The Denver record company Vinyl Me, Please has ousted its top executives and sued them for allegedly funneling company funds to their pricy pet project in RiNo.
Vinyl Me, Please was founded in 2012 and has become a popular record-of-the-month subscription service in the dozen years since, with 20,000 subscribers today, it said. CEO Cameron Schaefer and Chief Financial Officer Adam Block led the company in recent years.
But the company’s board fired them, along with Chief Strategy Officer Rich Kylberg, in March. And on Wednesday, all three were sued by the company they led.
The stated cause for their ouster is a new 14,000-square-foot vinyl record production plant at 4201 N. Brighton Blvd. That plant, which started pressing records this year, has been hyped by national and local media, as well as Schaefer, Block and Kylberg, since 2022.
Vinyl Me, Please Fires and Sues CEO
