JVA 8-K
Coffee Holding Co Inc (JVA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 29, 2026, the compensation committee (the “Committee”) of the board of directors of Coffee Holding Co., Inc., a Nevada corporation (the “Company”) authorized and approved Amendment No. 2 to the Amended and Restated Employment Agreement by and between the Company and Andrew Gordon, the Company’s President and Chief Executive Officer (the “Employment Agreement”). Amendment No. 2 was executed by the Company and Mr. Gordon on August 31, 2026.
The changes to the Employment Agreement resulting from Amendment No. 2 are to:
| ● | Restore Mr. Gordon’s base salary to $450,000 per annum effective as of February 1, 2026, effectively reversing Amendment No. 1 to the Employment Agreement which had decreased Mr. Gordon’s base salary to $80,000 per annum. Amendment No. 2 provides for Mr. Gordon to receive a make-whole payment as soon as practicable after Amendment No. 2 is executed for the amount of base salary he would have received since February 1, 2026 had his base salary been paid at the rate of $450,000 per annum; and | |
| ● | Eliminate the incentive bonus that had been provided for in Amendment No. 1 to the Employment Agreement. Under Amendment No. 1, Mr. Gordon would have been eligible for an incentive bonus in the amount of $1.6 million if he remained employed with the Company until January 1, 2030. |
The foregoing description of Amendment No. 2 is a summary only and is qualified in its entirety by reference to the full text of Amendment No. 2, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. |
Description | |
| 10.1 | Amendment No. 2, dated August 31, 2026, to the Amended and Restated Employment Agreement by and between Coffee Holding Co., Inc. and Andrew Gordon. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: August 31, 2026 | Coffee Holding Co., Inc. | |
| (Registrant) | ||
| By: | /s/ Andrew Gordon | |
| Andrew Gordon | ||
| President and Chief Executive Officer | ||
Exhibit 10.1
AMENDMENT NO. 2 TO AMENDED AND
RESTATED EMPLOYMENT AGREEMENT
This Amendment No. 2 (the “Second Amendment”) is made and entered into as of the last date that appears below the parties’ signature lines on the last page of this Amendment, by and between Coffee Holding Co., Inc. (“Company”) and Mr. Andrew Gordon, an individual, (the “Executive”) (each individually, a “Party,” and collectively, the “Parties”).
WHEREAS, the Company and Executive entered into that certain Amended and Restated Employment Agreement, dated April 11, 2008 (the “2008 Agreement”);
WHEREAS, the Company and Executive entered into that certain Amendment No. 1 to the 2008 Agreement, dated February 26, 2026 (the “First Amendment”);
WHEREAS, the Parties wish to further amend the 2008 Agreement, as amended by the First Amendment (the “Employment Agreement”), as set forth herein; and
WHEREAS, the defined terms in the Employment Agreement shall have the same meaning as in the Employment Agreement when used in this Second Amendment.
NOW, THEREFORE, in consideration of the mutual covenants, promises, and obligations, set forth herein, the Parties agree that the Employment Agreement is hereby amended as follows:
| I. | Amendments to the Employment Agreement. |
A. Section 3.1 of the Employment Agreement is hereby deleted in its entirety and replaced by the following text:
Section 3.1 Base Salary. Beginning as of February 1, 2026, and continuing during the Employment Term, as compensation for services hereunder and in consideration for the protective covenants set forth in Article V of this Agreement, Executive shall be paid base salary at an annual rate of $450,000.00 (Four Hundred and Fifty Thousand Dollars) or such greater amount as may from time to time be approved by the Compensation Committee of the Board (the “Base Salary”). Base Salary shall be paid to Executive in accordance with the Company’s normal payroll practices; provided that as soon as administratively following execution of Amendment No. 2 to this Agreement, Executive shall be paid a lump sum in respect of the additional Base Salary that would have been paid Executive had the foregoing Base Salary rate been in effect since February 1, 2026.
B. Section 3.2.1 (Incentive Bonus) of the Employment Agreement is hereby deleted in its entirety.
| II. | No Other Amendments. |
Except as specifically set forth in this Amendment, there are no other amendments to the Employment Agreement and the Employment Agreement shall remain unmodified and in full force and effect.
[Signature Page Follows]
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 2 to the Employment Agreement as of the dates set forth below.
| COFFEE HOLDING CO., INC. | ||||
| /s/ Andrew Gordon | By: | /s/ David Gordon | ||
| Andrew Gordon | ||||
| Dated: | August 31, 2026 | Print Name: | David Gordon | |
| Print Title: | Executive Vice President and Secretary | |||
| Dated: | August 31, 2026 | |||