David Guarino was appointed as Interim Chief Executive Officer and President at ALKALINE WATER Co INC.
“On the same date, we appointed David Guarino as our Interim Chief Executive Officer and President.”
ALKALINE WATER Co INC — fact timeline
Source-grounded facts extracted from ALKALINE WATER Co INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Frank Chessman resigned as President and Chief Executive Officer at ALKALINE WATER Co INC.
“Effective January 16, 2024, Frank Chessman resigned as the President and Chief Executive Officer of our company.”
Frank Lazaran resigned as Director and Chairman at ALKALINE WATER Co INC.
“Effective January 11, 2024, Frank Lazaran resigned as a director of the Company and Chairman of our board of directors.”
ALKALINE WATER Co INC received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“November 21, 2023, The Alkaline Water Company Inc. (the "Company") received a deficiency letter (the "Letter") from the Listing Qualifications Department of The Nasdaq Stock Market (the "Nasdaq"), notifying the Company that since the Company had not yet filed its Form 10-Q for the period ended September 30, 2023 (the "Form 10-Q"), it no longer complies with the Nasdaq's Listing Rule 5250(c)(1) (the "Rule") relating to the Company's obligation to file periodic financial reports for continued listing. The Letter stated that this matter serves as an additional basis for delisting the Company's se”
ALKALINE WATER Co INC entered into Exclusive Licensing, Co-packing and Distribution Agreement with Clean Bottling Inc. valued at US$200,000 fixed monthly royalty payment (effective 2023-10-17).
“On October 17, 2023, Alkaline 88, LLC (the " Company "), a wholly owned subsidiary of The Alkaline Water Company Inc., entered into an Exclusive Licensing, Co-packing and Distribution Agreement (the " License Agreement ") with Clean Bottling Inc. (" Clean Bottling ").”
ALKALINE WATER Co INC received a nasdaq delisting notice notice regarding market value (rules 5550(b)(2), 5550(b)(1), 5550(b)(3)).
“October 11, 2023 As previously reported on Form 8-K filed on April 19, 2023, on April 13, 2023, the Company received a deficiency letter from the Staff, notifying the Company that, for the previous 30 consecutive business days, the Company's minimum Market Value of Listed Securities ("MVLS") was below the minimum of US$35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2) (the "Market Value Standard"). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rules 5550(b)(1) Equity Standard and 5550(b)”
ALKALINE WATER Co INC received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“August 23, 2023, The Alkaline Water Company Inc. (the "Company") received a deficiency letter (the "Letter") from the Listing Qualifications Department of The Nasdaq Stock Market (the "Nasdaq"). The Letter notified the Company that since the Company had not yet filed its Form 10-Q for the period ended June 30, 2023 (the "Form 10-Q"), and because the Company did not timely file its Form 10-K for the fiscal year ended March 31, 2023 (the "Initial Delinquent Filing"), the Company does not comply with the Nasdaq's Listing Rule 5250(c)(1) (the "Rule") relating to the Company's obligation to file pe”
ALKALINE WATER Co INC received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“July 18, 2023, The Alkaline Water Company Inc. (the "Company") received a deficiency letter (the "Letter") from the Listing Qualifications Department of The Nasdaq Stock Market (the "Nasdaq"), notifying the Company that since the Company had not yet filed its Form 10-K for the year ended March 31, 2023 (the "Form 10-K"), it no longer complies with the Nasdaq's Listing Rule 5250(c)(1) (the "Rule") relating to the Company's obligation to file periodic financial reports for continued listing. The Letter stated that the Company has 60 calendar days to submit a plan (the "Plan") to regain complianc”
ALKALINE WATER Co INC received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5550(b)(1), 5550(b)(3)).
“April 13, 2023, The Alkaline Water Company Inc. (the "Company") received a deficiency letter from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that for the last 30 consecutive business days, the Company's minimum Market Value of Listed Securities ("MVLS") was below the minimum of US$35 million required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2) (the "Market Value Standard"). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rules 555”
ALKALINE WATER Co INC: Effected a fifteen for one reverse stock split, reducing authorized common stock from 200,000,000 to 13,333,333 shares and issued and outstanding shares from approximately 152,080,692 to 10,138,713 (effective 2023-04-05).
“Effective April 5, 2023, we effected a fifteen for one reverse stock split of our authorized and issued and outstanding shares of common stock.”
Ronald V. DaVella was appointed as Director at ALKALINE WATER Co INC.
“On March 17, 2023, we appointed Ronald V. DaVella as a director of our company.”
Frank Lazaran was appointed as Chairman of the board of directors at ALKALINE WATER Co INC.
