secwatch.observer — SEC 8-K summary
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Issuer:     ALKALINE WATER Co INC (WTER)
CIK:        0001532390
Form:       8-K
Filed at:   2022-06-03T23:59:59+00:00
Accession:  0001062993-22-014302
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532390/000106299322014302/0001062993-22-014302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532390/000106299322014302/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-22-014302

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