Current Report Filing (8-k)
February 06 2019 - 4:54PM
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): January 30, 2019
Diego Pellicer Worldwide, Inc.
(Exact Name of Registrant as Specified
in Charter)
Delaware
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000-55815
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33-1223037
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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9030 Seward Park Ave S. #501, Seattle,
WA 98118
Registrant’s telephone number,
including area code:
(516) 900-3799
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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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 DFR 240.14a-12)
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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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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 [ ]
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 1.01 Entry into a Material Definitive
Agreement.
On January 30, 2019, Diego
Pellicer Worldwide, Inc. (“Registrant”) executed a Separation Agreement and Release with David Thompson, its former
Senior Vice President- Finance, finalizing his departure from the Registrant as an employee. Pursuant to its material terms, Registrant
will pay to Mr. Thompson aggregate cash payments of $206,250, based upon the Registrant’s receipt of certain gross sales
receipts derived from its Alameda Store in Colorado, and certain stock grants based upon Registrant’s outstanding common
shares as of February 1, 2019, including a stock grant of 53,717 restricted common shares for accrued salary and 122,934 restricted
common shares in exchange for his approximate 50,000,000 of stock options. This summary of terms is subject in all respects to
the complete terms and provisions set forth in the subject agreement, a copy of which is attached as an exhibit to this Form 8-K.
Item 9.01 Financial Statements and
Exhibits.
(d)
Exhibits.
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 thereunto
duly authorized.
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Diego Pellicer Worldwide, Inc.
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Date: February 6, 2019
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By:
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/s/ Ron Throgmartin
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President and CEO
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Diego Pellicer Worldwide (CE) (USOTC:DPWW)
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