Tuesday, July 29, 2008

Doug DeLuca and Gary Shaw resign ProElite, Inc. positions


Credit mmajunkie.com



ProElite, Inc. Executive Chairman Doug DeLuca and EliteXC Live Events President Gary Shaw have both resigned their positions with the company and will instead serve as consultants.

The resignations appeared in ProElite's latest Securities Exchange Committee filing.

The report, filed today with an "earliest event reported" date of July 23, is available at proeliteinc.com.

News of the resignations come just three days after EliteXC's second nationally televised event on CBS. The follow-up event to the May 31 network-TV debut featured better production values and an improved overall pace to the broadcast, though ratings slipped by 40 percent without top stars Kevin "Kimbo Slice" and Gina Carano on the card.

Shaw, the recent front man for EliteXC, recently took a reduced role with the organization. In a media conference call earlier this month, DeLuca said the strain of the job had taken a toll on Shaw's health, family and the promoter's boxing ventures. The New Jersey-based Shaw didn't attend this past weekend's EliteXC event in Stockton, Calif.

DeLuca, ProElite's former Chief Executive Officer, resigned the position in February and became ProElite's Chief Strategy Officer and Executive Chairman for the Board of Directors. Along with Head of Fight Relations Jeremy Lappen, he's been EliteXC's most visible executives since Shaw's role was retooled.

Shaw and DeLuca, who both joined the company upon its formation in late 2006, also stepped down from ProElite's Board of Directors.

The next three months for EliteXC will be the busiest in the organization's young history. EliteXC currently has two ShoXC events, a Showtime broadcast, and a third CBS show all scheduled through Oct. 4.

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