{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-24-000998","form_type":"8-K","ticker":"CBDW","cik":"0001877461","company_name":"1606 CORP.","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.196784+00:00","generated_at":"2026-06-05T05:02:24.467380+00:00","sec_items":["1.01","3.02","3.03","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"1606 Corp. creates super-voting preferred stock, enters CEO/VP employment agreements","bullets":["CEO Gregory Lambrecht gets 3-year term, $250k salary, 60 shares of Series B Super Voting Preferred.","VP Austen Lambrecht gets 3-year term, $97k salary, 30 shares of Series B Super Voting Preferred.","Series B Preferred carries voting power equal to 10x all common and other preferred shares combined.","Series B Preferred terminates after 5 years unless extended by majority vote of common stockholders.","Issuance exempt from registration under Rule 506(b); no commissions or finder's fees paid."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-24-000998","json":"https://secwatch.observer/filing/0001477932-24-000998.json","markdown":"https://secwatch.observer/filing/0001477932-24-000998.md","text":"https://secwatch.observer/filing/0001477932-24-000998.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1877461/000147793224000998/0001477932-24-000998-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1877461/000147793224000998/onesix_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T05:02:24.467380+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"36aa0d9666b3a759c9383c5f4181db16af6a5c39","claim":"1606 CORP.: Filed Certificate of Designation creating Series B Super Voting Preferred Stock, establishing rights and preferences (effective 2024-02-20).","evidence_excerpt":"On February 20, 2024, the Board of Directors of the Company approved the filing of an amendment to the Company’s Certificate of Incorporation (the “ Certificate of Incorporation ”), in the form of a Certificate of Designation that authorized for issuance of up to 100 shares of a new series of Preferred Stock, par value $0.0001 per share, of the Company designated “Series B Super Voting Preferred Stock” and established the rights, preferences and limitations thereof.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1877461/000147793224000998/0001477932-24-000998-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-02-20"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}