Business Context and Reporting Period
This Form 8-K filing by REED's, INC. (NYSE American: REED) reports a significant change in executive leadership and board composition. The report date is March 23, 2026, covering events effective March 24, 2026.
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.
Material Changes
- CEO Departure: Cyril A. Wallace, Jr. resigned as Chief Executive Officer, principal executive officer, and Board member effective March 24, 2026. He will remain an employee until March 31, 2026.
- Reason for Departure: The resignation is not the result of any disagreement with the Company regarding operations, policies, or practices.
- Interim CEO Appointment: Neal M. Cohane, currently the Chief Operating Officer (since January 2026), was appointed as interim Chief Executive Officer and principal executive officer effective March 24, 2026.
- Board Appointment: Mr. Cohane was also appointed to the Board of Directors to fill the vacancy created by Mr. Wallace's departure, serving until the 2026 annual meeting or until a successor is appointed.
Outlook, Risks, and Management Commentary
The filing confirms no related party transactions requiring disclosure under Item 404(a) of Regulation S-K involving Mr. Cohane. Mr. Cohane has entered into the Company's standard indemnification agreement. His background includes roles as Chief Sales Officer at Eastroc Beverage (2025), founder of Rootstock Brands (2023-2025), and previous tenure as Chief Sales Officer for REED's (2007-2022), as well as experience at PepsiCo, SoBe, and Coca-Cola.
Investor Verification Checklist
- Verify the timeline for the search for a permanent CEO versus the interim arrangement.
- Review the Company's 10-K filed on April 1, 2024, for the standard indemnification agreement referenced in this filing.
- Monitor upcoming announcements regarding the 2026 annual meeting of stockholders for the finalization of the Board composition.
- Confirm if Mr. Wallace's departure triggers any specific severance or compensation clauses not detailed in this summary.