Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 18, 2022, the Board of Directors of Splash Beverage Group, Inc. (the
"Company") appointed Ronald Wall to serve as Chief Financial Officer of the
Company, effective May 2, 2022.
Mr. Wall, 55, is a collaborative finance executive with expertise leveraging
analysis, insights and team approaches, driving organizational improvements, and
implementing practices and controls. From 2016 to 2022, Mr. Wall served as the
Chief Financial Officer for Americas of William Grant & Sons Inc., a premium
spirits company. Previously, Mr. Wall served in various capacities at William
Grant & Sons Inc., including Chief Financial Officer for North America, and
Chief Financial Officer for the United States of America.
There is no arrangement or understanding between Mr. Wall and any other persons,
pursuant to which he was selected as Chief Financial Officer. Mr. Wall 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. Wall and any director or
executive officer of the Company.
Mr. Wall will receive $325,000 annually, with the ability to receive additional
compensation bonuses, subject to certain terms and conditions, as compensation
for his duties as Chief Financial Officer of the Company. Mr. Wall will serve as
Chief Financial Officer until the next meeting of stockholders, or until his
earlier death resignation or removal.
In connection with Mr. Wall's appointment as Chief Financial Officer, former
Interim Chief Financial Officer, Fatima Dhalla, will continue with the Company
as an independent consultant.
Item 7.01 Regulation FD Disclosure
On April 19, 2022, the Company issued a press release announcing the appointment
of Mr. Wall as 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
99.1 Press Release dated April 19, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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