Company: CELH
Filing Date: 2025-08-29
Form Type: 8-K
Source: 0001193125-25-192888
Chunk: 13

Company: Celsius Holdings, Inc.
Filing Date: 2025-08-29
Form: 8-K
Item: Item 5.03
Chunk 13
---
 the holders of a majority of the outstanding shares of Series B Preferred Stock at certain times and subject to the terms and conditions set forth in the Series B Certificate.

The Series B Preferred Stock confers no voting rights on holders, except as otherwise required by applicable law, and with respect to matters that adversely change the powers, preferences, privileges, rights or restrictions given to the Series B Preferred Stock or provided for its benefit, or would result in securities that would be senior to or pari passuwith the Series B Preferred Stock.

Certificate of Amendment to Series A Preferred Stock Certificate of Designation

In connection with issuance and sale of the Series B Preferred Stock, the Board adopted resolutions approving a Certificate of Amendment to the Series A Certificate, which Certificate of Amendment was approved by PepsiCo, as the sole holder of shares of Series A Preferred Stock, and filed by the Company with the Secretary of State of the State of Nevada on the Closing Date. The Certificate of Amendment amends the Series A Certificate solely to align certain terms contained therein to those contained in the Series B Certificate, including updating the definition of “ Distribution Agreement” to refer to the A& R U. S. Distribution Agreement, and amending certain dates related to redemption and conversion to match those included in the Series B Certificate.

The foregoing descriptions of the Series B Certificate and the Certificate of Amendment are only summaries and are qualified in their entirety by reference to the full text of the Series B Certificate and the Certificate of Amendment, which are filed as Exhibit 3.1 and Exhibit 3.2, respectively, to this Current Report on Form8-Kand incorporated by reference in this Item 5.03.

  Item 5.07.      Submission of Matters to a Vote of Security Holders.  

On the Closing Date, PepsiCo, as the sole holder of all of the issued and outstanding shares of the Series A Preferred Stock, acted by way of a unanimous written consent (in lieu of a special meeting of the stockholders) and consented to the issuance of the Series B Preferred Stock and the modification of the terms of the Series A Preferred Stock as set forth in the Certificate of Amendment, as described in Item 1.01 and Item 5.03 of this Current Report on Form8-K.

  Item 8.01.      Other Events.  

On the Closing Date, the Company and certain of its subsidiaries entered into an amended and restated distribution agreement with an affiliate of PepsiCo, pursuant to which such affiliate of PepsiCo continues to be the Company’s exclusive