Current Report Filing (8-k)
March 03 2020 - 5:11PM
Edgar (US Regulatory)
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): February 28, 2020
EASTSIDE
DISTILLING, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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001-38182
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20-3937596
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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1001
SE Water Avenue, Suite 390
Portland,
OR 97214
(Address
of principal executive offices)
(Zip
Code)
Registrant’s
telephone number, including area code: (971) 888-4264
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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Common
Stock, $0.0001 par value
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EAST
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The
Nasdaq Stock Market LLC
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(Title
of Each Class)
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(Trading
Symbol)
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(Name
of Each Exchange on Which Registered)
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (CFR §230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (CFR §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.
Appointment
of Interim CFO
The
Board of Directors (the “Board”) of Eastside Distilling, Inc. (“Eastside”) approved the appointment of
G. Stuart Schreiner as Interim Chief Financial Officer, effective February 28, 2020. Eastside’s press release announcing
Mr. Schreiner’s appointment as Interim Chief Financial Officer is furnished hereto as Exhibit 99.1.
Prior
to his appointment as Interim Chief Financial Officer of Eastside, Mr. Schreiner, age 65, served as a financial consultant for
Tatum, LLC, C-Squared Solutions and GSS Consulting LLC since 2002. During and prior to that time, he held various senior level
positions, including Director of Finance or Chief Financial Officer, with Hands-On Labs, Inc., Melco Industries, Inc., AirCell,
Inc., Nathan Wechsler CPA, Cablecom-General, Translogic Corporation, Fischer Imaging, and Century International. Mr. Schreiner
is a Certified Public Accountant (inactive) and has a B.S. in Accounting, with Honors from Bentley College.
Compensatory
Arrangements of Certain Officers
In
connection with Mr. Schreiner’s appointment as Interim Chief Financial Officer, Eastside entered into a CFO Consulting Agreement
dated March 2, 20220, with GSS Consulting, LLC, an entity through which Mr. Schreiner provides consulting services (the “Consulting
Agreement”). The Consulting Agreement provides, among other things, that Mr. Schreiner will serve as a non-employee Chief
Financial Officer on a part-time basis, in exchange for a fee of $125 per hour.
The
foregoing is a summary only and does not purport to be a complete description of all of the terms, provisions, covenants and agreements
contained in the Consulting Agreement and is subject to and qualified in its entirety by reference to the complete text of the
Consulting Agreement, which will be filed as an exhibit to Eastside’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2019.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
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 hereunto duly authorized.
Date:
March 3, 2020
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EASTSIDE
DISTILLING, INC.
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By:
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/s/
Lawrence Firestone
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Lawrence
Firestone
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Chief
Executive Officer
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