UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Item 5.01 Change in Control of Registrant
On July 7, 2023, Paris Balaouras, the Company’s founder, former Chief Executive Officer and Chairman of the Board of Directors, returned 20,319,500 shares of common stock to the Company to be retired, which represented 25.59% of the shares outstanding. The shares returned by Mr. Balaouras were held through Roll On, LLC, an entity controlled by Mr. Balaouras.
As of the date of this filing, the Company has 58,272,167 shares of common stock outstanding.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 6, 2023, Christopher Reasonover, a director of the Company, submitted his resignation as a member of the Board of Directors effective as of July 6, 2023. Mr. Reasonover’s decision to resign is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
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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.
MJ HOLDINGS, INC. | ||
Date: July 19, 2023 | By: | /s/ Tom Valenzuela |
Tom Valenzuela | ||
Interim Chairman of the Board |
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