03/30/2026 | Press release | Distributed by Public on 03/30/2026 15:42
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 27, 2026, Greg Campbell was terminated as the Executive Chairman, Chief Executive Officer and principal executive officer of Newton Golf Company, Inc. (the "Company"). Also on March 27, 2026, Akinobu Yorihiro, age 57, was appointed the Company's Interim Chief Executive Officer and principal executive officer and Brett Hoge was appointed Chairperson of the Company's Board of Directors.
Mr. Yorihiro, one of the Company's co-founders, is a director, the Interim Chief Executive Officer and the Chief Technology Officer of the Company. Mr. Yorihiro has served as a director and the Company's Chief Technology Officer since March 2018. Mr. Yorihiro served as Chairman of the Board for Nippon Xport Ventures, Inc. from 2017 to 2023. Mr. Yorihiro served as Chief Executive Officer of Yoshimoto Entertainment USA, the U.S. subsidiary of Yoshimoto Kogyo of Japan, and the Chief Executive Officer of Bellrock Media, a digital media company backed by Dentsu, NTT Docomo and Yoshimoto Entertainment, from 2006 to 2017. He was a Corporate M&A Partner at Bingham McCutchen LLP, a large national U.S. law firm, where he specialized in cross-border transactions, representing Japanese and U.S. clients across a wide range of industries including manufacturing, pharmaceutical, technology, banking, sports and entertainment, from 1993 to 2006.
Mr. Yorihiro has no family relationships with any executive officer or director of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Further, there are no arrangements or understandings between Mr. Yorihiro and any other person pursuant to which he was selected to become the Interim Chief Executive Officer of the Company.
Mr. Yorihiro's compensation did not change in connection with his appointment as Interim Chief Executive Officer of the Company.