Damian Warshall joins Reed’s (NYSE: REED) as new COO in 2026
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Reed’s, Inc. has appointed Damian Warshall as Chief Operating Officer, effective April 27, 2026, taking over the role from Neal M. Cohane, who remains interim Chief Executive Officer. Warshall previously served as Reed’s Vice President of Operations and brings extensive beverage manufacturing and supply chain experience.
Under his offer of employment, Warshall will receive an initial annual base salary of $300,000 and will be eligible for an initial annual target bonus of up to 80% of that base salary. The company highlighted his track record in improving cost structures, scaling operations, and supporting profitable growth as it focuses on strengthening margins and operational efficiency.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
COO base salary: $300,000 per year
Target bonus: Up to 80% of base salary
COO appointment effective date: April 27, 2026
+2 more
5 metrics
COO base salary
$300,000 per year
Initial annual base salary for Damian Warshall as COO
Target bonus
Up to 80% of base salary
Initial annual target bonus opportunity for COO
COO appointment effective date
April 27, 2026
Effective date of Damian Warshall’s appointment as COO
Executive age
43 years
Age of Damian Warshall at time of appointment
Offer of Employment date
April 10, 2026
Date of Offer of Employment between Reed’s and Warshall
Key Terms
emerging growth company, indemnification agreement, Item 404(a) of Regulation S-K, forward-looking statements, +2 more
6 terms
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
indemnification agreement regulatory
"Mr. Warshall is eligible to enter into the Company’s standard form of indemnification agreement."
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
Item 404(a) of Regulation S-K regulatory
"Mr. Warshall is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K."
forward-looking statements regulatory
"This press release contains forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended."
Annual Report on Form 10-K regulatory
"including its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on March 25, 2026."
An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.
FAQ
What executive change did Reed’s (REED) announce on April 24, 2026?
Reed’s announced the appointment of Damian Warshall as Chief Operating Officer, effective April 27, 2026. He replaces interim COO Neal M. Cohane in that role, while Cohane continues serving as the company’s interim Chief Executive Officer during the ongoing leadership transition.
What is Damian Warshall’s compensation package as Reed’s (REED) COO?
Damian Warshall will receive an initial annual base salary of $300,000 and is eligible for an initial annual target bonus of up to 80% of his base salary. His compensation terms are detailed in an Offer of Employment attached as an exhibit.
What prior experience does Damian Warshall bring to Reed’s (REED)?
Damian Warshall most recently served as Chief Operating Officer at Pittston Co-Packers and previously as Vice President of Operations at Munk Pack. He also earlier served as Vice President of Operations at Reed’s, giving him direct familiarity with the company’s beverage operations.
What are Reed’s (REED) strategic expectations for the new COO role?
Reed’s expects Damian Warshall to enhance execution across operations by improving cost structures, strengthening the manufacturing and logistics network, and supporting profitable growth. Management emphasizes focusing on efficiencies, increased throughput, and more consistent, scalable performance in 2026 and beyond.
What exhibits accompany Reed’s (REED) filing about the COO appointment?
The filing includes an Offer of Employment dated April 10, 2026 between Reed’s and Damian Warshall as Exhibit 10.1, and a press release announcing his appointment dated April 24, 2026 as Exhibit 99.1, plus a cover page interactive data file as Exhibit 104.
