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 16, 2013
SUGARMADE, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware | 000-23446 | 94-300888 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
2280 Lincoln Ave, Suite 200, San Jose, CA |
95125 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (415) 860-6888
(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:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02(a). Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(1) | Effective October 10, 2013, Mr. Stephan P. Pinto resigned as the Chairman, director and committee member of the Board of Directors of the registrant. At the time of Mr. Pinto’s resignation, he was the Chairman, a board member, and a committee member of the Spending Committee and the Finance Committee of the Board of Directors of the registrant. The Board of Directors believes that Mr. Pinto’s resignation was a result of perceived differences of philosophical opinion between Mr. Pinto and some other members of the Board of Directors regarding the conduct of the Board, the Company operations and other transactions of the registrant not in the ordinary course of its business. Mr. Pinto resigned because these differences could result in a conflict of his interest as a stockholder and his position as a Board member representing the Company. |
(2) | On October 10, 2013, Mr. Stephan P. Pinto resigned as the Chairman, director and committee member of the Board of Directors of the registrant and furnished his letter of resignation to the registrant. On October 11, 2013, Mr. Pinto furnished to the registrant a follow up letter to his letter of resignation citing the reason for his resignation as a “perceived conflict of interest”. |
(3) | On October 16, 2013, the registrant provided Mr. Pinto a copy of the disclosures it is making in response to this Item 5.02. On October 16, 2013, Mr. Pinto furnished a letter to the registrant stating that he agrees with the statements the registrant is making in response to this Item 5.02. |
Item 9.01(d). Financial Statements and Exhibits.
The following materials are furnished as exhibits to this Current Report on Form 8-K.
Exhibit No. | Description | |
99.1 99.2 99.3 |
Letter of resignation from Mr. Stephan P. Pinto dated October 10, 2013 Follow up to letter of resignation from Mr. Stephan P. Pinto dated October 11, 2013 Letter from Mr. Stephan P. Pinto regarding the disclosures the registrant is making in Item 5.02 of this Current Report on Form 8-K dated October 16, 2013 |
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.
SUGARMADE, INC.
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Date: October 16, 2013 | By: |
/s/ Clifton Leung |
|
Name: Clifton Leung | |||
Title: Chief Executive Officer | |||
EXHIBIT 99.1
From: Stephan P. Pinto
Sent: Thursday, October 10, 2013
Subject: Resignation Letter
Resignation Letter.
For the record; October 8, 2013 at the Board meeting, I was excluded from the meeting because Mr. Mandell and the Corporate Attorney perceived me as a potential litigant.
I have been pretty clear that there are issues that need to be addressed urgently and the purpose was to make the Company aware of what these issues are and make corrections for the good of the Company and the investors and creditors. It was not to sue the Company.
REDACTED1
It is now obvious that Board cannot conduct the Company business effectively with me on the Board due to this perceived litigation concern.
I therefore chose to resign for the best of the Company.
I sincerely hope the Board can navigate the Company into a success.
REDACTED
I therefore resign effective immediately, today October 10, 2013
Stephan P. Pinto
1 The redacted portions of the correspondence from Mr. Pinto do not concern the circumstances surrounding his resignation, which are not required to be disclosed pursuant to Item 5.02 of the Current Report on Form 8-K.
EXHIBIT 99.2
From: Stephan P. Pinto
Sent: Friday, October 11, 2013
Subject: FW: Resignation Letter follow up
This is a reminder to you all that my resignation has to be 8k’d.
You can cite the reason as “perceived conflict of interest”
This reflects the “perceived conflict of interest” with respect to the Litigation perception that [Mr.] Mandell and the attorneys made at the Oct 8 meeting.
REDACTED1
1 The redacted portions of the correspondence from Mr. Pinto do not concern the circumstances surrounding his resignation, which are not required to be disclosed pursuant to Item 5.02 of the Current Report on Form 8-K.
EXHIBIT 99.3
From: Stephan P. Pinto
Sent: Wednesday, October 16, 2013
Subject: RE: 8-K disclosures
Ok. I approve.