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 December 15, 2023, regarding events occurring on December 12, 2023. The filing details the final voting results from the company's 2023 Annual Meeting of Stockholders.
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 voting outcomes.
Material Changes and Voting Results
At the Annual Meeting, 2,516,781 shares were represented, constituting 60.37% of the 4,169,131 shares outstanding on the record date. This represented a majority and established a quorum. Stockholders approved the following:
- Director Elections: All seven nominees were elected to the Board of Directors for a one-year term. The nominees are John J. Bello, Norman E. Snyder, Jr., Lewis Jaffe, Randle Lee Edwards, Louis Imbrogno, Jr., Shufen Deng, and Thomas W. Kosler.
- Auditor Ratification: Stockholders ratified the appointment of Weinberg & Company, P.A. as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
Voting Breakdown
| Proposal | For | Against | Abstentions | Non-Votes |
|---|---|---|---|---|
| Election of Directors (Aggregate) | ~17.1M (Total across all 7) | ~266K (Total across all 7) | ~14.9K (Total across all 7) | 249K (Total across all 7) |
| Auditor Ratification | 2,486,360 | 24,841 | 5,579 | N/A |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the tenure of the newly elected directors, specifically noting the one-year term structure.
- Confirm the engagement of Weinberg & Company, P.A. for the 2024 fiscal year audit.
- Note that Lewis Jaffe received the highest number of "Against" votes (59,079) among the director nominees, though still elected.
- Review the company's subsequent 10-K or 10-Q filings for the financial metrics absent in this 8-K.