Sacks Parente Golf CEO Announces Resignation to Prioritize Family Health
December 29 2023 - 4:30PM
Sacks Parente Golf, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a
technology-forward golf company with a growing portfolio of golf
products, including putters, golf shafts, golf grips, and other
golf-related accessories, announces it has accepted the resignation
of its Chief Executive Officer, Tim Triplett, effective
immediately. Greg Campbell, Chairman of SPG’s Board of Directors,
will assume responsibilities as Executive Chairman to facilitate a
smooth transition while the Company commences a search for a new
CEO.
Triplett’s decision to step down is driven by a
deep commitment to his family as he redirects his focus to provide
crucial support during a challenging time. To respect the privacy
of his family, specific details will not be disclosed.
In a brief statement, Triplett said, “Family is
my top priority, and in light of a significant health challenge
faced by a close family member, I must step back to offer the care
and attention they need. This decision is a personal one, and,
while difficult, it is made with an unwavering dedication to those
I hold dear.”
This decision is independent of SPG’s current
performance or market conditions. Triplett stated, “I want to
assure our stakeholders, employees, and partners that SPG is well
positioned for continued success. The talented team and leadership
in place will ensure the Company remains on its current trajectory
of growth.”
The Board of Directors at SPG acknowledges and
supports Triplett’s decision.
“Our thoughts are with Tim and his family during
this very difficult personal time. We respect his commitment to his
family and extend our best wishes them. We also appreciate the
contributions Tim made during his tenure,” said Campbell. “Our
focus at Sacks Parente remains on growing the Company.”
About Sacks Parente Golf
Sacks Parente Golf, Inc. is a technology-forward
golf company, with a growing portfolio of golf products, including
putters, golf shafts, golf grips, and other golf-related
accessories. The Company’s innovative accomplishments include: the
First Vernier Acuity putter, patented Ultra-Low Balance Point
(U.L.B.P.) putter technology, weight-forward Center-of-Gravity (CG)
design, and pioneering ultra-light carbon fiber putter shafts. In
consideration of its growth opportunities in shaft technologies, in
April of 2022, the Company expanded its manufacturing business to
include advanced premium golf shafts by opening a new shaft
manufacturing facility in St. Joseph, MO. It is the Company’s
intent to manufacture and assemble substantially all products in
the United States, while also expanding into golf apparel and other
golf-related product lines to enhance its growth. The Company’s
future expansions may include broadening its offerings through
mergers, acquisitions or internal developments of product lines
that are complementary to its premium brand. The Company currently
sells its products through resellers, the Company’s websites, and
distributors in the United States, Japan, and South Korea. For more
information, please visit the Company’s website at
https://sacksparente.com/.
Media Contact:Beth GastBG Public
Relationsbeth.gast@bgpublicrelations.com
Investor Contact:CORE
IR516-222-2560investors@sacksparente.com
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