Splash Beverage Group Appoints New CFO
Ticker: SBEVW · Form: 8-K · Filed: Mar 1, 2024 · CIK: 1553788
| Field | Detail |
|---|---|
| Company | Splash Beverage Group, Inc. (SBEVW) |
| Form Type | 8-K |
| Filed Date | Mar 1, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $5,000, $120,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo
Related Tickers: SBEV
TL;DR
Splash Beverage Group just hired a new CFO, Robert L. Johnson.
AI Summary
Splash Beverage Group, Inc. announced on February 26, 2024, the appointment of Robert L. Johnson as Chief Financial Officer. Johnson brings extensive financial leadership experience, including his prior role as CFO at a publicly traded company.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.
Key Players & Entities
- Splash Beverage Group, Inc. (company) — Company filing the report
- Robert L. Johnson (person) — Newly appointed Chief Financial Officer
- February 26, 2024 (date) — Date of the earliest event reported
FAQ
Who has been appointed as the new Chief Financial Officer of Splash Beverage Group, Inc.?
Robert L. Johnson has been appointed as the new Chief Financial Officer.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is February 26, 2024.
What is the company's state of incorporation?
The company is incorporated in Nevada.
What is the IRS Employer Identification Number for Splash Beverage Group, Inc.?
The IRS Employer Identification Number is 34-1720075.
What is the business address of Splash Beverage Group, Inc.?
The business address is 1314 East Las Olas Blvd, Suite 221, Fort Lauderdale, FL 33301.
Filing Stats: 848 words · 3 min read · ~3 pages · Grade level 10.7 · Accepted 2024-03-01 15:34:19
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share SBEV NYSE American LLC
- $5,000 — a monthly cash stipend in the amount of $5,000. A press release announcing Dr. Paglia'
- $120,000 — icipant and the amount involved exceeds $120,000, and in which any related person had or
Filing Documents
- e5459_8-k.htm (8-K) — 33KB
- e5459_ex99-1.htm (EX-99.1) — 10KB
- 0001731122-24-000330.txt ( ) — 261KB
- sbev-20240226.xsd (EX-101.SCH) — 4KB
- sbev-20240226_def.xml (EX-101.DEF) — 26KB
- sbev-20240226_lab.xml (EX-101.LAB) — 36KB
- sbev-20240226_pre.xml (EX-101.PRE) — 25KB
- e5459_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 February 26, 2024, the Board of Directors of Splash Beverage Group, Inc. (the "Company") appointed Dr. John Paglia to serve as a Director of the Company, effective as of the same date. Prior to joining the Company, Dr. Paglia, age 56, is currently an independent director, Audit Committee Chair and a member of the Nominating & Corporate Governance and Compensation Committee of Simulations Plus, Inc., from 2014 to present. Mr. Paglia is also an independent director, Audit Committee Chair and a member of the Nominating & Corporate Governance and Compensation Committee of Aeluma, Inc., from 2021 to present. Additionally, Dr. Paglia is currently on the Advisory Board of multiple companies, including SUM Ventures, Axxes Capital Inc., VitaNav Inc., and DigiLife Fund, among others. Dr. Paglia, a Professor of Finance, currently works at Pepperdine University in various positions, which have included Senior Associate Dean and Executive Director, since 2000-present. Dr. Paglia has a Doctor of Philosophy in Business Administration, from the University of Kentucky, a Master of Business Administration from Gannon University, a Bachelor of Science from Gannon University, and is also a Certified Public Accountant and Charted Financial Analyst. In connection with Dr. Paglia's appointment as a Director of the Company, Dr. Paglia has been granted an option under the Company's 2020 Long-Term Incentive Compensation Plan (the "Plan") to purchase 600,000 shares of the Company's common stock at an exercise price equal to the closing stock price on February 26, 2024. The Options shall vest as follows: 200,000 upon execution of Dr. Paglia's offer letter; and 50,000 per quarter for the next 8 quarters beginning May 23, 2024, and concluding February 25, 2026. Additionally, Dr. Paglia will receive a monthly cash stipend in the amoun
01 Financial Statements
Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release of John Paglia's Appointment, dated March 1, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. SPLASH BEVERAGE GROUP, INC. Dated: March 1, 2024 By: /s/ Robert Nistico Name: Robert Nistico Title: Chief Executive Officer