REED's, INC. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report, dated December 21, 2012, details the results of REED's, INC.'s 2012 Annual Meeting of Shareholders. The meeting was held to elect directors and ratify the selection of the independent registered public accounting firm.
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 corporate governance and shareholder voting outcomes.
Material Changes and Voting Results
As of the record date (November 19, 2012), 11,991,662 common shares were outstanding. Approximately 77% of these shares (9,189,342) were represented at the meeting. The following actions were taken:
- Director Elections: All five nominees were elected to one-year terms expiring at the 2013 Annual Meeting. Significant broker non-votes (3,315,112) were recorded for each nominee.
- Accounting Firm Ratification: The selection of Weinberg & Company, P.A. as the independent auditor for the fiscal year ending December 31, 2012, was ratified by a substantial majority.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management commentary on financial outlook, specific risks, contingencies, or unusual items. The document is limited to reporting the mechanics and results of the shareholder vote.
Key Facts for Investor Verification
- Verify the total number of outstanding shares (11,991,662) and the high percentage of broker non-votes (approx. 36% of outstanding shares) regarding director elections.
- Confirm the ratification of Weinberg & Company, P.A. as the auditor for the 2012 fiscal year.
- Note that this filing contains no financial performance data; refer to the 10-K or 10-Q for fiscal year 2012 financial results.