UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): August 19, 2021
CELSIUS HOLDINGS, INC.
(Exact name of registrant as specified in charter)
Nevada
(State or other jurisdiction of incorporation)
| 000-55663 | | 20-2745790 |
(Commission
File Number) | | (IRS Employer
Identification No.) |
2424 N. Federal Highway, Suite 208, Boca Raton, Florida 33431
(Address of principal executive offices and zip code)
| (561) 276-2239 |
| (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 registrant under any of the following provisions:
| | ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | ☐ | Soliciting material pursuant to Rule 14a-12(b) 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, $0.001 par value per share | | CELH | | The NASDAQ Capital Market |
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. ☐
When used in this Current Report on Form 8-K, unless otherwise indicated, the terms “the Company,” “Celsius,” “we,” “us” and “our” refer to Celsius Holdings, Inc. and its subsidiaries.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 20, 2021, the Company issued a press release announcing, that Damon DeSantis, Cheryl S. Miller and Joyce Russell were elected to our Board of Directors effective as of August 19, 2021 at the Company’s Annual Meeting of Shareholders (the “Annual Meeting”). The Company also announced certain changes to the board leadership structure including the appointment by the Board of Directors of John Fieldly as Chairman of the Board and Hal Kravitz as independent lead director.
A copy of the press release dated August 20, 2021 announcing the aforementioned appointments is included as Exhibit 99.1 to this report.
Furthermore, effective as of August 19, 2021 the following members of the Board of Directors were appointed to the committees set forth below:
Audit Committee
Cheryl Miller, Chair
Caroline Levy
Tony Lau
Joyce Russell
Human Resources and Compensation Committee
Joyce Russell, Chair
Hal Kravitz
Nick Castaldo
Alexandre Ruberti
Governance and Nominating Committee
Damon DeSantis, Co-Chair
Tony Lau, Co-Chair
Nicholas Castaldo
Cheryl Miller
Caroline Levy
Item 5.07. Submission of Matters to a Vote of Security Holders.
On August 19, 2021, the Company held its Annual Meeting. The Company’s shareholders voted on the two proposals listed below at the Annual Meeting. The final voting results for each proposal are set forth in the following tables. For more information about each of the proposals please see the Company’s definitive Proxy Statement previously filed with the Securities and Exchange Commission on June 2, 2021.
Proposal 1: Election of Directors – Election of the nominees listed below as directors to hold office until the next annual meeting of shareholders or until their successors are elected.
| | | Votes | | | Votes | | | Broker | |
| Name | | For | | | Against | | | Non-Votes | |
| John Fieldly | | | 58,532,047 | | | | 127,541 | | | | 627,498 | |
| Hal Kravitz | | | 49,505,001 | | | | 9,154,587 | | | | 627,498 | |
| Tony Lau | | | 58,490,616 | | | | 168,972 | | | | 627,498 | |
| Nicholas Castaldo | | | 50,175,458 | | | | 8,484,130 | | | | 627,498 | |
| Caroline Levy | | | 58,385,094 | | | | 274,492 | | | | 627,500 | |
| Alexandre Ruberti | | | 58,531,861 | | | | 127,727 | | | | 627,498 | |
| Damon DeSantis | | | 58,529,310 | | | | 130,278 | | | | 627,498 | |
| Cheryl Miller | | | 58,532,108 | | | | 127,480 | | | | 627,498 | |
| Joyce Russell | | | 58,532,460 | | | | 127,128 | | | | 627,498 | |
Each nominee was elected by the Company’s shareholders, as recommended by the Company’s Board of Directors.
Proposal 2: Ratification of Selection of Auditors - To ratify the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2021.
| Votes For | | Votes Against | | Abstain | |
| 58,693,416 | | 334,429 | | 259,241 | |
The appointment of Ernst & Young LLP was ratified by the Company’s shareholders, as recommended by the Company’s Board of Directors.
Item 7.01 Regulation FD Disclosure.
On August 20, 2021, Celsius issued a press release announcing the publication of its environmental, social and governance (ESG) report.
A copy of the Company’s ESG report is available at: https://celsiusholdingsinc.com/esg_report_082021
In addition, copies of the press release and the ESG report are included as Exhibits 99.2 and 99.3 to this report.
On August 19, 2021, the Company made a presentation to shareholders at the Annual Meeting. The furnishing of the investor presentation information in this report is not intended to, and does not, constitute a determination by the Company that the information in this report is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company. The information in the investor presentation materials is presented as of August 19, 2021 and the Company does not assume any obligation to update such information in the future.
A copy of the investor presentation that was used at the Annual Meeting is included as Exhibit 99.4 to this report.
In accordance with General Instruction B.2 of Form 8-K, the information furnished pursuant to this Item 7.01, and including Exhibits 99.3 and 99.4 furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | CELSIUS HOLDINGS, INC. |
| | | |
| Date: August 23, 2021 | By: | /s/ John Fieldly |
| | | John Fieldly, Chief Executive Officer |
