secwatch.observer — SEC 8-K summary
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Issuer:     1606 CORP. (CBDW)
CIK:        0001877461
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0001477932-23-000504
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1606 Corp expands board to four; appoints two independent directors and CEO's son
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- On Jan 20, 2023, CEO Greg Lambrecht appointed Govindan Gowrishankar and Venu Aravamudan as independent directors.
- Austen Lambrecht (CEO's son) also appointed as director; board now has four members.
- Austen Lambrecht has been VP of Operations since June 2021; no compensation for directors at this time.
- Gowrishankar (57) has experience in SaaS, mobile, e-commerce; Aravamudan (58) has 30+ yrs in software engineering and cloud.
- No reportable transactions under Item 404(a) for new directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877461/000147793223000504/0001477932-23-000504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877461/000147793223000504/onesix_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-000504

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