• Guitar Center named Reverb founder David Kalt as an independent director as it targets its next phase of growth.
• Kalt built the online gear marketplace Reverb, which Etsy acquired for USD 275 million.
• He previously acquired Chicago Music Exchange, then expanded the retailer’s vintage and collectible instrument business.
• Kalt also co-founded optionsXpress, which later sold to Charles Schwab for USD 1 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Guitar Center Inc. published the original content used to generate this news brief on May 19, 2026, and is solely responsible for the information contained therein.