8-K 1 form8-k.htm

 

 

 

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): December 5, 2016

 

Reed’s Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-32501   35-2177773
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

1300 South Spring Street, Los Angeles, California 90061

(Address of principal executive offices and zip code)

 

Not applicable

(Former name or former address if changed since last report)

 

Registrant’s telephone number, including area code: (310) 217-9400

 

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:

 

[  ] 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))

 

 

 

   
  

 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

At the Reed’s Inc. (The Company) November 29, 2016 Annual Meeting of Shareholders, the Company’s shareholders elected all board of directors nominated by the board.

 

This was originally a contested election; however the Company did not enter into a settlement with the contestants; the contestants withdrew their nominations of director candidates 13 days before the meeting.

 

In addition, the shareholders ratified the selection of Weinberg & Company, P. A. as the Company’s independent registered public accounting firm for fiscal 2017, approved the advisory of the Company’s executive compensation, approved the re-pricing of stock options and amended the by-laws for advanced notice of resignations by directors. The Company’s shareholders turned down a shareholder proposals entitled “Independent Board Chairman” and “Shareholder Proxy Access”.

 

Of the 13,973,726 shares of common stock outstanding on the record date of October 24, 2016, a total of 12,777,975 shares were voted in person or by proxy, representing 90.8% of the votes entitled to be cast, constituting a majority and therefore more than a quorum of the outstanding shares entitled to vote. Votes were cast as follows:

 

1. Election of Directors

 

       Vote   Votes   Broker 
   Vote For   Against   Withheld   Non-Vote 
Christopher J. Reed   5,924,916    -    1,785,076    5,067,983 
John Bello   7,284,434    -    425,558    5,067,983 
Stefan Freeman   7,284,534    -    425,458    5,067,983 
Lewis Jaffe   7,284,504    -    425,488    5,067,983 
Charles Cargile   7,284,534    -    425,458    5,067,983 

 

2. Proposal to ratify the selection of Weinberg & Company, P. A. as the Company’s independent registered public accounting firm for fiscal 2015 &2016.

 

       Vote       Broker 
   Vote For   Against   Abstentions   Non-Vote 
2017   9,823,654    2,899,502    54,819    - 

 

3. Ratify Executive Compensation

 

   Vote       Broker 
Vote For  Against   Abstentions   Non-Vote 
6,571,316   165,448    973,228    5,067,983 

 

4. Reeds Stock Repricing

 

   Vote       Broker 
Vote For  Against   Abstentions   Non-Vote 
5,100,499   2,593,769    15,724    5,067,983 

 

5. Director advanced notice

 

   Vote       Broker 
Vote For  Against   Abstentions   Non-Vote 
7,304,431   376,154    29,407    5,067,983 

 

6. Shareholder Proposal entitled “Independent Board Chairman”.

 

   Vote       Broker 
Vote For  Against   Abstentions   Non-Vote 
2,437,633   5,199,089    73,270    5,067,983 

 

7. Shareholder Proposal entitled “Shareholder Proxy Access”.

 

   Vote       Broker 
Vote For  Against   Abstentions   Non-Vote 
2,506,585   5,094,354    109,053    5,067,983 

 

   
 

 

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, thereunto duly authorized.

 

  REEDS, INC.,
  a Delaware corporation
     
Dated: December 5, 2016 By: /s/ Daniel Miles
    Daniel Miles,
    Chief Financial Officer