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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/26/24 Splash Beverage Group, Inc. 8-K:5,7,9 4/24/24 13:409K Electro Filings LLC/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 32K 2: EX-10.1 Material Contract HTML 136K 3: EX-99.1 Miscellaneous Exhibit HTML 12K 8: R1 Cover HTML 49K 10: XML IDEA XML File -- Filing Summary XML 12K 13: XML XBRL Instance -- e5621_8-k_htm XML 21K 9: EXCEL IDEA Workbook of Financial Report Info XLSX 8K 5: EX-101.DEF XBRL Definitions -- sbev-20240424_def XML 74K 6: EX-101.LAB XBRL Labels -- sbev-20240424_lab XML 103K 7: EX-101.PRE XBRL Presentations -- sbev-20240424_pre XML 71K 4: EX-101.SCH XBRL Schema -- sbev-20240424 XSD 14K 11: JSON XBRL Instance as JSON Data -- MetaLinks 27± 37K 12: ZIP XBRL Zipped Folder -- 0001731122-24-000700-xbrl Zip 50K
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): i April 24, 2024
| i SPLASH BEVERAGE GROUP, INC. |
| (Exact Name of Registrant as Specified in Its Charter) |
| i Nevada |
| (State or Other Jurisdiction of Incorporation) |
| i 001-40471 | i 34-1720075 | |
| (Commission File Number) | (IRS Employer Identification No.) |
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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective April 24, 2024, the Board of Directors of Splash Beverage Group, Inc. (the “Company”) appointed Julius Ivancsits to serve as Chief Financial Officer of the Company.
Prior to joining the Company, Mr. Ivancsits was the Chief Financial Officer of HEXO Corporation, from May 2022 to July 2023, assisting HEXO in its successful sale to Tilray brands in 2023. He founded and has been serving as the managing director at endurance CFO Advisory Services since the HEXO sale. Prior to his time at HEXO he served as the Chief Financial Officer at Goba Capital from 2021 until 2022, as the Chief Financial Officer at AlpHa Measurement Solutions, LLC from 2019 until 2021, and as the Chief Financial Officer at Be Green Packaging from 2017 until 2019. He also served in multiple roles at CPKelco with progressively increasing experience. Mr. Ivancsits has a BS in Business from Eastern Illinois University.
There is no arrangement or understanding between Mr. Ivancsits and any other persons, pursuant to which he was selected as Chief Financial Officer. Mr. Ivancsits 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 Mr. Ivancsits and any director or executive officer of the Company.
In connection with Mr. Ivancsits’ employment as Chief Financial Officer of the Company, Mr. Ivancsits and the Company entered into an employment agreement (the “Ivancsits Employment Agreement”), dated as of April 22, 2024, and effective as of April 24, 2024. Pursuant to the Ivancsits Employment Agreement, Mr. Ivancsits is entitled to an annual base salary of $325,000, less applicable payroll deductions and tax withholdings, with the ability to receive additional bonuses, subject to certain terms and conditions, as compensation for his duties as Chief Financial Officer of the Company. Mr. Ivancsits was also granted 750,000 options to acquire shares of common stock of the Company, with such shares vesting in 250,000 share increments annually (with the first vest to occur on April 24, 2024). Mr. Ivancsits will serve as Chief Financial Officer until the earlier of his death, resignation, or removal.
The foregoing description of the Ivancsits Employment Agreement is qualified in its entirety by reference to the full text of the Ivancsits Employment Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein in its entirety by reference.
Item 7.01 Regulation FD Disclosure
On April 24, 2024, the Company issued a press release announcing the appointment of Julius Ivancsits as the Chief Financial Officer.
A copy of the above-mentioned press release is attached herewith as Exhibit 99.1.
Item 9.01 Exhibits
| Exhibit No. | Description | |
| 10.1 | Employment Agreement, dated April 22, 2024, by and between the Company and Julius Ivancsits | |
| 99.1 | Press Release dated April 24, 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: April 25, 2024 | By: | /s/ Robert Nistico |
| Name: | Robert Nistico | |
| Title: | Chief Executive Officer | |
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 4/26/24 | None on these Dates | ||
| 4/25/24 | ||||
| For Period end: | 4/24/24 | |||
| 4/22/24 | ||||
| List all Filings | ||||