Krell Moves to new location

The plot thickens!

More than 6,113 Audiogon Members have viewed this ’Krell Moves to new location’ post and 91 people have made comments. While I found everyone’s comments interesting to read, none of them have REALLY answered the one question everyone is asking. What is going on at KRELL INDUSTRIES?

As of today, Krell Industries has NOT yet issued a comprehensive public release addressing its current situation to its customers, retailers, and vendors. While the company has shared limited updates through its new website and social media, many customers remain frustrated by the lack of direct communication. A press release with full details has NOT been released, leaving questions about their operational plans unanswered.

I also do not understand why Krell industries said they will communicate something to Stereophile but send nothing to their customers, retailers and vendors. They also sometimes post to Facebook. This makes zero business sense to me.

Some of these Audiogon posts say Krell Industries has closed and will not reopen. Other people are worried about getting their equipment repaired and/or returned. Some people have provided many details regarding various legal options. There are many other interesting comments.

Everyone wants to know when Krell Industries will send out an official press release with the full details. My answer is I have no clue!

AND, as stated above, "Will the real owner of Krell Industries, please stand up".

Another unexplored item is Krell's board and who sits on it

Another unexplored item is Krell’s board and who sits on it

The board as created in 2009 by the "Investors" no longer exists. I imagine the three appointed board members by the "Investors" were shown the door by Rondi D’agostino when she regained control of the company in about 2016. (As she said, she reacquired Krell, in the Article above. 12-23-2024 at 01:49pm ).

I did a search to find any info about about any present board members. Found nothing. I did find something pre Rondi D’agostino’s death as for management personnel. Have no idea if it is accurate. Though if it’s on the internet it must be true.

This one also shows revenues for 2023 of $15.3M Don’t know if is accurate.. What was the net, bottom line?

https://rocketreach.co/krell-industries-management_b5c44eacf42e0df5

Here’s is another Link:

https://www.zoominfo.com/pic/krell-industries-llc/39634277 Is this accurate? ???

I don’t see any Board Member’s names.

Note the names, last updated. All as of 12/2024.

Note the President’s name. Arnold Martinez What’s his background? Check him out.

I see a familiar family name, Michael Bellas. The Late Rondi D’agostino’s husband.

Looks like the SH forum post saying he had dementia was wrong...

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Yeah generally no mandate for private companies to have a Board of Directors, although it  can vary by state as to what functions a company must have. In a situation like Krell has gone through, I'm not surprised Rondi did not constitute a Board. I think it is also mute reinforcement that Bicking or any other investor did NOT have a significant financial interest in Krell. Invariably, someone putting  money into a business or someone with substantial ownership wants a Board and someone looking out for their financial interests.