"Yancey Spruill will continue to serve as Chief Executive Officer until a successor has been appointed, at which point he will step down from his role and as a member of the Board."

That's corporate speak for removal. Based on the speed in which this announcement was made in regard to the investigation into misleading financial statements https://www.globenewswire.com/news-release/2023/08/21/272896... it's pretty obvious.