8-K filed May 13, 2026, 2:31 PM ET ticker GROO CIK 0001499275

other material confidence high sentiment negative materiality 0.95

Groovy Company CEO Abajian exits May 1; accountant dismissed after SEC suspension; authorized common cut to 100M shares

GROOVY COMPANY, INC.

On Aug 13, 2025, board dismissed Olayinka Oyebola & Co. after SEC suspended firm for fraud; new auditor Boladale Lawal & Co. engaged May 10, 2026.
CEO Berj Abajian and CLO Jeffrey Turner left May 1, 2026; co-founder Franjose Yglesias named interim CEO and remains CTO.
Articles of Amendment effective Apr 14, 2026 cut authorized common from 20B to 100M shares and created 3 preferred series totaling 1.7B shares.
Principal executive offices moved from Fairfield, NJ to Atlanta, GA effective May 1, 2026.
Former auditor reports contained going-concern doubt; the 8-K is filed delinquently for both accountant change and leadership events.

item 4.01 item 4.02 item 5.03 item 5.02 item 8.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001499275-26-000007
form_type: 8-K
ticker: GROO
cik: 0001499275
company_name: GROOVY COMPANY, INC.
filed_at: 2026-05-13T18:31:07+00:00
discovered_at: 2026-05-13T18:32:00.703463+00:00
generated_at: 2026-05-13T18:36:34.712333+00:00
sec_items: ["4.01", "4.02", "5.03", "5.02", "8.01", "9.01"]
event_type: other_material
sentiment: negative
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: high
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markdown_url: https://secwatch.observer/filing/0001499275-26-000007.md
text_url: https://secwatch.observer/filing/0001499275-26-000007.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1499275/000149927526000007/0001499275-26-000007-index.htm
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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Franjose Yglesias

Interim Chief Executive Officer

GROO · GROOVY COMPANY, INC.

Effective: 2026-05-01
Filed: May 13, 2026, 2:31 PM ET

Effective May 1, 2026, the Company’s Board of Directors appointed Franjose (“Frank”) Yglesias to serve as Interim Chief Executive Officer of the Company, in addition to his continuing roles as Chief Technology Officer.

Departed

Jeffrey D. Turner

Chief Legal Officer

GROO · GROOVY COMPANY, INC.

Effective: 2026-05-01
Filed: May 13, 2026, 2:31 PM ET

Effective May 1, 2026, Jeffrey D. Turner ceased to serve as the Company’s Chief Legal Officer.

Departed

Berj Abajian

Director

GROO · GROOVY COMPANY, INC.

Effective: 2026-05-01
Filed: May 13, 2026, 2:31 PM ET

Effective May 1, 2026, Berj Abajian ceased to serve as the Chief Executive Officer of Groovy Company, Inc. (the “Company”) and as a member of the Company’s Board of Directors.

Departed

Berj Abajian

Chief Executive Officer

GROO · GROOVY COMPANY, INC.

Effective: 2026-05-01
Successor: Franjose Yglesias
Filed: May 13, 2026, 2:31 PM ET

Effective May 1, 2026, Berj Abajian ceased to serve as the Chief Executive Officer of Groovy Company, Inc. (the “Company”) and as a member of the Company’s Board of Directors.

Departed

John Morgan

Vice President, Issuer Services

GROO · GROOVY COMPANY, INC.

Effective: 2026-05-01
Filed: May 13, 2026, 2:31 PM ET

Effective May 1, 2026, John Morgan ceased to serve as the Company’s Vice President, Issuer Services.

Source-grounded claims

177a0bfe6395d0695faf11a7a3002635ba628290

GROOVY COMPANY, INC. dismissed Olayinka Oyebola & Co. (Chartered Accountants) as its auditor.

(a) Dismissal of Previous Independent Registered Public Accounting Firm. On August 13, 2025, the Board of Directors of Groovy Company, Inc.

SEC 8-K Item 4.01/4.02 confidence 0.9 SEC evidence

0328340ad0

Franjose Yglesias was appointed as Interim Chief Executive Officer at GROOVY COMPANY, INC..

Effective May 1, 2026, the Company’s Board of Directors appointed Franjose (“Frank”) Yglesias to serve as Interim Chief Executive Officer of the Company, in addition to his continuing roles as Chief Technology Officer.

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

5f548d1c08

Jeffrey D. Turner departed as Chief Legal Officer at GROOVY COMPANY, INC..

Effective May 1, 2026, Jeffrey D. Turner ceased to serve as the Company’s Chief Legal Officer.

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

724041ee29

Berj Abajian departed as Director at GROOVY COMPANY, INC..

Effective May 1, 2026, Berj Abajian ceased to serve as the Chief Executive Officer of Groovy Company, Inc. (the “Company”) and as a member of the Company’s Board of Directors.

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

8d09eb05db

Berj Abajian departed as Chief Executive Officer at GROOVY COMPANY, INC..

Effective May 1, 2026, Berj Abajian ceased to serve as the Chief Executive Officer of Groovy Company, Inc. (the “Company”) and as a member of the Company’s Board of Directors.

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

ea9b78d025

John Morgan departed as Vice President, Issuer Services at GROOVY COMPANY, INC..

Effective May 1, 2026, John Morgan ceased to serve as the Company’s Vice President, Issuer Services.

SEC 8-K Item 5.02 confidence 0.9 SEC evidence

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Source: SEC EDGAR

accession 0001499275-26-000007

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