NEW YORK—1847 Holdings LLC, a management consulting services provider currently trading at $0.23 per share, disclosed the departure of Tracy S. Harris from its Board of Directors. The resignation took place on Monday and was not due to any disagreement with the company's operations, policies, or practices. According to InvestingPro analysis, the company faces significant financial challenges, with its stock down nearly 100% over the past year.
As specified in a recent 8-K filing with the Securities and Exchange Commission, Ms. Harris stepped down from her role at the New York-based company this week. The filing made clear that her decision to resign was not the result of any dispute concerning the company's direction or financial matters. InvestingPro data reveals the company operates with a significant debt burden and faces challenges with cash burn rates. Subscribers can access 14 additional ProTips about the company's financial position.
1847 Holdings, listed on the NYSE American under the ticker EFSH, operates within the management consulting industry and is incorporated in Delaware. With a market capitalization of $13.5 million and trailing twelve-month revenue of $69.4 million, the company maintains its principal executive offices at 260 Madison Avenue in New York City.
The company has not yet announced a successor to Ms. Harris or provided details regarding the transition of her board responsibilities. It is standard practice for publicly traded companies to announce such changes to ensure transparency with investors and to comply with regulatory requirements.
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