On March 23, 2026, Reed's, Inc. disclosed in an 8-K filing that Cyril A. Wallace, Jr. has notified the Board of Directors of his intention to resign from his position as Chief Executive Officer and as a member of the Board, effective March 24, 2026. Mr. Wallace's departure is not attributed to any disagreements regarding the company's operations or policies. He will continue to serve as an employee until March 31, 2026. Following his resignation, the Board appointed Neal M. Cohane, the current Chief Operating Officer, as the interim Chief Executive Officer. Cohane will also fill the vacancy on the Board created by Wallace's departure until the company's annual meeting of stockholders in 2026. Cohane has a significant background in the beverage industry, having previously served as Chief Sales Officer at Eastroc Beverage and as the founder of Rootstock Brands, Inc. His extensive experience with Reed's, where he served in various roles since 2007, positions him well to lead the company during this transition period. The company aims to maintain stability and continuity in its operations as it navigates this leadership change.

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