Attached files
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| EX-99.1 - PRESS RELEAE - NewAge, Inc. | nbev_ex991.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): August 15,
2018
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New Age Beverages Corporation
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(Exact
name of registrant as specified in its charter)
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Washington
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(State
or other jurisdiction of incorporation)
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001-38014
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27-2432263
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(Commission
File Number)
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(IRS
Employer Identification No.)
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1700
E. 68th Avenue, Denver, CO 80229
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(Address of principal executive offices) (Zip Code)
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(303)
289-8655
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(Registrant’s
telephone number, including area code)
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(Former
name or former address, if changed since last report)
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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))
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).
Emerging Growth
Company ☒
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
August 15, 2018, John Price was appointed as Chief Financial
Officer and Chief Administrative Officer of New Age Beverages
Corporation (the “Company”). Charles Ence, the former
Chief Financial Officer will assume the role of Controller of the
Company.
Mr.
Price, 48, previously served as Chief Financial Officer of Alliance
MMA, a publicly-traded company in the mixed marital arts industry,
from August 2016 through August 2018. Prior to joining Alliance MMA
in 2016, Mr. Price was Chief Financial Officer of MusclePharm
Corporation, a publicly-traded nutritional supplement company.
Prior to joining MusclePharm in 2013, Mr. Price served as vice
president of finance-North America at Opera Software, a Norwegian
public company focused on digital advertising. From 2011 to 2013,
he served as vice president of finance and corporate controller GCT
Semiconductor. From 2004 to 2011, Mr. Price served in various roles
at Tessera Technologies including VP of Finance & Corporate
Controller. Prior to Tessera Technologies, Mr. Price served various
roles at Ernst &Young LLP. Mr. Price served nearly three years
in the San Jose, California office and nearly five years in the
Pittsburgh, Pennsylvania office. Mr. Price has been a certified
public accountant since 2000 and attended Pennsylvania State
University, where he earned a Bachelor’s of Science Degree in
Accounting.
Mr.
Price is to be compensated with a base salary of $250,000 per
annum, with the opportunity to earn equity and cash incentives for
achieving agreed upon objective performance metrics.
There
is no arrangement or understanding between Mr. Price and any other
person pursuant to which he was selected as an officer of the
Company. There is no family relationship between Mr. Price and any
director or executive officer of the Company, and Mr. Price is
party to a related party transaction within the meaning of Item
404(a) of Regulation S-K.
Item 9.01 Financial Statements and
Exhibits
(d)
Exhibits.
Number
Description
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.
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NEW AGE BEVERAGES CORPORATION
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Date:
August 15, 2018
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By:
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/s/ Brent
Willis
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Brent
Willis
Chief
Executive Officer
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