secwatch.observer — SEC 8-K summary
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Issuer:     1606 CORP. (CBDW)
CIK:        0001877461
Form:       8-K
Filed at:   2024-05-31T23:59:59+00:00
Accession:  0001477932-24-003428
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877461/000147793224003428/0001477932-24-003428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877461/000147793224003428/onesix_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-003428

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