{"url_path":"/sec/meha/8-k/2026-05-20/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-20","source_url":"https://www.sec.gov/Archives/edgar/data/1837254/0001213900-26-059603-index.html","accession_number":"0001213900-26-059603","cik":"0001837254","ticker":"MEHA","issuer_name":"Functional Brands Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1837254/0001213900-26-059603-index.html","primary_entity_key":"0001837254","primary_entity_name":"Functional Brands Inc."},"word_count":606,"has_tables":true,"body_markdown":"Item 5.02. Departure of Directors or Certain\nOfficers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.\n\n \n\n*(a) Resignation\nof Board Member; Transition of Chief Financial Officer.*\n\n* *\n\nOn May 17, 2026, Tariq Rahim\nsubmitted his letter of resignation as a member of the Board of Directors (“Board”) of Functional Brands Inc. (the “Company”),\neffective immediately. Effective May 18, 2026, Mr. Rahim also ceased serving as the Company’s Chief Financial Officer and transitioned\nto the role of Vice President, Finance, a non-executive officer position.\n\n \n\nMr. Rahim’s resignation\nfrom the Board and transition from Chief Financial Officer to Vice President, Finance, was not the result of any disagreement with the\nCompany regarding its operations, policies or practices, including any matter relating to the Company’s financial reporting or accounting\npractices.\n\n \n\nA copy of Mr. Rahim’s\nresignation letter relating to his resignation from the Board is filed as Exhibit 17.1 to this Current Report on Form 8-K.\n\n \n\n*(b) Appointment\nof New Chief Financial Officer and Board Member.*\n\n* *\n\nIn connection with Mr. Rahim’s\nresignation from the Board and transition from his Chief Financial Officer role, effective May 18, 2026, David R. Wells was appointed\nas a member of the Company’s Board and as the Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer\nof the Company pursuant to a unanimous written consent approved by the Board on May 19, 2026. \n\n \n\n**David R. Wells** (age\n63). Since December 2022, David R. Wells has served as a director of HeartSciences, Inc., a publicly traded healthcare\ninformation technology company. From August 2023 to May 2025, Mr. Wells served as the Chief Financial Officer of Envoy Medical,\nInc., a publicly traded medical device company in the hearing health space. Also, Mr. Wells is a partner of Atlas Bookkeeping, LLC, a\ntechnology-based financial services firm providing bookkeeping and reporting for emerging growth and small cap public and privately held\ncompanies, which he founded in October 2022. Prior to that, Mr. Wells served as the Chief Financial Officer of GHS Investments, LLC, a\nprivately held “super value” fund focused on small to mid-cap companies, from June 2021 to September 2022, and served as the\nChief Financial Officer of ENDRA Life Sciences Inc., a publicly traded clinical diagnostics technology company, initially on an interim\nbasis beginning in May 2014, and on a continuing basis beginning in 2017 until June 2021. Mr. Wells was the founder of Wells Compliance\nGroup, a technology-based services firm supporting the financial reporting needs of publicly traded companies and privately held firms\nwhose investor or shareholder base required timely GAAP-compliant financial reporting. During his time at StoryCorp Consulting, Inc. (d/b/a/\nWells Compliance Group) from September 2009 to June 2021, Mr. Wells consulted with several emerging growth publicly traded companies.\nHe possesses over 30 years of experience in finance, operations and administrative positions. Mr. Wells holds an MBA from Pepperdine University\nand a BS in Finance and Entrepreneurship from Seattle Pacific University.\n\n \n\n*(c) Compensatory\nArrangements of Certain Officers.*\n\n* *\n\nThe Company has not entered\ninto any material plan, contract or arrangement with Mr. Wells in connection with his appointment at this time. To the extent any such\nmaterial compensatory arrangement is entered into or becomes determined following the filing of this Current Report on Form 8-K, the Company\nwill file an amendment to this Current Report on Form 8-K disclosing such information to the extent required by applicable SEC rules and\nregulations.\n\n \n\nThere are no family relationships\nbetween Mr. Wells and any director or executive officer of the Company, and there are no transactions involving Mr. Wells (or any member\nof his immediate family) requiring disclosure under Item 404(a) of Regulation S-K."}