---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-024332"
form_type: "8-K"
ticker: "REED"
cik: "0001140215"
company_name: "REED'S, INC."
filed_at: "2023-07-12T23:59:59+00:00"
generated_at: "2026-06-13T09:18:59.746487+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-024332
- form_type: 8-K
- ticker: REED
- cik: 0001140215
- company_name: REED'S, INC.
- filed_at: 2023-07-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140215/000149315223024332/0001493152-23-024332-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140215/000149315223024332/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-024332
- JSON: https://secwatch.observer/filing/0001493152-23-024332.json
- Plain text: https://secwatch.observer/filing/0001493152-23-024332.txt

## Key facts
- Executive change
  Leon M. Zaltzman resigned as director at REED'S, INC..
  - Action: resigned
  - Role: director
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315223024332/0001493152-23-024332-index.htm
- Executive change
  Shufen Deng was elected as director at REED'S, INC..
  - Action: elected
  - Role: director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140215/000149315223024332/0001493152-23-024332-index.htm

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