Current Report Filing (8-k)
October 26 2018 - 6:04AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
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): October 24, 2018
KUSHCO
HOLDINGS, INC.
(Exact name of registrant as specified in
its charter)
Nevada
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000-55418
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46-5268202
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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11958 Monarch Street, Garden Grove, CA
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92841
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number, including
area code:
(714) 243-4311
(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:
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¨
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Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
x
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.
x
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Item 5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
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On October 24, 2018, the Compensation
Committee of the Board of Directors of KushCo Holdings, Inc. (the “Company”) granted an option to purchase 175,000
shares of the Company’s common stock (the “Option”) pursuant to the Company’s 2016 Stock Incentive Plan
to Nicholas Kovacevich, the Company’s Chairman and Chief Executive Officer, in lieu of a cash performance bonus with respect
to the fiscal year ended August 31, 2018. The exercise price per share of the Option is $5.21, which was the closing price of
the Company’s common stock on the OTCQB Venture Market on the date of grant. One-third of the shares underlying the Option
will vest on the one-year anniversary of the grant date, and the remaining underlying shares will vest ratably on a monthly basis
over the following twenty-four months.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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KUSHCO HOLDINGS, INC.
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(Registrant)
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October 25, 2018
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/s/ Nicholas Kovacevich
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(Date)
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Nicholas Kovacevich
Chairman and Chief Executive Officer
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