EASTSIDE DISTILLING, INC. : Change in Directors or Principal Officers (form 8-K)
August 28, 2020 at 04:21 pm EDT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Director
On August 19, 2020 Mr. Jack Peterson tendered his resignation as a director to
the board of directors (the "Board") of Eastside Distilling, Inc. (the
"Company"). The Board accepted the resignation of Mr. Peterson, effective August
25, 2020. Mr. Peterson did not serve on any Board committees at the time of his
resignation. Mr. Peterson is the President of Sandstrom Partners ("Sandstrom"),
who has provided the Company with marketing strategy and branding services since
2016. The Company has a bona fide dispute with Sandstrom regarding the services
rendered, the amount owed, and the terms of the Company's arrangement with
Sandstrom. The Company and Sandstrom are negotiating a resolution of the
dispute. The Company believes that Mr. Peterson resigned in connection with the
dispute and the ongoing negotiations.
Eastside Distilling, Inc. manufactures, acquires, blends, bottles, imports, markets, and sells a wide variety of alcoholic beverages under recognized brands. The Company operates through two segments: Spirits and Craft Canning + Printing. The Spirits segment manufactures, blends, bottles, markets, and sells a variety of alcoholic beverages under recognized brands in 30 United States. The Craft Canning + Printing segment provides digital can printing and canning services to the craft beverage industry in Washington, Oregon, and Colorado. It also operates approximately 13 mobile lines in Seattle and Spokane, Washington; Portland, Oregon; and Denver, Colorado. In addition to mobile co-packing services, it offers co-packing services from a single fixed site in Portland, Oregon. The Company's portfolio includes originals like the Quercus garryana barrel-finished Burnside Whiskey family, Portland Potato Vodka, Hue-Hue Coffee Rum, and Azunia Tequilas.