8-Kfiled November 1, 2024, 7:59 PM ETticker REEDCIK 0001140215
other materialconfidence highsentiment negativemateriality 0.80
Three directors resign from Reed's board; Whitebox transfers secured notes to majority stockholder
REED'S, INC.
John J. Bello (Chairman), Louis Imbrogno, Jr., and Thomas W. Kosler resigned from board on Oct 28-29, 2024.
Bello had been Chairman and served on operating committee; Kosler was audit committee chair; Imbrogno served on governance, audit, and compensation committees.
On Oct 10, 2024, Whitebox funds sold their entire interests in eight secured promissory notes of Reed's to majority stockholder D&D Source of Life Holding Ltd.
The notes are secured by substantially all of Reed's assets, including intellectual property.
On October 28, John J. Bello and Louis Imbrogno, Jr. resigned from the board of directors (“board”) of Reed’s, Inc., a Delaware corporation (“Reed’s”).
On October 28, John J. Bello and Louis Imbrogno, Jr. resigned from the board of directors (“board”) of Reed’s, Inc., a Delaware corporation (“Reed’s”).
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Louis Imbrogno, Jr. resigned as Director at REED'S, INC..
Action
resigned
Role
Director
Exact text from the filing
On October 28, John J. Bello and Louis Imbrogno, Jr. resigned from the board of directors (“board”) of Reed’s, Inc., a Delaware corporation (“Reed’s”).
John J. Bello resigned as Chairman of the Board at REED'S, INC..
Action
resigned
Role
Chairman of the Board
Exact text from the filing
On October 28, John J. Bello and Louis Imbrogno, Jr. resigned from the board of directors (“board”) of Reed’s, Inc., a Delaware corporation (“Reed’s”).
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