---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-003428"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2024-05-31T23:59:59+00:00"
generated_at: "2026-06-01T07:15:19.628458+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp. CEO/CFO/Chairman Gregory Lambrecht resigns; son Austen Lambrecht appointed to all three roles

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-24-003428
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2024-05-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877461/000147793224003428/0001477932-24-003428-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793224003428/onesix_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-003428
- JSON: https://secwatch.observer/filing/0001477932-24-003428.json
- Plain text: https://secwatch.observer/filing/0001477932-24-003428.txt

## Key facts
- Executive change
  Austen Lambrecht was appointed as Chief Executive Officer, Chief Financial Officer, and Chairman of the Board at 1606 CORP..
  - Action: appointed
  - Role: Chief Executive Officer, Chief Financial Officer, and Chairman of the Board
  source text: Effective May 28, 2024, the Board of Directors of the Company (with Austen Lambrecht abstaining) appointed Austen Lambrecht, age 26, as Chief Executive Officer (Principal Executive Officer), Chief Financial Officer (Principal Financial and Accounting Officer), and Chairman of the Board of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1877461/000147793224003428/0001477932-24-003428-index.htm
- Executive change
  Gregory Lambrecht resigned as Chief Executive Officer, Chief Financial Officer, and Chairman of the Board at 1606 CORP..
  - Action: resigned
  - Role: Chief Executive Officer, Chief Financial Officer, and Chairman of the Board
  source text: Effective May 28, 2024, Gregory Lambrecht resigned as the Chief Executive Officer, Chief Financial Officer, and Chairman of the Board of 1606 Corp., a Nevada corporation (the “ Company ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1877461/000147793224003428/0001477932-24-003428-index.htm

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