Breaking News: Tom Beard Resigns From Affliction

This news just crossed the wire about an hour ago:

"The board of directors of Affliction Inc. announced today that it received and accepted the resignation of Todd Beard as an employee of the company. Mr. Beard is one of the original founders of the clothing company based in Seal Beach, California. The resignation coincides with a public apology for comments made by Mr. Beard and directed toward Randy Couture and his wife Kim Couture regarding their business relationship.

Mr. Beard (seen left) also disclosed that he will be seeking treatment for anger management and alcohol abuse.

According to Mr. Beard, "I would like to apologize for my comments that may have offended Kim and Randy Couture and Mr. Spira. I had a long-standing relationship with the Coutures and I was deeply and emotionally hurt by some of their recent business decisions. I have only the best of intentions for the success of the Affliction and Xtreme Couture clothing brands and understand that there are personal issues I must address."

According to the board of directors, "We are delighted Todd has decided to address these issues and wish Randy Couture (seen above) well."

The Board of directors of Affliction Inc. also wanted to clarify that Affliction Entertainment Group LLC. (the promotion company) is not controlled by Affliction Inc. Mr. Beard to its knowledge, is nether an officer, director, or a shareholder of Affliction Entertainment Group LLC. as stated in several periodicals"

More on this news as it happens...

Source: MarketWatch

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