Current Report Filing (8-k)
April 25 2018 - 6:09AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
April 24, 2018
AMERICAN
CANNABIS COMPANY, INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
(State
or other jurisdiction of incorporation or organization)
|
Commission
File Number
000-26108
|
90-1116625
(I.R.S.
Employer
Identification
Number)
|
5690
Logan St # A, Denver, Colorado 80216
(Address
of Principal Executive Offices and Zip Code)
(303)
974-4770
(Issuer's
telephone number)
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. [ ]
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
(b)
On April 24, 2018, the Registrant terminated the engagement of its Chief Financial Officer, J. Michael Tuohey. On April 24, 2018,
the Registrant appointed R. Leslie Hymers, III, age 34, as its Chief Financial Officer. Mr. Hymers does not have a family relationship
with any director, executive officer, or person nominated or chosen by the Registrant to become a director or executive officer.
Since
the beginning of the Registrant's last fiscal year to the effective date of Mr. Hymers’ appointment, Mr. Hymers has not
been a participant, nor has he had any direct or indirect material interest in any transaction in which the Company was or is
to be a participant, and the amount involved exceeded $120,000.
Mr.
Hymers agreed to render services as Chief Financial Officer to the Registrant. Mr. Hymers’ duties include but are not limited
to: providing such services and fiduciary duties as are provided by a Chief Financial Officer of a publicly traded fully reporting
company in compliance with the 1934 Securities and Exchange Act, the 2002 Sarbanes-Oxley Act, and the Rules and Regulations promulgated
by the Securities and Exchange Commission. The Registrant agreed to compensate Mr. Hymers with a monthly fee of $6,000.00 and
an annual cashless warrant to purchase common stock of $125,000. The Registrant also agreed to issue a one-time signing bonus
of 50,000 shares of its restricted common stock, deemed earned as of April 24, 2018.
Mr.
Hymers is a licensed CPA in the state of California. During his career as a tax professional at Ernst & Young, LLP, Mr. Hymers
provided tax services to several prominent entertainment and real estate companies. His extensive experience with Entertainment
and Private Equity industries together with his prolonged involvement with public companies in different roles makes him a key
asset to the Registrant. Mr. Hymers currently serves as a director and Chief Financial Officer of Marijuana Company of America,
Inc. (OTC: MCOA) and also previously served as the CFO of Global Hemp Group (OTC: GBHPF). Mr. Hymers is the Managing Partner of
Pinnacle Tax Services, LLC, and holds a Master of Science in Taxation degree and a Bachelor's of Science degree in Accountancy
from California State University, Northridge. He is the founding managing editor of the University's: "Tax Development Journal."
Mr. Hymers is one of nine professionals appointed to a newly formed Cannabis Advisory Taxation Taskforce (CATT) to help the California
state legislature develop and enhance new cannabis tax laws and regulations.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated
April 24, 2018
AMERICAN
CANNABIS COMPANY, INC.
(Registrant)
By:
/s/
Terry Buffalo
Terry
Buffalo
Principal
Executive Officer
American Cannabis (QB) (USOTC:AMMJ)
Historical Stock Chart
From May 2024 to Jun 2024
American Cannabis (QB) (USOTC:AMMJ)
Historical Stock Chart
From Jun 2023 to Jun 2024