PetIQ, Inc. Appoints Will Santana as a Member of the Board of Directors
January 23, 2018 at 09:30 pm
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PetIQ, Inc., PetIQ Holdings, LLC, PetIQ, LLC (the Buyer), Community Veterinary Clinics, LLC, VIP Petcare Holdings, Inc. (Seller), and Will Santana and Kenneth Pecoraro, entered into that certain Unit Purchase Agreement, dated January 5, 2018, pursuant to which, among other things, the Buyer has agreed to purchase 100% of the equity interests of the company (the Acquisition) in exchange for, among other consideration, 4,200,000 common membership interests of Holdings (the LLC Interests) and 4,200,000 shares of Class B common stock, par value $0.001 per share, of PetIQ (the PetIQ Class B Shares and together with the LLC Interests, the Equity Consideration). Upon closing of the Acquisition, the company appointed Will Santana as a member of the Board of Directors of PetIQ. Prior to joining PetIQ, Mr. Santana served as the Chief Executive Officer of VIP since founding the company in 1997. Mr. Santana has not been named to any committee of the Board of Directors.
PetIQ, Inc. is a pet medication and wellness company, which provides veterinary products and services. The Company operates through two segments: Products and Services. Products segment manufactures and distributes pet medication and health and wellness products to major United States retail and e-commerce channels through more than 60,000 points of distribution. It is focused its offerings on value-branded products, and third-party branded products for dogs and cats, including pet Rx medications, OTC medications, and wellness products. Services segment provides a comprehensive suite of services at approximately 2,600 community clinic locations and wellness centers hosted at retailers across 39 states. The segmentâs services include diagnostic tests, vaccinations, prescription medications, microchipping, grooming and hygiene and wellness checks. The Rx pet medications products include flea and tick control, heartworm preventatives, arthritis, thyroid, and other specialty medications.
PETIQ, INC. 
