Business Context and Reporting Period
This Form 8-K Current Report was filed by Reborn Coffee, Inc. on October 12, 2023. The filing reports a corporate governance change involving the Board of Directors. The Company is incorporated in Delaware and its common stock trades on the Nasdaq Capital Market under the symbol REBN.
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is strictly a report on the appointment of a new director.
Material Changes
- Board Expansion: The Board of Directors increased its size from five members to six members.
- New Appointment: Jennifer Tan was appointed to fill the newly created vacancy on the Board.
- Term: Ms. Tan will serve until the next annual stockholder meeting or until her successor is appointed, qualified, or until earlier resignation or removal.
- Committee Service: Ms. Tan will not serve on any Board committees.
Management Commentary and Risks
Background of New Director: Jennifer Tan brings over 30 years of global entrepreneurial experience. Her recent roles include CEO of Hawaii Volcano Tea LP (since 2020) and Managing Director of Tutti Frutti (China) Limited (2009–2019). She also held leadership roles at International Golf & Yacht Club (Hong Kong) Limited and Mass Star Development Limited.
Compensation and Relationships: Ms. Tan will not receive compensation for her Board service. There are no family relationships between Ms. Tan and existing directors or officers, and no reportable related party transactions exist.
Regulatory Disclosure: The Company issued a press release regarding this appointment (Exhibit 99.1). The information in this 8-K under Item 7.01 is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings unless expressly stated.
Key Facts for Investor Verification
- Verify the effective date of Jennifer Tan's appointment (October 12, 2023).
- Confirm that the Board size is now six members.
- Note that the new director is serving on an uncompensated basis.
- Review the attached press release (Exhibit 99.1) for additional context on the appointment.