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GrowGeneration (GRWG)

Filed: 14 Dec 21, 8:00am

 

 

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 13, 2021

 

GROWGENERATION CORP.

(Exact Name of Registrant as Specified in its Charter)

 

Colorado 333-207889 46-5008129
(State or other Jurisdiction
of Incorporation)
 (Commission File Number) (I.R.S. Employer 
Identification No.)

 

5619 DTC Parkway, Suite 900

Greenwood Village, CO 80111

(Address of Principal Executive Offices)

 

Registrant’s telephone number, including area code:  (800) 935-8420

 

N/A

(Former Address of Principal Executive Offices)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation 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))

 

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. 

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading symbol Name of each exchange on which registered
Common Stock, par value $0.001 per share GRWG The NASDAQ Stock Market LLC

  

 

 

 

 

  

Section 5 - Corporate Governance and Management 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On December 13, 2021, Tony Sullivan tendered to GrowGeneration Corp. (the “Company”) the resignation from his role as Executive Vice President and Chief Operating Officer of the Company, effective immediately. Mr. Sullivan did not resign as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

 

Pursuant to a signed separation agreement, Mr. Sullivan will be entitled to separation payments totaling $231,366, representing payment of approximately six months of salary and bonus for 2021, which will be paid in equal installments over a period of approximately nine months. Pursuant to the separation agreement, the Company and Mr. Sullivan have agreed to certain mutual releases of claims. In addition, Mr. Sullivan has agreed to various restrictive covenants, including not to compete or work in the hydroponics industry for two years following his departure.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date:  December 14, 2021GrowGeneration Corp.  
   
 By:/s/ Darren Lampert
 Name: Darren Lampert
 Title:Chief Executive Officer

 

 

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