---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-22-014302"
form_type: "8-K"
ticker: "WTER"
cik: "0001532390"
company_name: "ALKALINE WATER Co INC"
filed_at: "2022-06-03T23:59:59+00:00"
generated_at: "2026-06-25T04:43:35.014442+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-22-014302
- form_type: 8-K
- ticker: WTER
- cik: 0001532390
- company_name: ALKALINE WATER Co INC
- filed_at: 2022-06-03T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532390/000106299322014302/0001062993-22-014302-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532390/000106299322014302/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-22-014302
- JSON: https://secwatch.observer/filing/0001062993-22-014302.json
- Plain text: https://secwatch.observer/filing/0001062993-22-014302.txt

## Key facts
- Executive change
  Frank Lazaran was appointed as Chief Executive Officer and President at ALKALINE WATER Co INC.
  - Action: appointed
  - Role: Chief Executive Officer and President
  source text: On the same date, we appointed Frank Lazaran, the current director of our company, as our Chief Executive Officer and President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1532390/000106299322014302/0001062993-22-014302-index.htm
- Executive change
  Richard A. Wright resigned as President and Chief Executive Officer at ALKALINE WATER Co INC.
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: Effective June 2, 2022, Richard A. Wright resigned as a director and officer (including as the President and Chief Executive Officer) of our company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1532390/000106299322014302/0001062993-22-014302-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.