Current Report Filing (8-k)
19 December 2020 - 8:07AM
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)
December 15, 2020
____________________________
GROWLIFE, INC.
(Exact name of registrant as specified in charter)
Delaware
(State or other Jurisdiction of Incorporation or
Organization)
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000-50385
(Commission
File Number)
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90-0821083
(IRS
Employer Identification No.)
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5400 Carillon Point
Kirkland, WA 98033
(Address
of Principal Executive Offices and zip code)
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(866) 781-5559
(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:
[ ] 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
(§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this
chapter).
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.
On December 15, 2020, Mark E. Scott resigned as a Director and
Secretary of GrowLife, Inc. (“the Company”). Also, Mr.
Scott resigned as Chief Financial Officer effective December 31,
2020. Mr. Scott will consult with the Company on financial
reporting for an interim period.
Mr. Scott had no disagreement with the Company on any matter
relating to the registrant’s operations, policies or
practices.
The Company is announcing the return of Michael E. Fasci, who
formerly served as Chairman of the Board, as its new Chief
Financial Officer effective January 1, 2021. Mr. Fasci will consult
with the Company on all financial matters effective December 16,
2020 and report to Marco Hegyi, Chief Executive
Officer.
Michael E. Fasci, 62, is a
30-year veteran in the finance sector having served as an officer
and director of many public and private companies. From 2015
to 2020, Mr. Fasci owns and
operated Process Engineering Services, Inc., an engineering
consulting company as well as worked as a restructuring officer for
several financially challenged companies. Mr. Fasci is a seasoned operator across
various industries and has served in both CEO and CFO capacities
for both growth and turnaround situations. Mr. Fasci began his
career as a field engineer and then manager of various remediation
filtration and environmental monitoring projects globally before
focusing his efforts on the daily operations, accounting and
financial reporting and SEC compliance of the numerous companies he
has served. Mr. Fasci resides in East Taunton, Massachusetts
and studied Electrical Engineering at Northeastern
University.
Family Relationships
Mr. Fasci is not related to any officer or director of the
Company.
Related Party Transactions
There are no related party transactions reportable under Item 5.02
of Form 8-K and Item 404(a) of Regulation S-K.
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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GROWLIFE, INC.
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Date: December
18, 2020
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By:
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/s/ Marco Hegyi
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Marco
Hegyi
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Chief
Executive Officer
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Growlife (CE) (USOTC:PHOT)
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