Fresh Vine Wine Management

Management criteria checks 2/4

Fresh Vine Wine's CEO is Mike Pruitt, appointed in Jul 2023, has a tenure of 1.33 years. directly owns 0.19% of the company’s shares, worth $17.43K. The average tenure of the management team and the board of directors is 1.5 years and 2.9 years respectively.

Key information

Mike Pruitt

Chief executive officer

US$28.8k

Total compensation

CEO salary percentage	n/a
CEO tenure	1.3yrs
CEO ownership	0.2%
Management average tenure	1.5yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO

Mike Pruitt (63 yo)

1.3yrs

Tenure

US$28,780

Compensation

Mr. Michael D. Pruitt, also known as Mike, serves as Interim CEO at Fresh Vine Wine, Inc. since July 19, 2023. He serves as Independent Director at Fresh Vine Wine, Inc. since December 13, 2021 and serves...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Pruitt	Interim CEO & Chairman	1.3yrs	US$28.78k	0.19% $ 17.4k
Rick Nechio	President & Head of Sales	3.3yrs	US$150.00k	9.85% $ 914.2k
Keith Johnson	Interim CFO & Secretary	1.5yrs	no data	no data

1.5yrs

Average Tenure

63yo

Average Age

Experienced Management: VINE's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Pruitt	Interim CEO & Chairman	2.9yrs	US$28.78k	0.19% $ 17.4k
David Yacullo	Independent Director	2.9yrs	US$28.78k	0.19% $ 17.4k
Eric Doan	Independent Director	2.9yrs	US$28.78k	0.19% $ 17.4k
Brad Yacullo	Independent Director	2.9yrs	US$28.78k	0.19% $ 17.4k

2.9yrs

Average Tenure

58.5yo

Average Age

Experienced Board: VINE's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Fresh Vine Wine Management

Management criteria checks 2/4

Key information

Recent management updates

Fresh Vine Wine, Inc., Annual General Meeting, Dec 13, 2023

High number of new and inexperienced directors

Fresh Vine Wine, Inc. Appoints Keith J. Johnson as Interim Chief Financial Officer

Press Release: Fresh Vine Wine, Inc. Appoints Hitesh Dheri Chief Financial Officer

Fresh Vine Wine, Inc. Announces Management Appointments

High number of new and inexperienced directors

Recent updates

Third quarter 2024 earnings released: US$0.023 loss per share (vs US$0.13 loss in 3Q 2023)

New major risk - Market cap size

New major risk - Financial position

First quarter 2024 earnings released: US$0.078 loss per share (vs US$0.15 loss in 1Q 2023)

New major risk - Market cap size

Full year 2023 earnings released: US$0.69 loss per share (vs US$1.21 loss in FY 2022)

Notes Live, Inc. entered into a non-binding letter of intent to acquire Fresh Vine Wine, Inc. (NYSEAM:VINE).

NYSE American Grants Fresh Vine Wine a Plan Period Through March 8, 2025 to Regain Compliance with Sections 1003(a)(i) and (ii) of Company Guide

NYSE American Grants Fresh Vine Wine a Plan Period Through March 8, 2025 to Regain Compliance with Sections 1003(a)(i) and (ii) of Company Guide

Third quarter 2023 earnings released: US$0.13 loss per share (vs US$0.20 loss in 3Q 2022)

Fresh Vine Wine, Inc., Annual General Meeting, Dec 13, 2023

Fresh Vine Wine Receives NYSE American Noncompliance Notice

Second quarter 2023 earnings released: US$0.27 loss per share (vs US$0.36 loss in 2Q 2022)

High number of new and inexperienced directors

Fresh Vine Wine, Inc. announced that it expects to receive $1 million in funding

Fresh Vine Wine, Inc. Receives NYSE American Notice

Fresh Vine Wine, Inc. Appoints Keith J. Johnson as Interim Chief Financial Officer

Press Release: Fresh Vine Wine, Inc. Appoints Hitesh Dheri Chief Financial Officer

Fresh Vine Wine, Inc. announced delayed 10-Q filing

Fresh Vine Wine, Inc. Announces Management Appointments

High number of new and inexperienced directors

Fresh Vine Wine, Inc. Announces Resignation of Damian Novak as Executive Chairman

Third quarter 2022 earnings released: US$0.20 loss per share (vs US$1.04 loss in 3Q 2021)

High number of new and inexperienced directors

Janelle Anderson Is Not Standing for Re-Election to the Board of Directors of Fresh Vine Wine, Inc

Fresh Vine Wine, Inc., Annual General Meeting, Nov 04, 2022

Fresh Vine Wine, Inc. Announces Executive Changes

Director notifies of intention to sell stock

Fresh Vine Wine Continues Retail Growth with Raley's Grocery Stores

Second quarter 2022 earnings released: US$0.36 loss per share (vs US$3.65 loss in 2Q 2021)

Fresh Vine Wine, Inc. Announces the Release of Its Sauvignon Blanc

Fresh Vine Wine, Inc. Announces CFO Changes

Fresh Vine Wine, Inc. Announces Available for Sale of Fresh Vine Wine Rosé Varietal

Fresh Vine Wine, Inc. Announces CEO Changes

No independent directors

Fresh Vine Wine Appoints Ellen Scipta as Chief Financial Officer

Fresh Vine Wine, Inc. Announces Termination of Timothy Michaels as Chief Operating Officer

Fresh Vine Wine Announces Release of Limited Reserve Napa Cabernet in Partnership with Hy-Vee Supermarkets

Executive Chairman recently bought US$139k worth of stock

Fresh Vine Wine, Inc. has completed an IPO in the amount of $22 million.

No independent directors

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age