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Live Ventures Inc. Announces Departure of Board Member Richard D. Butler, Jr. and Appointment of New Director Greg LeClaire

Strategic Insights

— 1 min read

Live Ventures Inc., a leading online business solutions provider, announced the passing of long-time Board member Richard D. Butler, Jr., who served on the Board for approximately 19 years since 2006. The Company extended its deepest condolences to his family and friends for their loss. In response to Mr. Butler's passing, the Board elected Mr. Greg LeClaire to fill the vacant position, effective immediately. Mr. LeClaire, a seasoned finance expert, brings significant experience in finance and accounting, SEC reporting, and budgeting and financial management to the Board.

Key Takeaways:

  • Richard D. Butler, Jr., a member of Live Ventures Inc.'s Board of Directors, passed away on June 27, 2025, after serving for approximately 19 years.
  • The Board elected Mr. Greg LeClaire to fill the vacant position, effective immediately, to serve until the next annual meeting of stockholders or until his successor has been duly elected and qualified.
  • Mr. LeClaire is an independent director under NASDAQ listing rule 5605(a)(2) and meets the heightened independence standards for audit committee members under NASDAQ listing rule 5605(c)(2) and Rule 10A-3(b)(1) under the Securities Exchange Act of 1934.
  • Mr. LeClaire serves on each of the Company's standing committees, effective immediately, and has been appointed to the Board's audit committee.
  • He has significant experience in finance and accounting, SEC reporting, Sarbanes-Oxley compliance, and budgeting and financial management.
  • Mr. LeClaire holds a M.S. in Management from Stanford University's Graduate School of Business and a B.S. in Accounting from the University of Utah.
  • He was previously Board member and Audit Committee Chair from May 2008 to January 2014 and served as Chief Financial Officer of various companies.

Statistics:

  • 19 years: length of time Richard D. Butler, Jr. served on Live Ventures Inc.'s Board of Directors
  • 2006: year Richard D. Butler, Jr. joined the Board of Directors
  • 2025: year of Board member Richard D. Butler, Jr.'s passing
  • 2 days: time between the announcement of the Board member's passing and the Board meeting to elect a new director
  • June 27, 2025: date of Richard D. Butler, Jr.'s passing
  • July 2, 2025: date of the Board election of Mr. Greg LeClaire

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
  • FORM 8-K filed by Live Ventures Inc. on July 3, 2025

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