Skip to main content

Sacks Parente Golf CEO Announces Resignation to Prioritize Family Health

Written by Customer Service on . Posted in Public Companies.

CAMARILLO, CA, Dec. 29, 2023 (GLOBE NEWSWIRE) — 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 Gast
BG Public Relations
beth.gast@bgpublicrelations.com

Investor Contact:
CORE IR
516-222-2560
investors@sacksparente.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.