Thu, May 1, 10:09 AM (17 days ago)
**Jones Soda Co. (JSD)** **Summary of 10-K/A Amendment No. 1** **Ticker:** JSD **Financial Performance:** - The amendment does not include financial statements or changes to previously reported financial data. **Strategic Overview:** - The amendment focuses on updating corporate governance information, including changes to the Board of Directors and executive officers. - Key appointments include Scott Harvey as CEO, Brian Meadows as CFO, and Jerry Goldner as Chief Growth Officer. - The Board of Directors has three committees: Audit, Compensation and Governance, and Mergers and Acquisitions and Investments. **Executive Compensation:** - David Knight, former CEO, received a base salary of $323,078 and other compensation totaling $359,254 in 2024. - Jerry Goldner, Chief Growth Officer, received a base salary of $250,000 and other compensation totaling $475,855 in 2024. - Gabe Carimi, VP of Operations, received a base salary of $168,525 in 2024. - No bonuses were awarded to executives in 2024 due to performance not meeting targets. **Future Outlook:** - The company is focusing on strategic acquisitions and significant investments to drive growth. - The Board of Directors is committed to identifying and approving qualified director candidates and overseeing corporate governance practices. **Risk Factors:** - The amendment does not provide new risk factors but refers to the original 2024 Annual Report for risk disclosures. **Financial Condition:** - The amendment does not include updates to the financial condition but refers to the original 2024 Annual Report for financial statements. **Market Position Changes:** - The amendment does not provide updates on market position changes but refers to the original 2024 Annual Report for market-related disclosures. **Changes Made in the Amendment:** - The amendment restates Part III, Items 10, 11, 12, 13, and 14 of the 2024 Annual Report to reflect changes in corporate governance and executive compensation. - New certifications from the CEO and CFO are included as exhibits. **Note:** The amendment does not include financial statements or changes to previously reported financial data. For detailed financial information, refer to the original 2024 Annual Report.