All changes in partnerships, officers, directors, or persons holding directly, or beneficially, more than five percent (5%) of the stock or ownership interest, or in managers of establishments licensed under this chapter, shall be reported in writing to the liquor control commissioner within ten (10) days of the change. All such personnel shall comply with all applicable requirements of this chapter. All such changes in personnel shall be subject to review, or hearing, by the liquor control commissioner in his discretion. This section shall not apply to an applicant for or holder of a class I license, but shall apply to any agent or manager who is operating premises that are licensed by a class I license, if such agent or manager is not an employee of the holder of the class I license. (Ord. 2006-O-14 § 1)