secwatch.observer — SEC 8-K summary
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Issuer:     BrewBilt Brewing Co (—)
CIK:        0001399306
Form:       8-K
Filed at:   2023-09-13T23:59:59+00:00
Accession:  0001399306-23-000021
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BrewBilt CEO Jef Lewis resigns; COO Bennett Buchanan appointed as CEO, Secretary & Treasurer
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- Jef Lewis resigned as CEO, Secretary, and Treasurer effective Sept 5, 2023; remains on board with $36,000/yr salary and 559 Preferred Series A shares ($150,000 stated value).
- Bennett Buchanan appointed CEO, Secretary, and Treasurer; salary $250,000/yr, 559 Preferred Series A shares ($150,000 value), term through Dec 31, 2024.
- Company issued 1,965 Preferred Series A shares ($527,500) to Lewis and 1,185 shares ($318,159) to Buchanan for unpaid wages.
- Employment agreement has 90-day termination notice clause; unpaid salary accrues 6% interest and may convert to Preferred Series A shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1399306/000139930623000021/0001399306-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1399306/000139930623000021/brbl-8k.htm
  HTML page:      https://secwatch.observer/filing/0001399306-23-000021

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