Tix Corp. said Monday that it has fired its chief financial officer but has quickly replaced him.
The Studio City event ticket seller said its new CFO, Steve Handy, has held various management roles in high tech, manufacturing and service companies, and most recently was CFO and corporate secretary at SM&A, a former publicly traded professional services firm. Handy also was once a senior auditor at Deloitte & Touche LLP.
"Steve brings the industry-specific financial experience Tix Corp. needs as we continue to execute our growth strategies,” said Chief Executive Mitch Francis in a press release.
Handy, who according to regulatory filings will receive an annual salary of $215,000, replaces Matthew Natalizio, who was terminated as of March 29.
Francis said Natalizio’s departure was due “solely to operational style differences.”
Tix Corp. last month reported a smaller fourth-quarter loss in part due to revenue growth from its Tix4Tonight service, which sells restaurant reservations and deeply-discounted show tickets on the day of the event. In addition, the company recently acquired All Access Entertainment, a discount ticket service with five facilities in Las Vegas.
Shares were up 5 cents, or 4 percent, to $1.23 in midday trading on the Nasdaq.
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