Zevia PBC

04/16/2024 | Press release | Distributed by Public on 04/16/2024 14:14

Management Change/Compensation - Form 8-K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) Resignation of Chief Accounting Officer

On April 12, 2024, Hany Mikhail informed Zevia PBC (the "Company") that he intends to resign as Senior Vice President and Chief Accounting Officer of the Company to pursue other opportunities. Mr. Mikhail will continue in his current role up until May 10, 2024, and thereafter he will no longer serve as the Company's Chief Accounting Officer. Mr. Mikhail will depart the Company on July 1, 2024. Mr. Mikhail's decision to resign is not the result of any disagreement or dispute with the Company on any matter relating to the Company's financials, operations, policies, accounting practices, or financial reporting.

Effective May 11, 2024, Girish Satya, Chief Financial Officer of the Company, will serve as the Company's principal accounting officer. The assumption of this additional role is not expected to result in any change to Mr. Satya's existing compensatory arrangements. Biographical and other information about Mr. Satya is included in the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on February 20, 2024.

During the period from May 11, 2024 through July 1, 2024, Mr. Mikhail will work with the Company and Mr. Satya on transitioning his responsibilities to Mr. Satya.