One of the news items over the weekend was that Comix Wellspring -- a popular printer among independent creators and publishers for several years -- has suddenly shut down. Temporarily. Maybe. A message on the company's home page says, "We sincerely apologize, but due to unforeseen operational challenges, Comix Wellspring, owned and operated by Carta Finishing, must temporarily suspend accepting new orders and halt production at this time." They don't offer any further explanation, only to go on to suggest alternative options for customers. So what's going on? Do they offer any clues?
Well, the first thing they say after that opening statement is that any currently incomplete orders will be fully refunded. Which means that they're not having money problems, because they've got the cash on-hand to offer that. If there were debt issues or somethng, any incoming money from the past several months would've gone immediately to pay off whatever debts had already accumulated and they wouldn't be able to make refunds immediately and unconditionally.
They also suggest another printer, Greko Printing, for any future projects. While suggesting an alternative route seems straight-forward enough, Greko Printing was founded by one of the founders of Comix Wellspring and when he left to do so, he signed a non-compete agreement saying he would not print comic books. Non-competes are a fairly standard (if somewhat dubious) practice in those types of situations and that Comix Wellspring went out of their way to negate the existing agreement for the sake of its customers says that this shut down is not going to be short-lived. I'd go so far as to say that it suggests they don't expect to be back in operation ever.
The "unforeseen" part of their "unforeseen operational challenges" seems significant. The company launched a completely overhaulded version of their site for placing orders and such just two months ago; that's not a change they'd undertake if they knew they'd be shutting down soon. Indeed, they had been touting the upgrade for months and just before launching it, they posted a message that said, "THIS is the next era of Comix Wellspring." They were very much planning for the future, and trying to offer more capabilities and services to their customers.
I'm wondering if there's something higher up the chain. The announcement refers to being owned by Carta Finishing. Carta is a relatively new company, coming together in late 2023 when Gatherall Bindery and Allied Bindery merged. Comix Wellspring was wrapped in around the same time. Dan Hills (pictured at right) was promoted up to the CEO role from CMO in March 2024; however, interestingly, his LinkedIn profile includes an end date as CEO -- and with Comix Wellspring entirely -- of June 2026.
So is Hills' departure the cause of this shut-down? Nominally, yes, it would seem so. But I think there's more to it than, "we can't run our day-to-day operations without a CEO." Hills attended the ComicsPRO meeting back about four months ago, and his posts seemed excited about it. The last full interview I can find with him dates to November, and he seemed pretty excited about comics and the company then as well. So it doesn't seem to me like he was feeling burnt out -- although that could indeed be hidden relativey easily online. And besides, if that were the extent of the issue (although, to be clear, burn-out is not a small issue for the individual; I'm talking about this relative to Comix Wellspring as a whole shutting down) Carta Finishing could appoint an interim CEO either from within Comix Wellspring itself or from Carta just to make sure things keep rolling. Because a full shut-down, even if it is only temporary, is an extremely drastic step for a company, and not one that would be undertaken casually. Indeed, as Chief Operating Officer, Brian Thomas could keep the presses running in the short term with no problem; even though he was only promoted to that position in February, he's got a decades long professional history in leadership roles just like that.
This, to me, points to a larger issue. I don't have any evidence of what went on here, but frequently when a CEO steps away like that, it's because of a significant conflict with the parent company. That the larger company made some decision(s) the CEO fundamentally disagreed with, fought against, and ultimately got over-ruled on. Leading to the CEO resigning (or being forced out) in protest. In the past, I've most often seen this when the larger company tries to fully absorb the smaller one causing it to shut down or when they plan to make some significant layoffs to reduce "redundant" operations. (Think along the lines of, "Why do we need two HR departments?") So the sudden shut-down of Comix Wellspring could be a response to Hills' departure where Carta might say, "Well, if there's no CEO anyway, let's just accelerate our schedule to absorb the whole company rather than try to waste time to put a new CEO in place just for a few months or a year."
Like I said, I don't have any hard evidence of what went/is going on. But Hills' sudden -- and quiet -- departure almost immediately before this current shut-down took place strongly suggests to me something like the above. (The notion of Carta absorbing the company fully is 100% speculative, just based on what I've seen historically. It could also be something like Carta trying to force Comix Wellspring to print pro-Nazi comics that Hills personally objected to on ethical grounds. That type of thing does happen, but it's pretty rare in my experience.) The only other thing I can think of would be if there were some massive legal problems with Hills personally (like, at a felony level) but I suspect that we would've heard news of that already separately, and that wouldn't so significantly impact Comix Wellspring's day-to-day operations. With the company having halted all operations already, and the CEO already departed, I suspect we won't hear much else formally though. Maybe Hills or Thomas will drop a tell-all blog post about it a couple years from now, but I think most people will have forgotten all about it by then.
