Originally Posted by FiveOncesOfPain

July 29, 2008 By: Sam Caplan Category: Douglas DeLuca, EliteXC, Gary Shaw

ProElite, Inc., the parent company of Elite Xtreme Combat, declared via a filing with the Securities Exchange Committee that both Chairman and Chief Strategy Officer Doug DeLuca and EliteXC Live Events President Gary Shaw have resigned from the company.

According to the filing, restated service contracts were agreed upon with DeLuca and Shaw on July 23.

Both Shaw and DeLuca will continue to work with ProElite as consultants. Shaw’s Gary Shaw Promotions has signed a consulting agreement with ProElite through September 30, 2009. DeLuca’s consulting services will be made available through his company “Legacy of Life Entertainment.”

Both Shaw and DeLuca had been with the company since its inception in 2006. Shaw’s public role had been reduced following EliteXC’s first telecast on CBS on May 31 while DeLuca stepped down as the company’s Chief Executive Officer last February and was replaced by former YouBet Chairman Charles Champion.

After stepping down as CEO, DeLuca remained with the company on a full-time basis as Chief Strategy Officer and Chairman of the company’s board. At the time, the move was termed as a “promotion.” DeLuca will be replaced on the board as Chariman by Champion.

Joining Shaw and DeLuca as leaving the company’s Board of Directors are David Marshall and Kurt Brendlinger. Their vacancies on the board will be filled by Edward C. Hannah, Edward Corey, and Robert E. Brierley.