Zevia PBC Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Zevia PBC on April 7, 2022, covering events occurring on April 2 and April 5, 2022. The Company is an emerging growth company incorporated in Delaware, with its principal executive offices in Encino, California. Its Class A common stock trades on the New York Stock Exchange under the symbol ZVIA.
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 personnel changes rather than financial performance.
Material Changes
- Executive Departure: Harry "Hank" M. Margolis, Chief Operating Officer, notified the Company on April 2, 2022, of his intention to retire effective one year from that date (April 2, 2023).
- Board Change: Brian W. McGuigan, a member of the Board of Directors, notified the Company on April 5, 2022, that he will not stand for reelection at the 2022 annual meeting of stockholders. He will continue to serve until the expiration of his term at that meeting.
Guidance, Outlook, and Risks
The filing states that Mr. McGuigan's decision not to seek reelection was not based upon any disagreement with the Company or on any matters relating to the Company's operations, policies, or practices. No financial guidance, outlook, or specific risk factors were disclosed in this document.
Investor Verification Checklist
- Confirm the timeline for the transition of the Chief Operating Officer role following Mr. Margolis's retirement announcement.
- Verify the Company's plan to nominate a replacement director for Mr. McGuigan prior to the 2022 annual meeting.
- Review the Company's most recent 10-K or 10-Q filings for current financial performance data, as this 8-K contains no financial metrics.