---
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"
generated_at: "2026-06-05T05:02:24.467380+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp. creates super-voting preferred stock, enters CEO/VP employment agreements

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-000998
- JSON: https://secwatch.observer/filing/0001477932-24-000998.json
- Plain text: https://secwatch.observer/filing/0001477932-24-000998.txt

## Key facts
- Governance Changes
  1606 CORP.: Filed Certificate of Designation creating Series B Super Voting Preferred Stock, establishing rights and preferences (effective 2024-02-20).
  - Change: charter amendment
  - Effective: 2024-02-20
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1877461/000147793224000998/0001477932-24-000998-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.