UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 2, 2018
RELIV’ INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
| 000-19932 | 37-1172197 |
| (Commission File Number) | (IRS Employer Identification No.) |
| 136 Chesterfield Industrial Boulevard | Chesterfield, Missouri 63005 |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (636) 537-9715
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 2, 2018, the Board of Directors of the Registrant named R. Scott Montgomery, age 48, as President of Operations and International, effective immediately. In this position, Mr. Montgomery serves as the Registrant’s principal operations officer. Mr. Montgomery has served in various capacities with the Registrant since 1993. He served as President of Reliv Asia Pacific from July 2012 until the present date. Previously he served as Executive Vice President and Chief Operating Officer from April 2007 to July 2012 and Senior Vice President – Worldwide Operations from 2004 to 2007. Mr. Montgomery graduated from Southwest Missouri State University, now known as Missouri State University, with B.S. degree in Finance and Investments. Mr. Montgomery is the son of Robert L. Montgomery, who will continue on as Chairman of the Registrant’s Board of Directors. He is also the brother of Ryan A. Montgomery, who currently serves as Chief Executive Officer.
Mr. Montgomery has an employment agreement with the Registrant dated January 2008 which has term of one year, with automatic renewal provisions. Under the event of termination, he is entitled to six month’s salary, payable over a 12 month period. Mr. Montgomery is currently paid a base salary and other cash compensation totaling $207,100 on an annual basis. Mr. Montgomery currently has stock option grants with a vested balance of 4,885 shares of common stock and unvested grants for 22,257 shares at an exercise price of $7.77. All grants have an expiration date of March 10, 2020.
Item 9.01. Financial Statements and Exhibits
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Exhibits |
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99.1 |
Press Release dated July 2, 2018 captioned: “Reliv International Announces Executive Promotions.” |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Reliv International, Inc. has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized, in the City of Chesterfield, State of Missouri, on July 3, 2018.
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RELIV’ INTERNATIONAL, INC. |
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By: |
/s/ Steven D. Albright |
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Steven D. Albright |
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Chief Financial Officer |
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Exhibit 99.1
PRESS RELEASE
Media Contact:
Kurt Wulff
kwulff@relivinc.com
636-733-1433
Reliv International Announces Executive Promotions
CHESTERFIELD, MO, July 2, 2018 – Reliv International, Inc. (NASDAQ:RELV), a maker of nutritional supplements that promotes optimal health, today announced a series of internal executive promotions.
Tom Pinnock to President of Sales and Marketing
For over three decades, Tom has built and led an organization of tens of thousands of Reliv Distributors. From 1992-1994 he held the position of Senior Vice President of Sales, returning to the field from 1994-2017. For the past 18 months, he has served as Executive Vice President of Sales and Marketing at the corporate office.
“Tom’s role going forward will be to continue to motivate and lead the field, as well as define and teach sales strategies that are relevant in today’s direct selling and wellness industries,” said Reliv Chief Executive Officer Ryan Montgomery. “Tom brings a unique skillset to his position in that he knows the mindset of Distributors and is also experienced to lead from the corporate office.”
R. Scott Montgomery to President of Operations and International, Reliv Kalogris Foundation Chairman
Previously President of Reliv Asia-Pacific and Chairman of the Reliv Kalogris Foundation, Scott has 30 years of experience with Reliv, from operations and marketing to international development.
“Scott is very connected and involved with the direct selling industry and its trends,” said Reliv CEO Ryan Montgomery. “Going forward, Scott is the perfect leader to oversee Reliv’s operations and manage the international markets, as well as offer tremendous experience and input for the sales and marketing effort.”
Debra Hellweg to Senior Vice President and Chief Operating Officer
Debra joined Reliv in 2004 to establish and manage the Internal Audit Department. She was appointed Vice President of Operations in 2008 and was responsible for additional departments including IT, Human Resources, the Distributor Services Center and Travel. Additional leadership roles include various purchasing functions and Distributor compliance.
“Debra understands the Distributor environment and has been integral with leading projects to modernize Reliv and its information technology and tools,” said Reliv CEO Ryan Montgomery.
Kurt Wulff to Senior Vice President of Marketing
Kurt joined Reliv in 1999 and was promoted to Vice President in 2005. He is responsible for the management and strategic direction of the marketing staff at corporate headquarters and oversight for international marketing efforts.
“In today’s technology age, Kurt has been instrumental with devising, coordinating and leading projects that are necessary to not only compete in today’s online world, but are innovative and stay ahead of marketing trends,” said Reliv CEO Ryan Montgomery.
Jim Lahm to Vice President of Information Technology
“For the past decade, Jim has run the IT department and continues to push Reliv’s systems forward,” said Reliv CEO Ryan Montgomery. “He continues to upgrade every component of our commission system, as well as provide information and metrics for management. Jim understands the technology needs of Distributors and is always thinking of ways to improve the ways we deliver information and tools, and he was key to the development of Reliv’s new mobile application.”
Steve Albright to continue as Senior Vice president and Chief Financial Officer
“For 26 years, Steve has done tremendous work to manage Reliv’s finance and public company accounting in the U.S. and 15 international markets,” said Reliv CEO Ryan Montgomery. ”Steve continues to be a huge asset for Reliv and its financial strategies and corporate structure going forward.”
About Reliv International, Inc.
Reliv International, based in Chesterfield, MO, produces nutritional supplements that promote optimal nutrition. Reliv supplements address core nutrition and targeted solutions. Reliv is the exclusive provider of LunaRich® products, which optimize levels of lunasin, a soy peptide that works at the epigenetic level to promote optimal health. The company sells its products through an international network marketing system of independent distributors in 15 countries. Learn more about Reliv at reliv.com, or on Facebook, Twitter or Instagram.