Current Report Filing (8-k)
July 07 2021 - 6:01AM
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): July 1, 2021
Digipath,
Inc.
(Exact
name of registrant as specified in charter)
Nevada
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000-54239
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27-3601979
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(State
or other Jurisdiction of
Incorporation or Organization)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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6450
Cameron Street, Suite 113 Las Vegas, NV
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89118
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(Address
of principal executive offices)
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(zip
code)
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(702) 527-2060
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of 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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[ ]
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Soliciting
material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
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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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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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N/A
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N/A
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N/A
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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 (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.
A.
Stone Douglass
On
July 1, 2021, A. Stone Douglass, 73, was appointed to the Board of Directors (the “Board”) of Digipath, Inc. (the “Company”).
Prior to his appointment, Mr. Douglass had been serving as a consultant to the Company, and in connection therewith, on June 2, 2021
Mr. Douglass was awarded an option to purchase 1,000,000 shares of the Company’s common stock with an exercise price of $0.06.
Todd
Denkin
On
July 1, 2021, the Board appointed Todd Denkin to serve as the President of the Company. At the time of such appointment, Mr. Denkin had
been serving as a consultant to the Company pursuant to a Consulting Agreement dated as of December 28, 2020 between the Company and
TD Media, Inc., a company owned and controlled by Mr. Denkin. Under the Consulting Agreement, the Company issued TD Media 500,000 shares
of common stock and paid TD Media a monthly consulting fee of $8,000.
Todd
Denkin, age 57, has many years of experience in the “legal” marijuana industry, and has in the past been an integral part
of the Company’s management. Mr. Denkin originally joined the Company in April 2014 as President, and served as the Company’s
Chief Executive Officer from October 2014 until June 21, 2016. He then served as the Company’s President and Chief Operating Officer
until September 26, 2019, and was thereafter a consultant to the Company until December 2019. From January 2020 until December 2020 when
he was re-engaged by the Company as a consultant, Mr. Denkin provided consulting services to cannabis producers, and was active as a
cannabis testing educator and content provider. Prior to joining the Company in April 2014, Mr. Denkin served as co-founder and president
of both 10 Mile and Growopp, LLC where he created controlled environmental indoor hydroponic grow chambers from 2011 to 2013.
In
connection with his appointment as President, the Board awarded Mr. Denkin 1,500,000 shares of the Company’s common stock, and
the Company has agreed to pay Mr. Denkin an annual base salary of $150,000 effective July 1, 2021, which will replace his consulting
arrangement with the Company under the Consulting Agreement with TD Media.
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.
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Digipath,
Inc.
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Date:
July 6, 2021
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By:
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/s/
Bruce Raben
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Bruce
Raben
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Chairman
of the Board
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