secwatch.observer — SEC 8-K summary
======================================

Issuer:     1606 CORP. (CBDW)
CIK:        0001877461
Form:       8-K
Filed at:   2024-06-20T23:59:59+00:00
Accession:  0001477932-24-003768
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877461/000147793224003768/0001477932-24-003768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877461/000147793224003768/onesix_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-003768

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer