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REED > SEC Filings for REED > Form 8-K on 30-May-2014All Recent SEC Filings

Show all filings for REED'S INC

Form 8-K for REED'S INC


Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On May 22, 2014, David Williams was terminated as Interim Chief Financial Officer of Reed's Inc., a Delaware corporation ("Reed's" or the "Company"), effective immediately.

(c) On May 27, 2014, Reed's engaged Lawrence W. Tomsic, age 61, to serve as its Interim Chief Financial Officer. Mr. Tomsic is a Certified Public Accountant and has extensive experience as a chief financial officer, controller, and auditor, providing expertise to public, private and non-profit companies. Mr. Tomsic has worked most recently as a consultant since May 2012. Mr. Tomsic worked as an independent contractor as a consulting CFO for small companies from May 2012 to May 2014. Mr. Tomsic served as Chief Financial Officer of LiveDeal, Inc. (LIVE) which is a NASDAQ Listed SEC company, a provider of internet based website development, web hosting and advertising services from November 2009 to May 2012. He worked as a consulting CFO partner with B2BCFO in 2009, as Controller with Alliance Residential in 2008, and as a consulting CFO from 2006 - 2008. From 1997 to 2006, he served as Chief Financial Officer for John R. Wood, Inc. a luxury real estate broker. Mr. Tomsic received a bachelor degree in Accounting from the University of Delaware in 1975 and a Master's degree in Business Administration from the University of Denver in 1976.

Mr. Tomsic has not previously worked with Reed's. There are no family relationships between Mr. Tomsic and any director or other executive officer of the Company. Other than this interim arrangement for a monthly consulting fee of $15,000, there are no material plans, contracts or arrangement, compensatory or otherwise, between Reed's and Mr. Tomsic. There are no arrangements or understandings between Mr. Tomsic and any person pursuant to which he was selected as Chief Financial Officer. Other than the relationship described herein, there is no currently proposed transaction in which the Reed's was, is or will be a participant and in which Mr. Tomsic had, has or will have a direct or indirect material interest.

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