secwatch.observer — SEC 8-K summary
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Issuer:     ALKALINE WATER Co INC (WTER)
CIK:        0001532390
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001062993-23-004786
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alkaline Water CEO Frank Lazaran steps down due to medical concerns; Frank Chessman appointed CEO and President
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- Frank Lazaran resigned as CEO and President effective Feb 20, 2023, due to unforeseen medical issues; remains on Board of Directors.
- Frank Chessman, formerly Director of Sales and Operations, appointed as new CEO and President effective same date.
- Chessman has been with the company since inception and led sales growth to ~$100M in retail sales in 2022.
- Chessman's salary increased by $25,000 annually to $277,000, effective Feb 1, 2023, per employment agreement terms.
- Chessman holds a B.S. from USC and has over 50 years of experience in sales, marketing, and operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532390/000106299323004786/0001062993-23-004786-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532390/000106299323004786/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-23-004786

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