“Effective as of the same date, our board of directors appointed Frank Lazaran, a current director and former President and Chief Executive Officer of our company as Chairman of our board of directors.”
Aaron Keay resigned as Chairman of the board of directors at ALKALINE WATER Co INC.
“Effective March 13, 2023, Aaron Keay resigned as a director of the Company and Chairman of our board of directors.”
ALKALINE WATER Co INC reported third quarter ended December 31, 2022 results: revenue $15.9 million, net income ($3.97 million), EPS ($0.03).
“Net revenue for the quarter ended December 31, 2022, was approximately $15.9 million, an increase of more than 21% compared to $13.1 million in the same period last year. Gross profit for the quarter was approximately $3.9 million, representing a gross margin of 24.7%, up 300 basis points from 21.7% in the second quarter fiscal year 2023. Total operating expenses were approximately $7.5 million, a 46% reduction compared to the same period last year. Total operating loss was approximately ($3.6 million), an improvement of more than 67% compared to ($10.9 million) in the same period last year. Net loss for the quarter was ($3.97 million), an improvement of 63% compared to the same period last year. Net loss per share was ($0.03) compared to ($0.10) in Q3 Fiscal 2022.”
ALKALINE WATER Co INC received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“February 22, 2023, The Alkaline Water Company Inc. (the "Company") received a letter (the "Letter") from the Listing Qualifications Department of The Nasdaq Stock Market (the "Nasdaq"), notifying the Company that since the Company had not yet filed its Form 10-Q for the period ended December 31, 2022, it no longer complies with the Nasdaq's Listing Rule 5250(c)(1) (the "Rule") relating to the Company's obligation to file periodic financial reports for continued listing. The Company has since satisfied this obligation by filing its delinquent Form 10-Q on February 28, 2023.”
Frank Chessman was appointed as Chief Executive Officer and President at ALKALINE WATER Co INC.
“On the same date, we appointed Frank Chessman as our Chief Executive Officer and President.”
Frank Lazaran resigned as President and Chief Executive Officer at ALKALINE WATER Co INC.
“Effective February 20, 2023, Frank Lazaran resigned as the President and Chief Executive Officer of our company.”
ALKALINE WATER Co INC: Designated 2,000,000 shares of authorized but unissued preferred stock as Series E Preferred Stock via Certificate of Designation (effective 2022-11-22).
“On November 22, 2022, we designated 2,000,000 shares of the authorized and unissued preferred stock of our company as "Series E Preferred Stock" by filing a Certificate of Designation with the Secretary of State of the State of Nevada.”
ALKALINE WATER Co INC reported Second Quarter Fiscal 2023 results: revenue $19.6 million, net income ($8.4 Million), EPS ($0.06). Guidance reaffirmed.
“Second Quarter Fiscal 2023 Financial Highlights (all amounts in U.S. dollars)(unaudited): Record revenue of $19.6 million, +28.3% year-over-year compared to $15.3 million Gross Profit was $4.6 million, 23.7% of revenue, up 295 BPS sequentially over first quarter Total Operating Expenses were $9.7 million, a 37% YoY improvement Total Operating Loss was ($5.1 million), a 50% YoY improvement Net Loss was ($8.4 Million), a $2 million YoY improvement Net Loss Per Share of ($0.06) compared to ($0.11) in Q1 Fiscal 2022 Cash Position on September 30, 2022 was approximately $2.3 million”
ALKALINE WATER Co INC received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).
“November 8, 2022, the Company received a determination letter (the "Letter") from the Staff stating that the Company has not regained compliance with the Minimum Bid Price Rule and is not eligible for a second 180 day period as the Company does not comply with the US$5,000,000 minimum stockholders' equity initial listing requirement for The Nasdaq Capital Market. The Letter stated that, unless the Company requests an appeal of this determination no later than 4:00 p.m. (Eastern time) on November 15, 2022, the Staff has determined that the Company's common stock will be scheduled for delisting”
ALKALINE WATER Co INC reported second quarter of fiscal year 2023 results: revenue approximately $19.6 million.
“SCOTTSDALE, Arizona, (11/10/2022)- The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage ® company, today announced it expects to report record revenue of approximately $19.6 million for the second quarter of fiscal year 2023, representing year-over-year growth of 28%.”
Frank Lazaran was appointed as Chief Executive Officer and President at ALKALINE WATER Co INC.
“On the same date, we appointed Frank Lazaran, the current director of our company, as our Chief Executive Officer and President.”
Richard A. Wright resigned as President and Chief Executive Officer at ALKALINE WATER Co INC.
“Effective June 2, 2022, Richard A. Wright resigned as a director and officer (including as the President and Chief Executive Officer) of our company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.