held positions at BDO, Herman Miller, and X-Rite.
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