8-K/A: Reborn Coffee Files Amendment, CEO/CFO Resigns, New Interim CFO Appointed

Reborn Coffee, Inc. files an amendment to its Form 8-K to clarify the resignation of Jay Kim from all executive and director roles and appoints Jung Jae Lim as interim Chief Financial Officer.

Summary

• This filing is an amendment (Amendment No. 1) to a previous Form 8-K filed on June 10, 2026.
• The amendment clarifies that Jay Kim has resigned from all positions, including Co-Chief Executive Officer, Chief Financial Officer, and Director, effective immediately on June 4, 2026.
• Jay Kim's resignation from the Chief Financial Officer and Director roles was inadvertently omitted in the original filing.
• Jung Jae Lim, who has been Co-Chief Executive Officer since March 2026, will assume full CEO responsibilities.
• Jung Jae Lim has been appointed as the interim Chief Financial Officer and Principal Accounting Officer, effective June 15, 2026.
• Mr. Lim has over 20 years of experience in logistics and supply chain management.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a negative development due to the significant executive departures, although the appointment of an experienced interim CFO mitigates some immediate concerns.

Positives

• Jay Kim's resignation from all roles has been clarified, providing full transparency.
• Jung Jae Lim, with extensive leadership experience, has been appointed as interim CFO, ensuring continuity in financial oversight.
• The company has a clear leadership structure with Jung Jae Lim as full CEO and interim CFO.

Negatives

• The departure of Jay Kim from multiple key executive and director positions, including CFO, indicates potential instability or strategic shifts.
• The need for an interim CFO suggests a gap in financial leadership that may require a permanent solution.

Risks

• Potential disruption to financial operations and strategic planning due to the sudden departure of key personnel.
• Uncertainty regarding the long-term financial strategy and leadership following the CFO's resignation.
• The company's ability to attract and retain qualified financial leadership in the future.

Future Outlook

No specific future outlook or guidance is provided in this amendment, which focuses on personnel changes.

Management Comments

• Jay Kim notified the Board of his resignation as Co-Chief Executive Officer, Chief Financial Officer, Director, and from all other positions, offices, directorships, committee memberships, and responsibilities that he holds in the Company and each of its subsidiaries and affiliates.
• Jung Jae Lim has served as Co-Chief Executive Officer of the Company since March 2026 and has assumed full responsibilities as Chief Executive Officer.
• Mr. Lim has more than 20 years of leadership experience in logistics and supply chain management, with a background overseeing large-scale operations, multi-node distribution networks, and end-to-end supply chain execution across multiple sectors.

Industry Context

StockSavvy.ai notes that executive turnover, particularly at the CFO level, can be a signal of internal challenges or strategic realignments within the coffee retail and hospitality sector, which is highly competitive and sensitive to operational efficiency and financial management.

Management Changes

Stakeholder Impact

• Shareholders: May experience uncertainty due to significant executive changes, potentially impacting stock price.
• Employees: May face concerns about company stability and future direction.
• Creditors/Suppliers: May seek reassurance regarding the company's financial stability and leadership continuity.

Next Steps

• The company will likely focus on stabilizing financial operations under the new interim CFO.
• The Board may initiate a search for a permanent Chief Financial Officer.
• Reborn Coffee, Inc. will continue to operate under the leadership of Jung Jae Lim as CEO and interim CFO.

Key Dates

Recommendation

The filing details significant executive departures, including the CFO, which introduces uncertainty. While an experienced interim CFO has been appointed, the lack of clarity on the reasons for resignation and the search for a permanent CFO warrants a cautious 'hold' stance until more information is available.

Keywords

Reborn Coffee, 8-K/A, Amendment, Jay Kim, Jung Jae Lim, Resignation, CFO Appointment, Interim CFO