Applied UV Shares Lower, Co. Consolidates Facilities and Appoints Interim CEO


By Stephen Nakrosis

Shares of Applied UV Inc. were trading lower on Monday after the company announced the resignation of its chief executive and consolidated some facilities.

As of 1 p.m. ET, shares of the company were trading down 10.46%, at $4.45 a share.

The company said it was informed on Dec. 21 that James Alecxih, its chief executive and board member, was resigning “for personal reasons and not as a result of any disagreement with the company.”

Max Munn, founder and chairman of Applied UV, as well as the company’s director and largest shareholder, has been named interim CEO, the company said.

Applied UV also said it plans to move its operations from Denver to the Atlanta facilities of recently acquired Kes Science & Technology. The company has also consolidated the operations of recently acquired Scientific Air Management into this facility, he said.

Mr. Munn said that in addition to consolidating facilities, “we also plan to consolidate all of our marketing efforts.”

Also on Monday, the company announced that its board of directors had named John J. Hayman III as interim chief operating officer.

Applied UV said it is focused on developing and acquiring technologies that address infection control in the healthcare, hospitality, commercial and municipal markets.

Write to Stephen Nakrosis at [email protected]


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