Amended Current Report Filing (8-k/a)
March 02 2020 - 6:11AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
FORM 8-K/A
CURRENT REPORT
Pursuant to Section
13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): December 6, 2019
MARIJUANA COMPANY OF AMERICA, INC.
(Exact
Name of Registrant as Specified in its Charter)
Utah
(State or other jurisdiction
of incorporation
or organization)
|
Commission File Number
000-27039
|
98-1246221
(I.R.S. Employer
Identification Number)
|
1340 West Valley Parkway Suite #205
Escondido, California 92029
(Address of Principal Executive Offices
and Zip Code)
(888) 777-4362
(Issuer's telephone number)
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.
(c) On December 6, 2019, the Registrant
disclosed the appointment of Mr. Jesus Quintero as interim Principal Executive Officer, Principal Accounting Officer and Treasurer.
On February 3, 2020, the Company entered
into an executive employment agreement with Mr. Quintero securing his services as Principal Executive Officer and Principal Accounting
Officer for a period of 12 months. Since the beginning of the Registrant's last fiscal year to the effective date of Mr. Quintero’s
appointment, Mr. Quintero 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.
From January, 2013 to September, 2014,
Mr. Quintero served as the Chief Financial Officer of Brazil Interactive Media, Inc. Mr. Quintero is also the current CFO for Mass
Roots Inc (MSRT ). From 2011 to the present, Mr. Quintero has served as a financial consultant to several multi-million dollar
businesses in South Florida. He has extensive experience in public company reporting and SEC/SOX compliance, and held senior finance
positions with Avnet, Inc. (NYSE: AVT), Latin Node, Inc., Globetel Communications Corp. (AMEX: GTE) and Telefonica of Spain. His
prior experience also includes tenure with Price Waterhouse and Deloitte & Touche. Mr. Quintero earned a B.S. in Accounting
from St. John’s University and is a certified public accountant.
For services as Principal Executive
Officer and Principal Accounting Officer rendered pursuant to the executive employment agreement, the Company agreed to compensate
Mr. Quintero with a gross monthly salary of $15,000 payable as follows: $12,000 in cash and $3,000 in common stock based upon
the closing price of the Company’s common stock on the last trading day of each month.
Section 9 – Financial Statement and Exhibits
Item 9.01 Financial Statements and
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 hereunto
duly authorized.
Dated February 28, 2020
MARIJUANA COMPANY OF AMERICA, INC.
By: /s/ Jesus Quintero
Jesus Quintero
(Principal Executive Officer)
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