Jones Soda appoints David Knight as President and CEO; Mark Murray retires June 23, 2023

JONES SODA CO.

Mark Murray retires as CEO effective June 23, 2023; receives severance of $221,346 plus health benefits through 2023.
David Knight, age 59, appointed as President and CEO effective June 23, 2023, with 37 years of experience at PepsiCo, eBay, and others.
Knight will receive base salary of $350,000, eligible for annual cash bonus up to $350,000 tied to revenue target of $23.452M and EBITDA target of -$959,000.
Knight granted non-qualified stock options to purchase 4 million shares under the 2022 Omnibus Equity Plan, vesting over three years.
Murray remains on the board; severance includes continuation of vested stock options and unvested RSUs while a director.

item 5.02 item 9.01

Executive movements

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Departed

Mark Murray

President and Chief Executive Officer

JSDA · JONES SODA CO.

Effective: 2023-06-23
Successor: David Knight
Filed: June 13, 2023, 7:59 PM ET

Mark Murray intends to retire as the Company's President and Chief Executive Officer, effective June 23, 2023

Appointed

David Knight

President and Chief Executive Officer

JSDA · JONES SODA CO.

Effective: 2023-06-23
Filed: June 13, 2023, 7:59 PM ET

the Board of Directors (the "Board") of the Company had appointed David Knight, age 59, to succeed Mr. Murray as the Company's President and Chief Executive Officer, effective June 23, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Murray departed as President and Chief Executive Officer at JONES SODA CO..

Action: retires
Role: President and Chief Executive Officer

Exact text from the filing

Mark Murray intends to retire as the Company's President and Chief Executive Officer, effective June 23, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Knight was appointed as President and Chief Executive Officer at JONES SODA CO..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board of Directors (the "Board") of the Company had appointed David Knight, age 59, to succeed Mr. Murray as the Company's President and Chief Executive Officer, effective June 23, 2023

View on SEC.gov

JONES SODA CO. filing history →

Source: SEC EDGAR

accession 0001437749-23-017219

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