Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



Resignation of Chief Executive Officer; Appointment of Interim Chief Executive
Officer
On August 1, 2022, Mr. Daniel DiPofi resigned from his position as Chief
Executive Officer of Twinlab Consolidated Holdings, Inc. (the "Company"),
effective immediately. Mr. DiPofi continues to serve as a director of the
Company. The Board of Directors of the Company unanimously accepted Mr. DiPofi'
s resignation and appointed Kyle Casey, the Company's current Chief Financial
Officer, as Interim Chief Executive Officer, effective immediately. In his
capacity as Interim Chief Executive Officer, Mr. Casey will succeed Mr. DiPofi
as the principal executive officer of the Company, while maintaining his
position as the principal financial officer.
Mr. Casey, age 39, joined the Company in April 2019 and served as the Company's
Controller prior to his appointment as interim Chief Financial Officer of the
Company, effective October 8, 2019. He was appointed Chief Financial Officer on
January 13, 2020. Before joining the Company, Mr. Casey was with Gulfstream
Park Racetrack and Casino from December 2015 through November 2018, most
recently serving as the Vice President of Finance. Prior to his employment with
Gulfstream Park Racetrack and Casino, Mr. Casey served as Chief Auditing
Officer for the Florida Department of Business and Professional Regulation from
March 2014 through December 2015. Mr. Casey holds a Bachelor of Science in
Accounting and Finance, as well as a Master of Science in Taxation, from
Florida State University. Mr. Casey is a licensed Certified Public Accountant.
There are no arrangements or understandings between Mr. Casey and any other
persons in connection with his appointment. There are no family relationships
between Mr. Casey and any director or executive officer of the Company, and Mr.
Casey is not a party to any transaction required to be disclosed pursuant to
Item 404(a) of Regulation S-K under the Securities Act of 1933, as amended.
On August 26, 2022, at a special meeting of the Board of Directors of the
Company, the Board of Directors of the Company discussed the modification of
Mr. Casey's salary in recognition of his additional duties as Interim Chief
Executive Officer. The Company has not entered into an employment agreement
with Mr. Casey in his capacity as Interim Chief Executive Officer and Chief
Financial Officer, but the Board of Directors of the Company unanimously
approved that his compensation be modified so that, effective August 1, 2022,
he will receive an annual base salary of $345,000, until such time as a
permanent Chief Executive Officer is elected, at which time Mr. Casey's salary
will revert to $262,000, his prior salary as Chief Financial Officer.

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