secwatch.observer — SEC 8-K summary
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Issuer:     Starco Brands, Inc. (STCB)
CIK:        0001539850
Form:       8-K/A
Filed at:   2021-07-22T23:59:59+00:00
Accession:  0001091818-21-000097
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539850/000109181821000097/0001091818-21-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539850/000109181821000097/stcbform8ka07222021.htm
  HTML page:      https://secwatch.observer/filing/0001091818-21-000097

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