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Cosi replaces CFO as solvency fears mount

Jul. 10, 2014 5:19 PM ETCosi, Inc. (COSIQ) StockCOSIQBy: Eric Jhonsa, SA News Editor1 Comment
  • COSI is replacing CFO Bill Koziel with Yum Brands exec Scott Carlock. Carlock held various finance/accounting roles at Yum over a 13-year stint with the company.
  • Cosi is less than 2 months removed from receiving a Nasdaq non-compliance warning related to its stockholders equity level. The restaurant chain ended Q1 with just $2.8M in cash, down from $6M at the end of Q4.

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