---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-017219"
form_type: "8-K"
ticker: "JSDA"
cik: "0001083522"
company_name: "JONES SODA CO."
filed_at: "2023-06-13T23:59:59+00:00"
generated_at: "2026-06-14T01:48:35.279300+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-017219
- form_type: 8-K
- ticker: JSDA
- cik: 0001083522
- company_name: JONES SODA CO.
- filed_at: 2023-06-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083522/000143774923017219/0001437749-23-017219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083522/000143774923017219/jsda20230612_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-017219
- JSON: https://secwatch.observer/filing/0001437749-23-017219.json
- Plain text: https://secwatch.observer/filing/0001437749-23-017219.txt

## Key facts
- Executive change
  Mark Murray departed as President and Chief Executive Officer at JONES SODA CO..
  - Action: retires
  - Role: President and Chief Executive Officer
  source text: Mark Murray intends to retire as the Company's President and Chief Executive Officer, effective June 23, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083522/000143774923017219/0001437749-23-017219-index.htm
- Executive change
  David Knight was appointed as President and Chief Executive Officer at JONES SODA CO..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083522/000143774923017219/0001437749-23-017219-index.htm

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