Groovy Company Inc. Reports Board Changes and Compensation Updates
Ticker: GROO · Form: 8-K · Filed: Oct 2, 2025 · CIK: 1499275
| Field | Detail |
|---|---|
| Company | Groovy Company, Inc. (GROO) |
| Form Type | 8-K |
| Filed Date | Oct 2, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, corporate-governance
TL;DR
Groovy Co. shakes up board, adjusts exec pay. Details inside.
AI Summary
Groovy Company, Inc. announced on September 25, 2025, a change in its board of directors and executive compensation arrangements. The filing details the departure of a director and the election of new officers, along with adjustments to their compensation packages. Specific financial details regarding these arrangements are included within the filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty about future strategic direction and financial performance.
Key Players & Entities
- GROOVY COMPANY, INC. (company) — Registrant
- September 25, 2025 (date) — Date of earliest event reported
- 12 DANIEL RD EAST (address) — Business and Mail Address
- FAIRFIELD, NJ 07004 (address) — Business and Mail City, State, Zip
FAQ
What specific changes were made to the board of directors?
The filing indicates a departure of a director and the election of new officers, though specific names are not detailed in the provided excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 25, 2025.
What is the primary business of Groovy Company, Inc. according to the filing?
Groovy Company, Inc. is in the Services-Prepackaged Software industry, with SIC code 7372.
Where is Groovy Company, Inc. located?
The company's business and mailing address is 12 Daniel Rd East, Fairfield, NJ 07004.
What is the filing's purpose regarding executive compensation?
The filing addresses compensatory arrangements of certain officers, indicating adjustments or new details regarding their pay.
Filing Stats: 662 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2025-10-02 12:19:11
Filing Documents
- groo-20250925_8k.htm (8-K) — 23KB
- groo_ex991.htm (EX-99.1) — 18KB
- groo_ex992.htm (EX-99.2) — 20KB
- groo_ex993.htm (EX-99.3) — 12KB
- 0001499275-25-000005.txt ( ) — 183KB
- groo-20250925_def.xml (EX-101.DEF) — 2KB
- groo-20250925_lab.xml (EX-101.LAB) — 12KB
- groo-20250925_pre.xml (EX-101.PRE) — 8KB
- groo-20250925.xsd (EX-101.SCH) — 2KB
- groo-20250925_8k_htm.xml (XML) — 2KB
02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS. On September 25, 2025, GROOVY COMPANY aka Santo Mining Corp., ("GROOVY" and/or the "Company") appointed: Berj Abajian - CEO-Vice Chairman- "Voting Member" - 20% Patrick Mokros - COO-Secretary "Voting Member" - 20% Frank Yglesias - CTO-Chairman "Voting Member" - 20%.
01 REGULATION FD DISCLOSURE
ITEM 7.01 REGULATION FD DISCLOSURE. On September 26, 2025, GROOVY announced the new directors of the Company. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K. On September 29, 2025, GROOVY announced the new OTCM Protocol Introduces Security Meme Tokens. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.2 to this Current Report on Form 8-K. On October 1, 2025, GROOVY announced the OTCM Protocol Files Trademark for Revolutionary "Howey Shield". The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished under Item 7.01, including Exhibit 1 hereto, of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities under that Section, nor shall it be deemed incorporated by reference into any registration statement or other filings of the Company made under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
01 OTHER EVENTS
ITEM 8.01 OTHER EVENTS. On September 25, 2025, the Company moved its headquarters to 12 Daniel Rd East Fairfield, NJ 07004.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits The following exhibits are provided with this Current Report: Exhibit Number Description of Exhibit 99.1 Press release dated September 26, 2025. 99.2 Press release dated September 29, 2025. 99.3 Press release dated October 1, 2025. 2
SIGNATURES
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: October 2, 2025 GROOVY COMPANY, INC. By: /s/ Berge Abajian Berge Abajian, CEO 3