Alliance MMA announced that its Chief Executive Officer, Paul K. Danner III, resigned as an officer of the Company effectively immediately according to a February 7, 2018 SEC Filing. In addition, it terminated the employment of the Company’s President, Robert Haydak, and its Chief Marketing Officer James Byrne.
Danner will stay on with Alliance MMA as Chairman of the Company’s Board of Directors through May 1, 2018.
Alliance MMA announced that Robert L. Mazzeo will serve as the Company’s acting CEO. Mazzeo had been acting as the company’s corporate counsel and is a partner at Mazzeo Song, P.C.
Alliance MMA is a publicly traded company on the NASDAQ. The stock is currently trading under $0.75 per share. The company’s 52 week high is $3.38 as of the time of this writing. It is down 77.46% over the course of the past 52 weeks. When it opened on the NASDAQ in November 2016 it started at $4.00 per share.
The company positioned itself as a “feeder” league for bigger promotions like the UFC. It had acquired several regional promotions
MMA Payout previously interviewed Haydak and Burt Watson about their work with Alliance MMA.
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