CELSIUS HOLDINGS, INC. (OTCMKTS:CELH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On May 4, 2017, Tim Leissner resigned as a member of our board of directors. On May 5, 2017, the board appointed John Fieldly, our Interim President and Chief Executive Officer and our Chief Financial Officer to the vacancy on the board created by Mr. Leissner’s resignation, to serve until Celsius’ next annual meeting of shareholders and until his successor is duly elected and qualified. The board believed that given Mr. Fieldly’s over five years’ experience as an executive officer of the Company and the fact that the remaining members of our board are “independent,” he is qualified to fill the vacancy created by Mr. Leissner’s resignation. In addition, Christopher Lai, was appointed as Co-Chairman of the board and a member of the board’s Nominating and Corporate Governance Committee to fill the vacancies resulting from Mr. Leissner’s departure.
About CELSIUS HOLDINGS, INC. (OTCMKTS:CELH)
Celsius Holdings, Inc. is engaged in the development, marketing, sale and distribution of functional calorie-burning fitness beverages under the Celsius brand name. The Company’s product range includes Sparkling Grape Rush, Sparkling Watermelon, Sparkling Orange, Sparkling Wild Berry, Sparkling Cola, Raspberry Acai Green Tea, Peach Mango Green Tea, Flo Fusion Orange and Flo Fusion Berry. The Company’s products are sweetened with sucralose, which is suitable for consumers whose sugar intake is restricted. The Company’s Celsius brand uses ingredients and supplements, such as green tea (EGCG), ginger, calcium, chromium, B vitamins and vitamin C. The Company outsources the manufacturing process to third-party co-packers. It provides co-packers with flavors, ingredient blends, cans and other raw materials for its beverages purchased by it from various suppliers. It sells Celsius brand across retail segments, which include supermarkets and convenience stores. CELSIUS HOLDINGS, INC. (OTCMKTS:CELH) Recent Trading Information
CELSIUS HOLDINGS, INC. (OTCMKTS:CELH) closed its last trading session down -0.08 at 3.94 with 256,460 shares trading hands.