---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-003768"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2024-06-20T23:59:59+00:00"
generated_at: "2026-06-01T03:43:01.808278+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CEO Austen Lambrecht gains voting control via Series B preferred stock gift from father

## Summary
- Gregory Lambrecht gifted 60 shares of Series B Preferred Stock to his son Austen Lambrecht, the current CEO.
- Austen now owns all 90 outstanding Series B Preferred shares, giving him voting control of the company.
- Series B shares have voting rights equal to 10 times the combined votes of common and other preferred stock.
- The change in control occurred on June 14, 2024.

## SEC filing metadata
- accession: 0001477932-24-003768
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2024-06-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877461/000147793224003768/0001477932-24-003768-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793224003768/onesix_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-003768
- JSON: https://secwatch.observer/filing/0001477932-24-003768.json
- Plain text: https://secwatch.observer/filing/0001477932-24-003768.txt

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