secwatch.observer — SEC 8-K summary
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Issuer:     REED'S, INC. (REED)
CIK:        0001140215
Form:       8-K
Filed at:   2023-07-12T23:59:59+00:00
Accession:  0001493152-23-024332
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140215/000149315223024332/0001493152-23-024332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140215/000149315223024332/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-024332

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer