leadership
confidence high
sentiment neutral
materiality 0.65
1606 Corp. CEO/CFO/Chairman Gregory Lambrecht resigns; son Austen Lambrecht appointed to all three roles
1606 CORP.
- Gregory Lambrecht resigned as CEO, CFO, and Chairman effective May 28, 2024, not due to any disagreement with the company.
- Austen Lambrecht, age 26, appointed CEO, CFO, and Chairman on same date; he is the son of the former CEO.
- Austen Lambrecht has an employment agreement from Feb 28, 2024 with $97,000 annual salary, bonus, 20 vacation days, and 30 shares of Series B Preferred Stock.
- He previously served as VP of Operations since June 2021 and worked in business development and R&D.