David R. Wells was named Chief Financial Officer of Functional Brands Inc., effective May 18, 2026. As of November 6, 2026, Functional Brands Inc. has reported 2 leadership change filings to the SEC under Item 5.02 of Form 8-K, from May 20, 2026 to May 22, 2026, naming 2 appointments (Form 8-K, May 22, 2026).
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Functional Brands Inc. reported changes in 2 filings among its directors and officers to the SEC on Form 8-K, Item 5.02, from 2026-05-20 to 2026-05-22. They name 1 person. Every row below is cited to the filing it comes from, and this page adds each new change as Functional Brands Inc. files it.
Also on the record for Functional Brands Inc.
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| May 19, 2026 | Stake report, Schedule 13G/A, by Helena Global Investment Opportunities 1 Ltd. | — | 5%+ stakes | Source |
| May 14, 2026 | Stake report, Schedule 13G, by Helena Global Investment Opportunities 1 Ltd. | 9.94% of the class | 5%+ stakes | Source |
| May 13, 2026 | Stake report, Schedule 13G, by Leonite Fund I, LP | 8.8% of the class | 5%+ stakes | Source |
| November 10, 2025 | Form D, private offering | $8M sold | Form D page | Source |
| November 6, 2025 | IPO filing, Form 424B4 | — | IPO filings | Source |
| October 16, 2025 | IPO filing, Form S-1/A | — | IPO filings | Source |
| October 2, 2025 | IPO filing, Form S-1/A | — | IPO filings | Source |
| September 19, 2025 | IPO filing, Form S-1/A | — | IPO filings | Source |
| September 4, 2025 | IPO filing, Form S-1/A | — | IPO filings | Source |
| August 12, 2025 | IPO filing, Form S-1/A | — | IPO filings | Source |
| July 15, 2025 | IPO filing, Form S-1/A | — | IPO filings | Source |
| May 30, 2025 | IPO filing, Form S-1/A | — | IPO filings | Source |
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More on Functional Brands Inc. and the records around it.
Functional Brands Inc. elsewhere on the record
- 5%+ stake filings May 2026
- Form D filing Nov 2025
- IPO filing Nov 2025
- Who owns it
Companies that share a holder
- Helena Global Investment Opportunities 1 Ltd. also filed stake reports on 1 other company: DevvStream Corp. (Oct 2026)
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Timeline
| Filed | In / out | Person | Role | Effective | Source |
|---|---|---|---|---|---|
| 2026-05-22 | In | Chief Financial Officer | 2026-05-18 | 8-K/A, 2026-05-22 | |
| 2026-05-20 | In | Chief Financial Officer | 2026-05-18 | 8-K, 2026-05-20 |
Who leads Functional Brands Inc., as last reported?
For each role that changed in the filings below, the most recent change reported. A role that did not change in these filings is not listed.
- Chief Financial Officer: David R. Wells, appointed, effective 2026-05-18 (filed 2026-05-22).
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Appointed: David R. Wells, Chief Financial Officer, effective 2026-05-18
In connection with Mr. Rahim's resignation from the Board and transition from his Chief Financial Officer role, effective May 18, 2026, David R. Wells was appointed as a member of the Company's Board and as the Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of the Company pursuant to a unanimous written consent approved by the Board on May 19, 2026. 2 David R. Wells (age 63).
- The Company is filing this Amendment No. 1 to disclose the existence of a Services Agreement, dated November 20, 2025, as amended on April 15, 2026, between the Company and Atlas Bookkeeping, LLC ("Atlas"), an entity owned by Mr. Wells, pursuant to which Atlas has been providing bookkeeping, financial reporting, investor relations, finance and administrative support services to the Company.
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
- (a) Resignation of Board Member; Transition of Chief Financial Officer.
- On May 17, 2026, Tariq Rahim submitted his letter of resignation as a member of the Board of Directors ("Board") of Functional Brands Inc. (the "Company"), effective immediately.
- Effective May 18, 2026, Mr. Rahim also ceased serving as the Company's Chief Financial Officer and transitioned to the role of Vice President, Finance, a non-executive officer position.
- Mr. Rahim's resignation from the Board and transition from Chief Financial Officer to Vice President, Finance, was not the result of any disagreement with the Company regarding its operations, policies or practices, including any matter relating to the Company's financial reporting or accounting practices.
Appointed: David R. Wells, Chief Financial Officer, effective 2026-05-18
In connection with Mr. Rahim's resignation from the Board and transition from his Chief Financial Officer role, effective May 18, 2026, David R. Wells was appointed as a member of the Company's Board and as the Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of the Company pursuant to a unanimous written consent approved by the Board on May 19, 2026.
- (a) Resignation of Board Member; Transition of Chief Financial Officer.
- On May 17, 2026, Tariq Rahim submitted his letter of resignation as a member of the Board of Directors ("Board") of Functional Brands Inc. (the "Company"), effective immediately.
- Effective May 18, 2026, Mr. Rahim also ceased serving as the Company's Chief Financial Officer and transitioned to the role of Vice President, Finance, a non-executive officer position.
- Mr. Rahim's resignation from the Board and transition from Chief Financial Officer to Vice President, Finance, was not the result of any disagreement with the Company regarding its operations, policies or practices, including any matter relating to the Company's financial reporting or accounting practices.
- Since December 2022, David R. Wells has served as a director of HeartSciences, Inc., a publicly traded healthcare information technology company.
- From August 2023 to May 2025, Mr. Wells served as the Chief Financial Officer of Envoy Medical, Inc., a publicly traded medical device company in the hearing health space.
- Also, Mr. Wells is a partner of Atlas Bookkeeping, LLC, a technology-based financial services firm providing bookkeeping and reporting for emerging growth and small cap public and privately held companies, which he founded in October 2022.
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Where this comes from
A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.
Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.