Functional Brands amends 8-K to disclose CFO-owned Atlas services agreement
Functional Brands Inc
Functional Brands Inc MEHA | 0.00 |
- Functional Brands filed an amended Form 8-K to correct its May 20, 2026 report by adding previously omitted disclosure on a related-party services agreement tied to newly appointed CFO and director David R. Wells.
- The filing discloses a services contract with Wells-owned Atlas Bookkeeping for bookkeeping, financial reporting, investor relations, finance, and administrative support, amended effective April 15, 2026 to raise the monthly fee to 18,000 from 13,000.
- Payments to Atlas totaled about 89,833 from November 2025 through May 21, 2026, including professional fees and reimbursable expenses.
- The agreement runs for an initial six-month term with automatic six-month renewals unless terminated with 30 days’ notice.
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