REED's, INC. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by REED's, INC. on April 24, 2026. The filing reports a significant executive leadership change within the company's operations.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on personnel appointments and compensation arrangements.
Material Changes
The primary material change reported is the appointment of Damian Warshall as Chief Operating Officer (COO), effective April 27, 2026. Mr. Warshall assumes this role from Neal M. Cohane, who will continue to serve as the interim Chief Executive Officer. Mr. Warshall previously served as the Company's Vice President of Operations from October 2020 to May 2024.
Management Commentary and Compensation
In connection with the appointment, the Company entered into an Offer of Employment with Mr. Warshall. Key compensation terms include:
- Base Salary: $300,000 annually.
- Target Bonus: Up to 80% of the annual base salary.
The filing notes that Mr. Warshall is eligible for the Company's standard indemnification agreement and confirms no family relationships exist between him and other directors or officers.
Investor Verification Checklist
- Verify the effective date of the COO transition (April 27, 2026).
- Review the full text of the Offer of Employment (Exhibit 10.1) for additional compensation details or termination provisions.
- Confirm the current status of Neal M. Cohane's role as interim CEO and any future plans for a permanent CEO appointment.
- Check subsequent filings for any impact of this leadership change on operational strategy or financial guidance.