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SAN ANTONIO, TX - XPEL, Inc. (NASDAQ:XPEL), a company specializing in protective films and coatings, reported today the departure of Babatunde Awodiran, who served as Senior Vice President, General Counsel, and Corporate Secretary. According to the company’s latest SEC filing, Awodiran’s separation from the company was effective as of Monday, February 18, 2025. The announcement comes as XPEL maintains a strong financial position, with InvestingPro data showing the company’s overall financial health rating as "GOOD" and a robust current ratio of 4.35.
The filing clarified that Awodiran’s departure did not stem from any disagreements with the company’s operations, policies, or practices. Details regarding a successor or any interim arrangements were not disclosed in the document.
XPEL’s announcement comes as part of a regulatory requirement to inform shareholders and the public of significant changes in the company’s executive team. The departure of a senior executive like Awodiran is of interest to investors and could be indicative of internal changes within the company’s leadership structure.
The company, headquartered in San Antonio, Texas, operates in the coatings and engraving industry and is known for its range of products, including automotive paint protection and window films. XPEL has not provided further details on the circumstances surrounding Awodiran’s departure or any potential impact on the company’s strategic direction.
The SEC filing, which includes this information, is a formal document that companies must submit to report significant events that shareholders should know about. These filings are a primary source of information for investors looking to understand the latest developments within a company.
XPEL’s stock is traded on The Nasdaq Stock Market under the ticker symbol XPEL. The company’s business address is 711 Broadway St., Suite 320, San Antonio, Texas, 78215. As per the SEC filing, no additional financial statements or exhibits were included that relate to this announcement.
Investors and stakeholders in XPEL, Inc. will be watching closely for any further announcements regarding the company’s executive team and any strategic changes that may follow.
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