Reed's director Leon Zaltzman resigns; largest shareholder's owner Shufen Deng elected to board

REED'S, INC.

Leon M. Zaltzman resigned from the board on July 7, 2023; will remain as a board observer.
Shufen Deng elected to fill the vacancy; she is sole shareholder of D&D, Reed's largest owner (~31.1%).
D&D was lead investor in March 2023 PIPE, purchasing ~1.16M shares and warrants for $3M.
Shareholders agreement grants D&D nomination rights for two board seats and cooperation on Asian market initiatives.

item 5.02

Executive movements

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Departed

Leon M. Zaltzman

director

REED · REED'S, INC.

Effective: 2023-07-07
Successor: Shufen Deng
Filed: July 12, 2023, 7:59 PM ET

On July 7, 2023, Leon M. Zaltzman resigned from the board of directors (the “board”) of Reed’s, Inc., a Delaware corporation (the “company” or “Reed’s”).

Appointed

Shufen Deng

director

REED · REED'S, INC.

Effective: 2023-07-07
Filed: July 12, 2023, 7:59 PM ET

upon recommendation from the governance committee of the board, the board elected Shufen Deng to serve as a director to fill the vacancy created on the board by Mr. Zaltzman’s resignation.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Leon M. Zaltzman resigned as director at REED'S, INC..

Action: resigned
Role: director

Exact text from the filing

On July 7, 2023, Leon M. Zaltzman resigned from the board of directors (the “board”) of Reed’s, Inc., a Delaware corporation (the “company” or “Reed’s”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Shufen Deng was elected as director at REED'S, INC..

Action: elected
Role: director

Exact text from the filing

upon recommendation from the governance committee of the board, the board elected Shufen Deng to serve as a director to fill the vacancy created on the board by Mr. Zaltzman’s resignation.

View on SEC.gov

REED'S, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-024332

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