Item 1. Legal Proceedings
Item
1
Legal Proceedings
Our company was named as a defendant in a lawsuit filed on
April 6, 2017, by Douglas Horn in the Maricopa County, Arizona, Superior Court,
styled as Horn v. The Alkaline Water Company, Inc., et al., cause number
CV2017-005485. Mr. Horn sought damages arising out of the alleged breach of a
written employment agreement between our company and Mr. Horn. Mr. Horn alleged
that our company has failed to pay wages and to transfer stock allegedly owed to
him under the terms of his employment agreement. Our company denied the
allegations of the claims, and moved to dismiss pursuant to the terms of the
employment agreement which require that all disputes be resolved by arbitration.
In response, Mr. Horn filed a notice of dismissal of all claims in that court,
without prejudice. On September 21, 2017, Mr. Horn filed a Demand for
Arbitration with the American Arbitration Association, asserting the same
claims. The claim has been assigned No. 01-17-0005-6474. Our company has
responded, denying any liability to Mr. Horn and the matter is currently in the
discovery phase. The arbitration has been set for a three day hearing on March
19 to 21, 2019. Our company intends to defend the claim vigorously.
17
Except as detailed above, we know of no material pending legal
proceedings to which our company or any of our subsidiaries is a party or of
which any of our properties, or the properties of any of our subsidiaries, is
the subject. In addition, we do not know of any such proceedings contemplated by
any governmental authorities.
Except as detailed above, we know of no material proceedings in
which any of our directors, officers or affiliates, or any registered or
beneficial stockholder is a party adverse to our company or any of our
subsidiaries or has a material interest adverse to our company or any of our
subsidiaries.
Item
1A. Risk
Factors
Information regarding risk factors appears in our Annual Report
on Form 10-K filed on June 29, 2018. There have been no material changes since
June 29, 2018 from the risk factors disclosed in that Form 10-K.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.