Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 17, 2022, Dean Huge resigned as Chief Financial Officer of Splash
Beverage Group, Inc. (the "Company"). Mr. Huge'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.
Effective February 18, 2022, the Board of Directors of the Company appointed
Fatima Dhalla as the Interim Chief Financial Officer.
Ms. Dhalla, 67, has provided consulting services to clients on the
Sarbanes-Oxley Act of 2002, system implementation and financial reporting since
2017. From 2015 to 2017, Ms. Dhalla served as the Chief Financial Officer of
Maverick Brands, LLC, a beverage company producing and selling coconut water.
Ms. Dhalla is educated in the United Kingdom as a fellow of the Chartered
Association of Certified Accountants in 1987.
There is no arrangement or understanding between Ms. Dhalla and any other
persons, pursuant to which she was selected as Interim Chief Financial Officer.
Ms. Dhalla has not engaged in any transaction, or any currently proposed
transaction, in which the Company was or is to be a participant and the amount
involved exceeds $120,000, and in which any related person had or will have a
direct or indirect material interest. There are no family relationships between
Ms. Dhalla and any director or executive officer of the Company.
Ms. Dhalla will receive $187,200 annually as compensation for her duties as
Interim Chief Financial Officer of the Company. Ms. Dhalla will serve as Interim
Chief Financial Officer until the Company appoints a full-time replacement as
Chief Financial Officer. The Company is actively seeking a Chief Financial
Officer with capital markets and mergers and acquisitions experience.
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