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Another Round of Sonos Layoffs at a Critical Moment; 12% of Staff is Cut

February 18, 2025 by Ted Leave a Comment

Consumer using Sonos products

Sonos has announced that it is launching yet another reorganization (it had one in 2024, and another one before that in 2023) with a “reduction in force” this time impacting 12% of its entire workforce. It seems remarkable that at a time when it continues to struggle to extricate itself from the La Brea tar pits it fell into via 2024’s app disaster, one of its first solutions is to let people go. More than 1 out of every 10 employees has been terminated to “…improve the Company’s operating model and cost structure to set the Company up for long-term success.”

See more on the Sonos layoffs

[Read more…] about Another Round of Sonos Layoffs at a Critical Moment; 12% of Staff is Cut

Filed Under: Financial, Management, Manufacturers, News, Strategy Tagged With: layoffs, Sonos, Tom Conrad

Sonance Names Tyler Kungl as VP of Luxury Residential Sales

February 12, 2025 by Ted Leave a Comment

Tyler Kungl, New Sonance VP of Luxury Residential Sales

Sonance announced on Wednesday that it has named Tyler Kungl as Vice President of Luxury Residential Sales. Another in a series of recent hires, Sonance looks to be on the move, strategically increasing market presence and dealer support for various markets, both domestic and international.

Learn more on this Sonance appointment of Tyler Kungl

[Read more…] about Sonance Names Tyler Kungl as VP of Luxury Residential Sales

Filed Under: Management, Manufacturers, News, People, Sales Tagged With: Jason Sloan, Sonance

NASDAQ Warns VOXX It’s Out of Compliance with Listing Rules

February 3, 2025 by Ted Leave a Comment

Image of Nasdaq tower

Voxx International Corporation (Nasdaq: VOXX) revealed on Friday that it has received an official notification from the Nasdaq Stock Market LLC (Nasdaq) informing the company that the fact it has failed to timely file its Quarterly Report on Form 10-Q for the period ending November 30, 2024 means that it is out of compliance with Nasdaq Listing Rule 5250(c)(1). The company said it had received Nasdaq’s official compliance notice on January 28, 2025.

See what the Nasdaq warning means for Voxx…

[Read more…] about NASDAQ Warns VOXX It’s Out of Compliance with Listing Rules

Filed Under: Feature, Financial, Management, Manufacturers, News Tagged With: stock market

Voxx Tells the SEC Its Latest Quarterly Report Will Be Late; Sets Severance for Key Execs

January 21, 2025 by Ted Leave a Comment

Voxx Int'l headquarters building

Voxx International Corporation (Nasdaq: VOXX) has filed papers with the Securities and Exchange Commission (SEC) informing them that the company will be late in filing its latest Quarterly Report. It has separately notified the SEC of new “Compensatory Arrangements” with certain officers of the company. The subject of the first filing is a regular Quarterly Earnings report – which is mandated by securities regulations. The delayed report Voxx is referring to is its normal earnings report for the quarter ending November 30, 2024.

The second filing – a Form 8-K – details certain changes to the employment agreements of CEO/President Pat Lavelle, Senior VP/COO/CFO Lorianne Shelton, and Senior VP/Treasurer Charles M. Stoehr.

See why Voxx is delaying the filing of its SEC-required Quarterly report

[Read more…] about Voxx Tells the SEC Its Latest Quarterly Report Will Be Late; Sets Severance for Key Execs

Filed Under: Financial, Management, Manufacturers Tagged With: Gentex, Lorianne Shelton, Pat Lavelle, Voxx International

Now Part of Bose, McIntosh Group Terminates Independent Sales Reps

January 15, 2025 by Ted 15 Comments

Image of McIntosh and Bose products

In the wake of its acquisition by Bose last November, I have learned that there has been a significant shift in McIntosh’s go-to-market strategy. Multiple sources are reporting that McIntosh Group has terminated all independent manufacturer sales representatives. This move appears to contradict statements made by a Bose executive during the original announcement of its acquisition of McIntosh in November.

