Functional Brands CFO Tariq Rahim resigns, David Wells appointed as replacement

Filed May 20, 2026 · Period ending May 17, 2026 · ~1 min read

Key Changes

• high

  CFO Tariq Rahim resigned from the Board on May 17 and stepped down as CFO on May 18, transitioning to VP Finance (non-executive role). Company states no disagreement on operations or financial reporting.

  Item 5.02 verify on EDGAR →
• high

  David R. Wells appointed as new CFO, Principal Financial Officer, and Board member effective May 18. Wells brings 30+ years finance experience, previously served as CFO at Envoy Medical and ENDRA Life Sciences.

  Item 5.02 verify on EDGAR →
• medium

  No compensation arrangement finalized for new CFO Wells at time of filing. Company will file amendment once material terms are determined.

  Item 5.02 verify on EDGAR →