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Old 07-30-2008, 03:48 PM   #1 (permalink)
Bonnar426
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Shaw And Deluca Resign From Pro Elite

SHAW AND DELUCA RESIGN FROM PRO ELITE
Wednesday, July 30, 2008 - MMAWeekly.com Staff

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According the latest filing with the Securities and Exchange Commission from Pro Elite Inc, Elite XC Live Events President Gary Shaw and Executive Chairman of Pro Elite, Doug DeLuca, have resigned from their positions in the company effective immediately.

Both Shaw and DeLuca will remain on with the company in a consultant’s role that will pay them a salary until the contract ends in 2009.

Gary Shaw had been the public face of Elite XC since its inception, but he has seen a diminished role over the past few months. He had already announced a reduced role in the company due to the constant travel involved, as he is based on the east coast and the Elite XC offices are in California, but that he would still be included in all Elite XC business.

DeLuca is a stranger case with the resignation because even as of last week prior to the second Elite XC/CBS show, he was a part of media conference calls discussing the show, but now it appears he has left the company and his previous role.

Shaw and his company, Gary Shaw Productions, as well as DeLuca will be kept on as consultants through Sept. 30, 2009 while collecting a salary from Pro Elite as well.

No word has come from Pro Elite or Elite XC as to who will lead the company now that both of the most prominent public figures have stepped down. MMAWeekly.con did receive an interview with Elite XC Vice President, Jared Shaw, on Tuesday who is still working at the Elite XC offices in his role as matchmaker and executive.


Is this good or bad for EliteXC?
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