LL Flooring Holdings, Inc. (OTC:LLFLQ), formerly known as Lumber Liquidators (NYSE:LL), announced today that Charles E. Tyson has resigned from his positions as President and Chief Executive Officer, as well as from his role on the company's Board of Directors, effective immediately. The company, headquartered in Richmond, Virginia, stated that Tyson's departure was not due to any disagreement on matters related to the company's operations, policies, or practices.
Concurrent with Tyson's resignation, the Board has decided to reduce its size from six to five directors. This change also took effect today. The company has not provided any additional details regarding the reason for Tyson's departure or information about a successor.
LL Flooring, which operates in the retail lumber and other building materials market, has faced challenges in recent years, including its delisting from the New York Stock Exchange on August 12, 2024. Since then, its shares have been trading over-the-counter under the ticker symbol LLFLQ.
As of the filing of this report, LL Flooring has not indicated any further organizational changes or strategic shifts following Tyson's resignation. The company's business address remains at 4901 Bakers Mill Lane, Richmond, VA 23230, and its contact number is 804-463-2000.
This report is based on a statement from an SEC filing and does not include speculative insights or predictions about the company's future. The information provided is intended to offer a clear and factual account of the events as they have been publicly disclosed.
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