Smart for Life Inc.
12/08/2025 | Press release | Distributed by Public on 12/08/2025 15:40
Management Change/Compensation (Form 8-K)
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 4, 2025, Alfonso J. Cervantes, Jr., Loren Brown, Heather Granato and Arthur S. Reynolds resigned from the Board of Directors of Smart for Life, Inc. (the "Company"). Mr. Cervantes also resigned as Executive Chairman of the Board. Such resignations were not due to any disagreement with the Company on any matter relating to its operations, policies (including accounting or financial policies) or practices. Mr. Cervantes is becoming an advisor to the Company effective December 4, 2025.
| Item 8.01 | Other Events. |
On December 2, 2025, the Company filed a lawsuit in Palm Beach County, Florida against its former independent registered public accounting firm, RBSM LLP, seeking more than $30 million in actual and punitive damages for alleged professional negligence and breach of agreement for the Company's filing obligations with the Securities and Exchange Commission. The lawsuit alleges that RBSM LLP's actions and inactions directly caused, among other damages, the Company's 2024 delisting from the Nasdaq Stock Market, resulting in the decimation of the Company's market capitalization and severe harm to shareholders.
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