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After the markets closed on Friday, 1933 Industries Inc. (CSE: TGIF)(PINK: TGIFF) announced another delay to the company’s financial filings and changes in its executive team.

1933 told investors that its contract agreement with CEO Paul Rosen had ended and that he would resign effective February 1st, 2025. Rosen will remain a member of the Board of Directors. Brian Farrell, who currently serves as the company’s CFO, will become the Interim CEO. Rosen received a total compensation package of C$444,000 in 2024, while Farrell had a total compensation of C$62,000 in 2024. Company President Ester Vigil’s total compensation in 2024 was C$376,950.

The executives are under a Management Cease Trader Order meaning that Rosen, Farrell, and Director Curtis Floyd may not trade in the company’s securities until the company files the audited filings and the Commission revokes the MCTO.

Green Market Report previously wrote that 1933 last reported its third-quarter earnings in July with slightly rising revenues and trimmed losses. However, the company was also facing a cash crunch. Its fourth quarter ended in October and the company still hasn’t released audited results. The company said on Friday that it expects the audited filings to be finalized before January 27, 2025. 1933 said it wasn’t insolvent despite the financials being delayed.

The company’s fiscal first quarter 2025 earnings will also be released after it publishes the fourth quarter results.