http://www.mmaweekly.com/absolutenm/tem ... &zoneid=13
According the latest filing with the Securities and Exchange Commission from Pro Elite Inc, Elite XC Live Events President Gary Shaw and Executive Chairman of Pro Elite, Doug DeLuca, have resigned from their positions in the company effective immediately.
Both Shaw and DeLuca will remain on with the company in a consultant’s role that will pay them a salary until the contract ends in 2009.
Gary Shaw had been the public face of Elite XC since its inception, but he has seen a diminished role over the past few months. He had already announced a reduced role in the company due to the constant travel involved, as he is based on the east coast and the Elite XC offices are in California, but that he would still be included in all Elite XC business.
Sounds like he's not all the way out, but he'll definitely have less influence, and won't be the public face of EliteXC, which is a good thing for them.