Soupman, Inc. (OTCMKTS:SOUP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Randy Beller resigned from the Board of Directors of Soupman,
Inc. (the Company) on May 23, 2017. Mr. Bellers resignation was
not the result of any dispute or disagreement with the Company.
Item 8.01Other Events
On May 23, 2017, Robert N. Bertrand, the Chief Financial Officer
and President of the Company, was charged in Federal Court in
Brooklyn, New York with 20 counts of failure to pay Medicare,
Social security and federal income taxes for the period between
2010 and 2014. As alleged in the indictment, from 2010 through
2014, the Companys total approximate unreported cash and stock
compensation was $2,850,967.59, and the total approximate tax
loss to the United States was allegedly $593,971.52.
Mr. Bertrand has been suspended from his position with the
Company pending the outcome of this matter. The Company intends
to begin a search for a replacement Chief Financial Officer. The
Company will also immediately begin an internal investigation
into its quarterly and annual public filings to determine any
material discrepancies which would require a restatement.
On May 23, 2017, the Company issued the attached press release
regarding Mr. Bertrand. A copy of the press release is attached
as Exhibit 99.1 to this Report on Form 8-K and incorporated
herein by reference.
Item 9.01Financial Statements and Exhibits.
Description of Exhibit
Soupman, Inc. press release dated May 23, 2017
About Soupman, Inc. (OTCMKTS:SOUP)
Soupman, Inc. is a manufacturer and seller of soups to grocery chains, educational institutions and its franchisees. The Company manufactures and sells soups in three segments under the brand name, Original Soupman. In the grocery segment, the Company’s soups can be purchased in stores (such as Kroger, Publix, Safeway and HEB). The Company packages its soups in Tetra Recart shelf stable cartons. In the food services segment, the Company sells the Original Soupman soups in bulk frozen heat ‘n serve pouches to its franchisees and licensed locations. The Company is selling heat n’ serve pouches to a national restaurant chain. In the educational segment, it sells its bulk flash-frozen Original Soupman soups and other products to schools and colleges, such as the New York City Public school system. These additional products include vegetarian items, such a Mexicali Beans, Stewed Pinto Beans and Curried Chick Peas with Tomatillos. Soupman, Inc. (OTCMKTS:SOUP) Recent Trading Information
Soupman, Inc. (OTCMKTS:SOUP) closed its last trading session down -0.00322 at 0.00478 with 3,129,232 shares trading hands.