Business Context and Reporting Period
This Form 8-K is a current report filed by REED's, INC. on April 2, 2021, regarding corporate governance changes. The company is incorporated in Delaware and its common stock trades on The NASDAQ Stock Market LLC under the symbol REED.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel and board composition changes rather than financial performance.
Material Changes
- Board Resignation: Christopher J. Reed resigned from his positions as a member of the board of directors and the operations committee, effective April 2, 2021.
- Continued Employment: Mr. Reed continues to serve as the company's Chief Innovation Officer.
- Board Size Reduction: Effective April 6, 2021, the board of directors reduced its size from seven (7) members to six (6) members to eliminate the vacancy created by Mr. Reed's resignation.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirm the continued role of Christopher J. Reed as Chief Innovation Officer post-resignation.
- Verify the updated board composition and the effective date of the size reduction (April 6, 2021).
- Check for any related proxy statements or subsequent filings regarding the appointment of a new director to fill the vacancy, if applicable.