SBEV Files 8-K on Officer/Director Changes, Compensation

TL;DR

**SBEV just filed an 8-K about leadership changes and compensation, keep an eye on what this means for future strategy.**

AI Summary

SPLASH BEVERAGE GROUP, INC. (SBEV) filed an 8-K on January 30, 2024, reporting an event that occurred on January 24, 2024. This filing primarily covers the departure or election of directors/officers and their compensatory arrangements, along with financial statements and exhibits. While specific names or dollar amounts for these changes are not detailed in the provided text, the filing indicates a change in leadership or compensation structure. This matters to investors as changes in management or executive pay can signal shifts in company strategy, financial health, or future performance, potentially impacting the stock's value.

Why It Matters

Changes in a company's leadership or executive compensation can significantly influence its strategic direction and financial stability, directly affecting investor confidence and stock performance.

Risk Assessment

Risk Level: medium — The filing indicates changes in leadership or compensation, which can introduce uncertainty but also potential for positive strategic shifts, making it a medium risk.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the personnel changes and compensation structures, as these could provide clearer insights into the company's future direction and potential impact on stock performance.

Key Numbers

• January 24, 2024 — Date of earliest event reported (when the reported changes in directors/officers or compensatory arrangements occurred)
• January 30, 2024 — Filing date (when the 8-K was officially filed with the SEC)
• 001-40471 — Commission File Number (unique identifier for SPLASH BEVERAGE GROUP, INC. with the SEC)
• 954-745-5815 — Business Phone Number (contact number for SPLASH BEVERAGE GROUP, INC.)

Key Players & Entities

• SPLASH BEVERAGE GROUP, INC. (company) — the registrant filing the 8-K
• Nevada (company) — state of incorporation for SPLASH BEVERAGE GROUP, INC.
• Fort Lauderdale, Florida (company) — principal executive offices location for SPLASH BEVERAGE GROUP, INC.
• Canfield Medical Supply, Inc. (company) — former name of SPLASH BEVERAGE GROUP, INC.

Forward-Looking Statements

• SPLASH BEVERAGE GROUP, INC. will provide more specific details about the leadership changes and compensatory arrangements in future filings or press releases. (SPLASH BEVERAGE GROUP, INC.) — medium confidence, target: Q1 2024
• The changes in leadership or compensation could lead to a shift in the company's operational strategy. (SPLASH BEVERAGE GROUP, INC.) — low confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share SBEV NYSE American LLC
• $120,000 — icipant and the amount involved exceeds $120,000, and in which any related person had or

Filing Documents

• e5393_8-k.htm (8-K) — 31KB
• e5393_ex10-1.htm (EX-10.1) — 210KB
• image_003.gif (GRAPHIC) — 0KB
• image_005.gif (GRAPHIC) — 1KB
• 0001731122-24-000180.txt ( ) — 489KB
• sbev-20240124.xsd (EX-101.SCH) — 4KB
• sbev-20240124_def.xml (EX-101.DEF) — 26KB
• sbev-20240124_lab.xml (EX-101.LAB) — 36KB
• sbev-20240124_pre.xml (EX-101.PRE) — 25KB
• e5393_8-k_htm.xml (XML) — 6KB

02 Departure of Directors or Certain Officers;

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 24, 2024, the Board of Directors of Splash Beverage Group, Inc. (the "Company") appointed Ms. Stacy McLaughlin to serve as Chief Financial Officer of the Company, effective as of the same date. Prior to joining the Company, Ms. McLaughlin, 42, was the Chief Financial Officer of Material Technologies, Corp. from 2022 to 2023. From 2013 to 2021, Ms. McLaughlin was the Vice President and Chief Financial Officer of Willdan Group, Inc. (Willdan), and prior to that, she was their Compliance Manager from 2010 to 2013. During her tenure at Willdan, she was responsible for accounting and finance functions, SEC reporting, investor relations, treasury, and managed a follow-on equity offering. Prior to Willdan, Ms. McLaughlin was, from 2009 to 2010, Senior Associate at Windes & McClaughry Accountancy Corporation and, from 2004 to 2009, Senior Audit Associate at the public accounting firm KPMG LLP. Ms. McLaughlin has a Masters in Accounting from the University of Southern California and BS from the University of Arizona. Ms. McLaughlin is a Certified Public Accountant (CPA). There is no family relationship between Ms. McLaughlin and any director or executive officer of the Company. There are no transactions between Ms. McLaughlin and the Company that would be required to be reported under Item 404(a) of Regulation S-K. There is no arrangement or understanding between Ms. McLaughlin and any other persons, pursuant to which she was selected as Chief Financial Officer. Ms. McLaughlin has not engaged in any transaction, or any currently proposed transaction, in which the Company was or is to be a participant and the amount involved exceeds $120,000, and in which any related person had or will have a direct or indirect material interest. There are no family relationships between Ms. McLaughlin and any director or

View Full Filing

View this 8-K filing on SEC EDGAR