Vita Coco Names New Director, CEO Compensation Details
Ticker: COCO · Form: 8-K · Filed: 2024-08-05T00:00:00.000Z
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
TL;DR
Vita Coco board shakeup: Kirban joins as director, new CEO pay details filed.
AI Summary
The Vita Coco Company, Inc. announced on August 5, 2024, changes in its board of directors and executive compensation. Specifically, the company elected Michael J. Kirban as a Class II Director and appointed him to the Compensation Committee. Additionally, the company entered into a new employment agreement with its CEO, Michael J. Kirban, effective August 5, 2024, detailing his compensation and benefits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance and executive compensation changes, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- The Vita Coco Company, Inc. (company) — Registrant
- Michael J. Kirban (person) — Elected Class II Director and appointed to Compensation Committee, also CEO
- August 5, 2024 (date) — Effective date of director election and new employment agreement
- 250 Park Avenue South (location) — Company's business and mailing address
FAQ
Who was elected as a Class II Director for The Vita Coco Company, Inc.?
Michael J. Kirban was elected as a Class II Director.
What committee was Michael J. Kirban appointed to?
Michael J. Kirban was appointed to the Compensation Committee.
When was the new employment agreement for the CEO effective?
The new employment agreement for the CEO was effective August 5, 2024.
What is the company's principal executive office address?
The company's principal executive office is located at 250 Park Avenue South, Seventh Floor, New York, NY 10003.
What is the Standard Industrial Classification for The Vita Coco Company, Inc.?
The Standard Industrial Classification for The Vita Coco Company, Inc. is BEVERAGES [2080].
Filing Stats: 656 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-08-05 17:04:29
Key Financial Figures
- $0.01 — ge on which registered Common Stock, $0.01 par value per share COCO The Nasdaq
Filing Documents
- coco-20240805.htm (8-K) — 26KB
- 0001482981-24-000105.txt ( ) — 152KB
- coco-20240805.xsd (EX-101.SCH) — 2KB
- coco-20240805_lab.xml (EX-101.LAB) — 23KB
- coco-20240805_pre.xml (EX-101.PRE) — 13KB
- coco-20240805_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES 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. THE VITA COCO COMPANY, INC. Date: August 5, 2024 By: /s/ Yolanda Goettsch Name: Yolanda Goettsch Title: General Counsel & Secretary