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EAST: Proposed change in management at Eastside Distilling

By Ian Gilson, PhD, CFA



In the recent 14A (proxy) statement filed with the SEC Mr. Grover T. Wickersham, currently Executive Chairman at Eastside Distilling (EAST), was not included in the proposed slate of directors.

Mr. Wickersham is a major stockholder and has guided the company from its modest beginnings to its current position as a significant producer of craft spirits, including the Redneck Riviera Whiskey which is sold nationwide.

He is currently a major stockholder, owning over 5% of the outstanding stock, and is the largest stockholder in the company's management.

It is unusual for such an exclusion to occur and signals a significant rift within the officers and directors of the company.

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