false 0001553788 0001553788 2025-02-07 2025-02-07 0001553788 SBEV:CommonStockParValue0.001PerShareMember 2025-02-07 2025-02-07 0001553788 SBEV:WarrantsToPurchaseSharesOfCommonStockMember 2025-02-07 2025-02-07 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): February 7, 2025

 

SPLASH BEVERAGE GROUP, INC.
(Exact Name of Registrant as Specified in Its Charter)
 
Nevada
(State or Other Jurisdiction of Incorporation)

 

001-40471   34-1720075
(Commission File Number)   (IRS Employer Identification No.)

 

  1314 East Las Olas Blvd, Suite 221
Fort Lauderdale, Florida 33316		  
(Address of Principal Executive Offices)
 
(954) 745-5815
(Registrant’s Telephone Number, Including Area Code)
 
(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001 per share   SBEV   NYSE American LLC 
Warrants to purchase shares of common stock   SBEV-WT   NYSE American LLC


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

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

 

On February 7, 2025, Julius Ivancsits resigned as Chief Financial Officer of Splash Beverage Group, Inc. (the “Company”). Mr. Ivancsits’s resignation as Chief Financial Officer was not because of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices, including accounting principles and practices. The Company is currently in the process of evaluating potential candidates. The lead candidate has already completed the interview process and is already in the background check process as the Company intends to on-board a new CFO as soon as possible for a seamless transition. Mr. Ivancsits effective date will be February 18, 2025 and the Company thanks Mr. Ivancsits for his service.

 

Simultaneously, on February 7, 2025, Dr. John Paglia also notified the Board of his intention to resign as an independent director of the Company and as a member of each committee of the Board on which he served, effective as of March 7, 2025. Dr. Paglia's resignation was not the result of any dispute or disagreement with the Company or the Company’s Board of Directors on any matter relating to the operations, policies or practices of the Company. Dr. Paglia will be assisting the Company with its search for a new Audit Chair. The Company is grateful for his service and his assistance in the search for his replacement. 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

  SPLASH BEVERAGE GROUP, INC.
     
Dated: February 12, 2025 By: /s/ Robert Nistico
  Name: Robert Nistico
  Title: Chief Executive Officer

 

 

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Cover
Feb. 07, 2025
Document Type 8-K
Amendment Flag false
Document Period End Date Feb. 07, 2025
Entity File Number 001-40471
Entity Registrant Name SPLASH BEVERAGE GROUP, INC.
Entity Central Index Key 0001553788
Entity Tax Identification Number 34-1720075
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 1314 East Las Olas Blvd
Entity Address, Address Line Two Suite 221
Entity Address, City or Town Fort Lauderdale
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33316
City Area Code (954)
Local Phone Number 745-5815
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Common Stock, par value $0.001 per share  
Title of 12(b) Security Common Stock, par value $0.001 per share
Trading Symbol SBEV
Security Exchange Name NYSEAMER
Warrants to purchase shares of common stock  
Title of 12(b) Security Warrants to purchase shares of common stock
Trading Symbol SBEV-WT
Security Exchange Name NYSEAMER
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