secwatch.observer — SEC 8-K summary
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Issuer:     Zevia PBC (ZVIA)
CIK:        0001854139
Form:       8-K
Filed at:   2022-06-16T23:59:59+00:00
Accession:  0000950170-22-011748
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854139/000095017022011748/0000950170-22-011748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854139/000095017022011748/zvia-20220615.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-011748

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer