Company: CELH
Filing Date: 2025-08-29
Form Type: 8-K
Source: 0001193125-25-192888
Chunk: 7

Company: Celsius Holdings, Inc.
Filing Date: 2025-08-29
Form: 8-K
Item: Item 3.02
Chunk 7
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Co, Mr. Del Pozzo served as President of The Hershey Company’s U. S. Confection business from August 2024 to December 2024. Before briefly departing PepsiCo, Mr. Del Pozzo served in various capacities with PepsiCo since 2001, most recently as President and General Manager of PepsiCo’s Gatorade business unit. In that role, Mr. Del Pozzo oversaw PepsiCo’s $12 billion hydration portfolio of brands that service athletes, including Gatorade, Aquafina, Propel, Muscle Milk, and Life Water. Mr. Del Pozzo’s responsibilities included manufacturing, go to market, selling, customer management, brand building, and strategy across the Gatorade and the PepsiCo hydration portfolio. A nearly 25-year PepsiCo veteran, Mr. Del Pozzo has held leadership positions across several PepsiCo operating units during his tenure, including Pepsi Beverages North America, Frito-Lay and Quaker North America, and PepsiCo Corporate. Mr. Del Pozzo is a graduate of Bowling Green State University.

Mr. Del Pozzo was selected to serve on the Board as the second PepsiCo Designee pursuant to the Series B Purchase Agreement, the description of which is set forth in Item 1.01 to this Current Report on Form8-Kand incorporated by reference in this Item 5.02. Mr. Del Pozzo will not receive compensation from the Company for his service on the Board. In connection with his appointment to the Board, Mr. Del Pozzo will enter into the Company’s current form of director and officer indemnification agreement.

Other than PepsiCo’s director designation rights under the Series B Purchase Agreement, there are no arrangements or understandings between either Mr. Del Pozzo, on the one hand, and any other person, on the other hand, pursuant to which he was appointed to the Board. Since the beginning of the Company’s last fiscal year, the Company has not engaged in any transactions, and there are no proposed transactions, or series of similar transactions, in which Mr. Del Pozzo was or is to be a participant and in which any related person had a direct or indirect material interest in which the amount involved exceeds or exceeded $120,000.

  Item 5.03.      Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.  

Series B Preferred Stock

In connection with the issuance and sale of the Series B Preferred Stock pursuant to the Series B Purchase Agreement, the Board approved the Series B Certificate,