secwatch.observer — SEC 8-K summary
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Issuer:     REED'S, INC. (REED)
CIK:        0001140215
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001493152-24-028355
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Reed's appoints Jerry Lewin as independent director; board expands to 8 seats
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- Board increased from 7 to 8 seats; Jerry Lewin appointed to fill the new vacancy effective July 12, 2024.
- Lewin is an independent designee of D&D Source of Life Holding, Reed's largest stockholder.
- D&D invested $3M in Reed's PIPE (March 2023) and $3M via SAFE (Feb 2024), earning a second independent director right.
- Lewin will receive standard board compensation of $50,000 per year, pro-rated quarterly; no committee assignments yet.
- D&D's director nomination rights continue while it holds 25% or more of Reed's common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140215/000149315224028355/0001493152-24-028355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140215/000149315224028355/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-028355

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