Starco Brands directors resign; separation pacts include loan repayment, monthly pay, stock buybacks

Starco Brands, Inc.

Sanford Lang and Martin Goldrod resigned as directors effective June 16, 2021; Goldrod also resigned as Secretary.
Company will repay $296,477 loan to Lang and pay back-pay of $41,600 (Lang) and $10,350 (Goldrod).
Monthly separation benefits: Lang $7,950 for 36 months; Goldrod $3,000 for 36 months.
Company will purchase from Lang up to 3,250,000 shares and from Goldrod up to 406,000 shares at VWAP.
Both directors provided general releases of claims against the company and related parties.

item 9.01 item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Martin Goldrod

Director and Secretary

STCB · Starco Brands, Inc.

Effective: 2021-06-16
Filed: July 22, 2021, 7:59 PM ET

Mr. Lang and Mr. Goldrod each resigned from their positions as members of the Board of Directors. Mr. Goldrod also resigned as Secretary of the Company.

Departed

Sanford Lang

Director

STCB · Starco Brands, Inc.

Effective: 2021-06-16
Filed: July 22, 2021, 7:59 PM ET

On June 13, 2021, Starco Brands, Inc. (the "Company”) entered into Separation Agreements (the "Separation Agreements") with Sanford Lang ("Mr. Lang") and Martin Goldrod ("Mr. Goldrod") where effective as of June 16, 2021, Mr. Lang and Mr. Goldrod each resigned from their positions as members of the Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Martin Goldrod resigned as Director and Secretary at Starco Brands, Inc..

Action: resigned
Role: Director and Secretary

Exact text from the filing

Mr. Lang and Mr. Goldrod each resigned from their positions as members of the Board of Directors. Mr. Goldrod also resigned as Secretary of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Sanford Lang resigned as Director at Starco Brands, Inc..

Action: resigned
Role: Director

Exact text from the filing

On June 13, 2021, Starco Brands, Inc. (the "Company”) entered into Separation Agreements (the "Separation Agreements") with Sanford Lang ("Mr. Lang") and Martin Goldrod ("Mr. Goldrod") where effective as of June 16, 2021, Mr. Lang and Mr. Goldrod each resigned from their positions as members of the Board of Directors.

View on SEC.gov

Starco Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001091818-21-000097

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.