Krell Moves to new location

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.

@jea48 Kristopher is alive. I emailed him awhile back but he never responded. Owns auto repair shop.

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.

I’m sorry, but this is not how to run a company. How many customers shipped components needing repair to Krell before the doors closed? And how long must someone sit in limbo while the legal process continues. I’d hate to be someone who’s sitting in limbo not even knowing if their item or items is even going to be found! How is it Krell owners didn’t have their affairs in order before this happened. This is what not to do if you own any company!

This is one of the reasons I've started steering clear of these boutique audiophile companies that are one owner shows. Granted Krell had almost 50 employees compared to some companies that are 1-2 man operations. If the owner has a health issue or dies you are basically screwed.