Because one Highline executive served both entities, a single exit removed the principal financial officer from two registrants at once — with no replacement named.

July 15, 2026

Two GPB partnerships in court-supervised receivership have lost the executive who served as their principal financial and accounting officer, a change both entities tied directly to their ongoing wind-down.

GPB Holdings II, LP and GPB Automotive Portfolio, LP each reported that Evan Cutler’s employment with Highline Management, Inc. ended on June 30, 2026, and that he simultaneously ceased acting as each partnership’s principal financial and accounting officer. Cutler held the responsibility indirectly: as chief financial officer of Highline — the firm operating the partnerships under a receiver appointed by the U.S. District Court for the Eastern District of New York — he functioned as finance chief for both vehicles.

Both partnerships have already sold substantially all of their assets and remain in receivership. Neither named a successor.

One officer, two registrants

The parallel reporting reflects a shared structure. Because a single Highline executive covered the finance function for both entities, one personnel change removed the principal financial officer from two separate registrants on the same day. Each partnership characterized the departure as a step taken in accordance with the wind-down rather than a discretionary management decision.

Why no replacement

For an issuer operating as a going concern, the exit of a principal financial and accounting officer would ordinarily prompt an immediate successor appointment to preserve continuity of financial reporting and internal controls. In a receivership whose mandate is liquidation rather than continuation, the calculus differs. As remaining assets and reporting obligations contract, the finance apparatus is typically wound down rather than replenished. The absence of a named replacement is consistent with that posture, though neither partnership stated how financial-reporting responsibilities would be handled going forward.

Robert Chmiel, who signed both reports as chief executive officer, continues in that role.

With core assets already divested, personnel changes of this kind read less as operational transition than as administrative closure, marking another step in the unwinding of the two partnerships.