BARFRESH FOOD GROUP INC. (OTCMKTS:BRFH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(b) On December 16, 2016, Bruno Schoch resigned from his position
as director of Barfresh Food Group, Inc. (Barfresh). Mr.
Schochs resignation was effective December 19, 2016.
(d) On December 16, 2016, in accordance with the investor rights
agreement, dated November 23, 2016 by and between Barfresh,
Unibel and certain key holders named therein (the Investor Rights
Agreement), the board of directors of Barfresh appointed Isabelle
Ortiz-Cochet to serve as a director as his replacement, effective
December 19, 2016.
Ms. Ortiz-Cochet is the Chief Investment Officer for Unibel,
parent company of Bel Group. Bel is an international France-based
group, a world leader in branded cheese business, with brands
such as Laughing Cow, Mini-Babybel and Boursin. In that position
since January 2016, Ms. Ortiz-Cochet drives Unibels
diversification strategy and leads the investment portfolio
development. She was previously Vice President of Strategic
Development at Bel Group from September 2013 to December 2015.
From 2007 to 2013, based out of Bel Groups New York office, Ms.
Ortiz-Cochet led the development of long-term strategies in North
and South America, as well as marketing strategy in the region.
Prior to that position, she held a number of leadership positions
in marketing and global strategy at Bel Group out of the Paris
office, at French, European and corporate levels. Ms.
Ortiz-Cochet began her career with Kimberly Clark in France.
Isabelle earned a masters degree from ESSEC Business School in
France, and an executive MBA from HEC Business School, France.
Arrangement to which Isabelle Ortiz-Cochet was
appointed to serve as director:
to the Investor Rights Agreement, Unibel is entitled to appoint
one director to the board of directors of Barfresh, which
director is entitled to sit on each committee of the board of
directors selected by the Unibel, unless certain conditions
relating to the shareholdings of Unibel have not been satisfied.
Unibel has designated Isabelle Ortiz-Cochet as its board
Barfresh has agreed to call shareholder meetings whenever
necessary to ensure Unibels designee is elected as a director. At
any time that Unibels designee is not a director, Unibels
designee will be entitled to be a board observer. Riccardo Delle
Coste, Steven Lang and their respective affiliates have agreed to
vote their shares in favor of Unibels designee.
There are no other arrangements or understandings between Ms.
Ortiz-Cochet and any other persons to which she was appointed a
director. There are no current or proposed transactions in which
Ms. Ortiz-Cochet has a direct or indirect material interest in
which Barfresh is involved and in which the amount involved
exceeds the lesser of $120,000 or one percent of the average of
Barfreshs total assets at year end for the last two completed
Item 7.01 Regulation FD Disclosure
On December 20, 2016, Barfresh issued a press release announcing
the appointment Isabelle Ortiz-Cochet as director. A copy of the
press release is attached to this Form 8-K as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Press Release of Barfresh Food Group, Inc. dated December 20,
About BARFRESH FOOD GROUP INC. (OTCMKTS:BRFH)
Barfresh Food Group, Inc. is a manufacturer and distributor of ready to blend frozen beverages. The Company’s portfolio of products includes smoothies, shakes and frappes. All of the Company’s products are portion controlled beverage ingredient packs, suitable for smoothies, shakes and frappes that can also be utilized for cocktails and mocktails. The beverage packs contain all of the solid ingredients necessary to make the beverage, including the base (either sorbet, frozen yogurt or ice cream), real fruit pieces, juices and ice-five ounces of water are added before blending. As of December 31, 2015, the Company’s portfolio of products are available in nine flavors, including chocolate shake, strawberry smoothie, vanilla shake, mango burst smoothie, mocha frappe, mango smoothie, strawberry banana smoothie, caramel macchiato frappe and caribbean smoothie. The Company utilizes contract manufacturers to manufacture all of the products in the United States. BARFRESH FOOD GROUP INC. (OTCMKTS:BRFH) Recent Trading Information
BARFRESH FOOD GROUP INC. (OTCMKTS:BRFH) closed its last trading session up +0.031 at 0.770 with 147,621 shares trading hands.