Learn more about McIntosh terminating its sales representatives

[Read more…] about Now Part of Bose, McIntosh Group Terminates Independent Sales Reps

Filed Under: Dealers, Feature, Management, Manufacturers, News, Strategy Tagged With: Bose, McIntosh

AVPro Global Selects Loel Wheeler for Murideo VP of Sales

January 14, 2025 by Ted Leave a Comment

Loel Wheeler new head of Murideo for AVPro Global

AVPro Global Holdings LLC, a company holding a diversified portfolio of top custom integration brands, such as AudioControl Pro, Murideo, Bullet Train, and more announced on Monday that it has selected Loel Wheeler to be its Vice President of Sales for Murideo – the company’s testing and measurement tools division.

Learn more about Loel Wheeler as VP of Sales at Murideo

[Read more…] about AVPro Global Selects Loel Wheeler for Murideo VP of Sales

Filed Under: Management, Manufacturers, News, People, Sales Tagged With: AVPro Global, Murideo

Sonos CEO Patrick Spence is Out; Board Names Tom Conrad as Interim CEO

January 13, 2025 by Ted Leave a Comment

Patrick Spence, Sonos now ex-CEO

In a move I have been anticipating for weeks, the Sonos Board has finally made a move and dismissed Patrick Spence as CEO as of this morning, Monday, January 13, 2025. The company has named a member of the Board – Tom Conrad – as an interim CEO, while a search has been launched for its next CEO.

See more on the exit of Spence as Sonos CEO

[Read more…] about Sonos CEO Patrick Spence is Out; Board Names Tom Conrad as Interim CEO

Filed Under: Feature, Management, Manufacturers, News, People, Strategy Tagged With: Patrick Spence, Sonos

CES 25 – Premium Audio Co Launches New Onkyo Icon Series Amps & Preamp

January 9, 2025 by Ted Leave a Comment

New components from Onkyo

Premium Audio Company (PAC), a division of Gentex Corp. that oversees the Onkyo, Integra, and Klipsch audio gear, has launched an interesting new series of electronics including an amplifier, preamplifier, and integrated amplifier at CES 2025 taking place in Las Vegas, Nevada this week. This new series is called the Onkyo Icon Series, a line of high-fidelity electronics that the company says is “a bold step forward in the brand’s evolution.”

Learn more about the all-new Onkyo Icon Series

[Read more…] about CES 25 – Premium Audio Co Launches New Onkyo Icon Series Amps & Preamp

Filed Under: Management, Manufacturers, News, Products, Shows & Events Tagged With: Onkyo, Premium Audio Company

At CES 2025 LG Goes Deep on AI; Sees Dollar Signs for ‘Space as a Service’

January 9, 2025 by Ted 2 Comments

The LG press conference at CES 25 focused on AI

Much like the last few years, exhibitors at the Consumer Electronics Show (CES) in Las Vegas have largely focused on advances in artificial intelligence (AI). All major manufacturers spoke to it…none more deeply than LG, whose 45-minute press conference began with AI…ended with AI…and had a lot of AI in the middle.

See more on how LG envisions AI’s transformation of Tech

[Read more…] about At CES 2025 LG Goes Deep on AI; Sees Dollar Signs for ‘Space as a Service’

Filed Under: Consumer Trends, Feature, Management, Manufacturers, Marketing, News, Shows & Events, Strategy, Tech Trends, Technology Tagged With: affectionate intelligence, AI, artificial intelligence, LG

Savant Partners with Top Solar Provider Sunder Energy to Make Solar Smart

December 23, 2024 by Ted Leave a Comment

Savant app on tablet and smartphone

I first heard about Savant’s interest in energy for the home back in 2018 when a company representative walked me through the Racepoint Energy booth at CEDIA Expo 2018. Racepoint Energy was a sister company to Savant and the two were partnering on creating new concepts in automating, monitoring, and controlling power as part of a smart home system. Ultimately, the two companies would merge to become Savant Power which turbocharged the development of deeper integration and automation of energy solutions for the now smarter smart home.

Now, Savant is partnering with Sunder Energy to provide smart solar power…

[Read more…] about Savant Partners with Top Solar Provider Sunder Energy to Make Solar Smart

Filed Under: Energy/Ecosystem, Manufacturers, News, Strategy, Technology Tagged With: Savant Power, solar

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Sonos Board Decides to Upgrade Interim CEO Tom Conrad to Official CEO

Sonos, Inc. [Nasdaq: SONO] announced today that its Board of Directors has … [Read More...] about Sonos Board Decides to Upgrade Interim CEO Tom Conrad to Official CEO

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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