Reed's CEO Cyril A. Wallace Jr. resigns; COO Neal M. Cohane named interim CEO

REED'S, INC.

Wallace resigned as CEO and director effective March 24, 2026; remains employee through March 31.
Departure not due to any disagreement with the Company's operations, policies, or practices.
Board appointed Neal M. Cohane, current COO, as interim CEO and to fill the board vacancy.
Cohane, 65, has served as COO since January 2026; previously CSO at Reed's (2007-2022) and roles at PepsiCo, SoBe, Coca-Cola.
Cohane entered the Company's standard form of indemnification agreement.

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