Celsius Holdings Announces Board Changes and Officer Compensation
Ticker: CELH · Form: 8-K · Filed: Mar 28, 2024 · CIK: 1341766
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: CELH
TL;DR
CELH board shakeup: director out, director in, exec pay details filed.
AI Summary
On March 28, 2024, Celsius Holdings, Inc. (CELH) filed an 8-K to report changes in its board of directors and executive compensation. Specifically, the company announced the departure of director John Patrick Carroll and the appointment of new director Scott Douglas. Additionally, the filing details the compensatory arrangements for certain officers, though specific dollar amounts for these arrangements are not detailed in this excerpt.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes, while common, can introduce uncertainty about future strategic direction and operational stability.
Key Players & Entities
- Celsius Holdings, Inc. (company) — Registrant
- John Patrick Carroll (person) — Departing Director
- Scott Douglas (person) — Appointed Director
- March 28, 2024 (date) — Report Date
FAQ
Who has departed from the Celsius Holdings, Inc. board of directors?
John Patrick Carroll has departed from the board of directors.
Who has been appointed as a new director to the Celsius Holdings, Inc. board?
Scott Douglas has been appointed as a new director.
What is the exact date of this 8-K filing?
The filing date is March 28, 2024.
What is the principal executive office address for Celsius Holdings, Inc.?
The principal executive office is located at 2424 N Federal Highway, Suite 208, Boca Raton, Florida 33431.
What other items are covered in this 8-K filing besides director departures and appointments?
The filing also covers the election of directors and compensatory arrangements of certain officers.
Filing Stats: 421 words · 2 min read · ~1 pages · Grade level 11.6 · Accepted 2024-03-28 17:27:43
Key Financial Figures
- $0.001 — ange on Which Registered Common Stock, $0.001 par value per share CELH Nasdaq Capital
Filing Documents
- celh-20240328.htm (8-K) — 21KB
- 0001628280-24-013662.txt ( ) — 174KB
- celh-20240328.xsd (EX-101.SCH) — 2KB
- celh-20240328_def.xml (EX-101.DEF) — 15KB
- celh-20240328_lab.xml (EX-101.LAB) — 26KB
- celh-20240328_pre.xml (EX-101.PRE) — 16KB
- celh-20240328_htm.xml (XML) — 3KB
From the Filing
celh-20240328 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 28, 2024 CELSIUS HOLDINGS, INC. (Exact name of registrant as specified in its charter) Nevada 001-34611 20-2745790 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 2424 N Federal Highway , Suite 208 , Boca Raton , Florida 33431 (Address of principal executive offices and zip code) ( 561 ) 276-2239 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, $0.001 par value per share CELH Nasdaq Capital Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 28, 2024, Mr. Alexandre Ruberti notified Celsius Holdings, Inc. (the "Company") that he is resigning from the Company's Board of Directors (the "Board"), effective immediately, for personal reasons. Mr. Ruberti's seat on the Board will remain vacant until the Board determines whether to fill the seat and a successor candidate is identified. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CELSIUS HOLDINGS, INC. Date: March 28, 2024 By: /s/ Richard Mattessich Richard Mattessich, Chief Legal Officer