Business Context and Reporting Period
This Form 8-K Current Report was filed by Zevia PBC on July 19, 2022. The report discloses corporate governance changes effective July 20, 2022, specifically regarding the Board of Directors.
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 the appointment of a new director and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of David J. Lee as an independent Class II director to fill a vacancy on the Board. Mr. Lee was also appointed as a member of the Audit Committee. His term will last until the 2023 Annual Meeting of Stockholders, subject to re-election.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. Regarding compensation, Mr. Lee is entitled to a pro rata portion of the standard compensation for non-employee directors for the period from the effective date through the Annual Meeting. The Company expects Mr. Lee to enter into a standard director and officer indemnification agreement. No other transactions or relationships requiring disclosure under Item 404(a) of Regulation S-K were identified.
Investor Verification Checklist
- Verify the effective date of David J. Lee's directorship (July 20, 2022).
- Confirm Mr. Lee's membership on the Audit Committee.
- Review the Company's 2022 Proxy Statement (filed April 22, 2022) for details on standard director compensation.
- Check the press release (Exhibit 99.1) for additional context on the appointment.