In the meantime, my best wishes to whoever's left at Comix Wellspring. I don't doubt things feel extremly unstable and chaotic for you, and I hope you're able to land on your feet.
Well, the first thing they say after that opening statement is that any currently incomplete orders will be fully refunded. Which means that they're not having money problems, because they've got the cash on-hand to offer that. If there were debt issues or somethng, any incoming money from the past several months would've gone immediately to pay off whatever debts had already accumulated and they wouldn't be able to make refunds immediately and unconditionally.
They also suggest another printer, Greko Printing, for any future projects. While suggesting an alternative route seems straight-forward enough, Greko Printing was founded by one of the founders of Comix Wellspring and when he left to do so, he signed a non-compete agreement saying he would not print comic books. Non-competes are a fairly standard (if somewhat dubious) practice in those types of situations and that Comix Wellspring went out of their way to negate the existing agreement for the sake of its customers says that this shut down is not going to be short-lived. I'd go so far as to say that it suggests they don't expect to be back in operation ever.
The "unforeseen" part of their "unforeseen operational challenges" seems significant. The company launched a completely overhaulded version of their site for placing orders and such just two months ago; that's not a change they'd undertake if they knew they'd be shutting down soon. Indeed, they had been touting the upgrade for months and just before launching it, they posted a message that said, "THIS is the next era of Comix Wellspring." They were very much planning for the future, and trying to offer more capabilities and services to their customers.
I'm wondering if there's something higher up the chain. The announcement refers to being owned by Carta Finishing. Carta is a relatively new company, coming together in late 2023 when Gatherall Bindery and Allied Bindery merged. Comix Wellspring was wrapped in around the same time. Dan Hills (pictured at right) was promoted up to the CEO role from CMO in March 2024; however, interestingly, his LinkedIn profile includes an end date as CEO -- and with Comix Wellspring entirely -- of June 2026.
So is Hills' departure the cause of this shut-down? Nominally, yes, it would seem so. But I think there's more to it than, "we can't run our day-to-day operations without a CEO." Hills attended the ComicsPRO meeting back about four months ago, and his posts seemed excited about it. The last full interview I can find with him dates to November, and he seemed pretty excited about comics and the company then as well. So it doesn't seem to me like he was feeling burnt out -- although that could indeed be hidden relativey easily online. And besides, if that were the extent of the issue (although, to be clear, burn-out is not a small issue for the individual; I'm talking about this relative to Comix Wellspring as a whole shutting down) Carta Finishing could appoint an interim CEO either from within Comix Wellspring itself or from Carta just to make sure things keep rolling. Because a full shut-down, even if it is only temporary, is an extremely drastic step for a company, and not one that would be undertaken casually. Indeed, as Chief Operating Officer, Brian Thomas could keep the presses running in the short term with no problem; even though he was only promoted to that position in February, he's got a decades long professional history in leadership roles just like that.
This, to me, points to a larger issue. I don't have any evidence of what went on here, but frequently when a CEO steps away like that, it's because of a significant conflict with the parent company. That the larger company made some decision(s) the CEO fundamentally disagreed with, fought against, and ultimately got over-ruled on. Leading to the CEO resigning (or being forced out) in protest. In the past, I've most often seen this when the larger company tries to fully absorb the smaller one causing it to shut down or when they plan to make some significant layoffs to reduce "redundant" operations. (Think along the lines of, "Why do we need two HR departments?") So the sudden shut-down of Comix Wellspring could be a response to Hills' departure where Carta might say, "Well, if there's no CEO anyway, let's just accelerate our schedule to absorb the whole company rather than try to waste time to put a new CEO in place just for a few months or a year."
Like I said, I don't have any hard evidence of what went/is going on. But Hills' sudden -- and quiet -- departure almost immediately before this current shut-down took place strongly suggests to me something like the above. (The notion of Carta absorbing the company fully is 100% speculative, just based on what I've seen historically. It could also be something like Carta trying to force Comix Wellspring to print pro-Nazi comics that Hills personally objected to on ethical grounds. That type of thing does happen, but it's pretty rare in my experience.) The only other thing I can think of would be if there were some massive legal problems with Hills personally (like, at a felony level) but I suspect that we would've heard news of that already separately, and that wouldn't so significantly impact Comix Wellspring's day-to-day operations. With the company having halted all operations already, and the CEO already departed, I suspect we won't hear much else formally though. Maybe Hills or Thomas will drop a tell-all blog post about it a couple years from now, but I think most people will have forgotten all about it by then.
In the meantime, my best wishes to whoever's left at Comix Wellspring. I don't doubt things feel extremly unstable and chaotic for you, and I hope you're able to land on your feet.


















