Alkaline Water appoints Frank Lazaran as CEO; Richard Wright resigns with $550K severance

ALKALINE WATER Co INC

CEO Richard Wright resigned June 2, 2022; replaced by director Frank Lazaran (40-year retail veteran, former CEO of Winn-Dixie and Marsh Supermarkets).
Separation agreement includes $550,000.08 total severance (lump sum $275,000.04 plus 24 monthly payments of $11,458.33).
Wright to receive extended stock option exercise period through May 31, 2024, and 100,000 fully vested RSUs.
Press release emphasizes renewed focus on profitability and plans to disclose pathway to profitability in near future.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Frank Lazaran

Chief Executive Officer and President

WTER · ALKALINE WATER Co INC

Effective: 2022-06-02
Filed: June 3, 2022, 7:59 PM ET

On the same date, we appointed Frank Lazaran, the current director of our company, as our Chief Executive Officer and President.

Departed

Richard A. Wright

President and Chief Executive Officer

WTER · ALKALINE WATER Co INC

Effective: 2022-06-02
Successor: Frank Lazaran
Filed: June 3, 2022, 7:59 PM ET

Effective June 2, 2022, Richard A. Wright resigned as a director and officer (including as the President and Chief Executive Officer) of our company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Frank Lazaran was appointed as Chief Executive Officer and President at ALKALINE WATER Co INC.

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

On the same date, we appointed Frank Lazaran, the current director of our company, as our Chief Executive Officer and President.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard A. Wright resigned as President and Chief Executive Officer at ALKALINE WATER Co INC.

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Effective June 2, 2022, Richard A. Wright resigned as a director and officer (including as the President and Chief Executive Officer) of our company.

View on SEC.gov

ALKALINE WATER Co INC filing history →

Source: SEC EDGAR

accession 0001062993-22-014302

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