Zevia CEO Paddy Spence steps down; President Amy Taylor to become CEO effective Aug 1, 2022

Zevia PBC

Paddy Spence steps down as CEO effective Aug 1, 2022; remains Non-Executive Chair of the Board.
Amy Taylor, currently President and Board member, appointed CEO effective Aug 1, 2022; continues as President.
Taylor's new compensation: $600k base salary, target annual bonus 100% of base, $200k retention bonus, 463,745 stock options (half at market price, half at $7.50 premium).
Taylor's severance: 12-18 months of base plus target bonus on qualifying termination; enhanced change-in-control severance of 200% base plus target bonus.
Spence acquired Zevia in 2010; net sales grew at 31% CAGR to over 35 flavors and 31,000+ retail outlets.

item 5.02 item 9.01

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Appointed

Amy Taylor

Chief Executive Officer

ZVIA · Zevia PBC

Effective: 2022-08-01
Filed: June 16, 2022, 7:59 PM ET

the Board appointed Amy Taylor, the Company's current President and a member of the Board, to serve as CEO, effective August 1, 2022

Departed

Padraic "Paddy" Spence

Chief Executive Officer

ZVIA · Zevia PBC

Effective: 2022-08-01
Successor: Amy Taylor
Filed: June 16, 2022, 7:59 PM ET

announced that Padraic "Paddy" Spence, Chair of the Board of Directors (the "Board") and Chief Executive Officer ("CEO") of the Company, will step down as CEO effective August 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Amy Taylor was appointed as Chief Executive Officer at Zevia PBC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board appointed Amy Taylor, the Company's current President and a member of the Board, to serve as CEO, effective August 1, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Padraic "Paddy" Spence departed as Chief Executive Officer at Zevia PBC.

Action: step down
Role: Chief Executive Officer

Exact text from the filing

announced that Padraic "Paddy" Spence, Chair of the Board of Directors (the "Board") and Chief Executive Officer ("CEO") of the Company, will step down as CEO effective August 1, 2022.

View on SEC.gov

Zevia PBC filing history →

Source: SEC EDGAR

accession 0000950170-22-011748

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