Current Report Filing (8-k)
08 June 2021 - 4:50AM
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): June 5, 2021
Lowell Farms Inc.
(Exact name of registrant as specified
in its charter)
British Columbia, Canada
|
|
000-56254
|
|
NA
|
(State or other jurisdiction
of incorporation
|
|
(Commission
file number)
|
|
(IRS Employer
Identification Number)
|
19 Quail Run Circle, Suite B
Salinas, California 93907
(Address of principal executive offices)
(831) 998-8214
(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 the registrant under any of the following provisions (see General Instruction
A.2. below):
☐
|
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))
|
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
|
Trading Symbols
|
Name of exchange on which registered
|
N/A
|
N/A
|
N/A
|
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
(f) On June 5, 2021, the Compensation Committee of the Board
of Directors approved fiscal year 2020 bonus awards for the executive officers listed in the table below. The amount of the bonus
and resulting total compensation for such executive officers are as reflected below.
Name and Principal Position
|
|
Fiscal Year
|
|
Salary
|
|
Bonus
|
|
Stock
Awards
|
|
Option Awards
|
|
Nonequity
incentive plan compensation
|
|
Nonqualified deferred compensation
earnings
|
|
Total
|
Mark Ainsworth (2)
Chief Executive Officer
|
|
|
2020
|
|
|
$
|
250,000
|
|
|
$
|
15,000
|
|
|
$
|
38,205
|
|
|
$
|
85,427
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
388,632
|
|
Jenny Montenegro
Chief Operating Officer
|
|
|
2020
|
|
|
$
|
121,875
|
|
|
$
|
15,000
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
136,875
|
|
Kelly McMillin
Chief Compliance Officer
|
|
|
2020
|
|
|
$
|
131,794
|
|
|
$
|
10,000
|
|
|
$
|
-
|
|
|
$
|
10,438
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
152,232
|
|
Steve Neil
Former Chief Financial Officer
|
|
|
2020
|
|
|
$
|
220,833
|
|
|
$
|
16,250
|
|
|
$
|
63,675
|
|
|
$
|
94,519
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
395,277
|
|
Item 7.01 Regulation FD Disclosure
The slide presentations attached hereto
as Exhibits 99.1 and 99.2, and incorporated herein by reference, will be displayed on the website of Lowell Farms Inc. (the “Company”)
starting on June 7, 2021 and may be used by the Company in presentations to existing and prospective investors and to analysts
on or after June 7, 2021.
The investor presentation has been
updated for current financial and operational information. The harvest report reflects the monthly results of flower harvests at
each of our greenhouses. The current month’s results are preliminary pending actual results once the drying process has been
completed. These preliminary results are adjusted to actual in the following month’s report.
In accordance with General Instruction
B.2 of Form 8-K, the information in this Item 7.01 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 attached
hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended,
or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth
by specific reference in such a filing.
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.
Date: June 7, 2021
|
|
Lowell Farms Inc.
|
|
|
|
|
|
|
By:
|
|
/s/ Brian Shure
|
|
|
|
|
Name: Brian Shure
|
|
|
|
|
Title: Chief Financial Officer
|
Lowell Farms (QB) (USOTC:LOWLF)
Historical Stock Chart
From Apr 2024 to May 2024
Lowell Farms (QB) (USOTC:LOWLF)
Historical Stock Chart
From May 2023 to May 2024