Groove Botanicals Inc. Files 8-K for Officer Changes
Ticker: GRVE · Form: 8-K · Filed: Aug 1, 2024 · CIK: 918573
| Field | Detail |
|---|---|
| Company | Groove Botanicals INC. (GRVE) |
| Form Type | 8-K |
| Filed Date | Aug 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $4,000, $48,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, financial-reporting
Related Tickers: GRVE
TL;DR
Groove Botanicals (GRVE) filed an 8-K for leadership changes and financial docs. Formerly Avalon Oil & Gas.
AI Summary
Groove Botanicals Inc. filed an 8-K on July 29, 2024, reporting changes in directors and officers, and the appointment of certain officers. The filing also includes financial statements and exhibits. The company was formerly known as Avalon Oil & Gas, Inc. and XDOGS COM INC.
Why It Matters
This filing indicates potential shifts in the company's leadership and operational structure, which could impact its strategic direction and financial performance.
Risk Assessment
Risk Level: low — The filing is a standard corporate disclosure of personnel changes and financial information, not indicating immediate financial distress or significant new risks.
Key Players & Entities
- Groove Botanicals Inc. (company) — Registrant
- Avalon Oil & Gas, Inc. (company) — Former Company Name
- XDOGS COM INC (company) — Former Company Name
- July 29, 2024 (date) — Date of earliest event reported
FAQ
What specific changes were made regarding directors or officers?
The filing indicates changes in directors and officers, and the appointment of certain officers, but the specific details of these changes are not elaborated in the provided text.
What is the primary business of Groove Botanicals Inc. according to the SIC code?
According to the Standard Industrial Classification code provided (1311), the company is listed under CRUDE PETROLEUM & NATURAL GAS.
When was the company previously known as Avalon Oil & Gas, Inc.?
The date of the name change from Avalon Oil & Gas, Inc. to Groove Botanicals Inc. was August 18, 2005.
What is the state of incorporation for Groove Botanicals Inc.?
Groove Botanicals Inc. is incorporated in Nevada.
What other former names has the company used?
Besides Avalon Oil & Gas, Inc., the company was also formerly known as XDOGS COM INC and SLED DOGS CO.
Filing Stats: 493 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-07-31 17:37:30
Key Financial Figures
- $4,000 — ents to Kent Rodriguez in the amount of $4,000 or $48,000 per year. Item 9.01 Financi
- $48,000 — nt Rodriguez in the amount of $4,000 or $48,000 per year. Item 9.01 Financial Statemen
Filing Documents
- eps11413.htm (8-K) — 24KB
- ex10-1.htm (EX-10.1) — 4KB
- 0001171520-24-000276.txt ( ) — 195KB
- grve-20240729.xsd (EX-101.SCH) — 3KB
- grve-20240729_pre.xml (EX-101.PRE) — 22KB
- grve-20240729_lab.xml (EX-101.LAB) — 33KB
- eps11413_htm.xml (XML) — 3KB
02 Departure of Directors
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Mr. Douglas Barton On July 29, 2024, Groove Botanicals Inc. (the "Company") received the resignation of Mr. Douglas Barton as a director of the Company. Mr. Barton did not resign due to any dispute or disagreement with the Company or its practices. Extension of compensation contract On July 30, 2024, the Company and Mr. Kent Rodriguez, CEO and director, agreed to extend the term of an Employment Contract originally entered into on April 1, 2020 expiring March 31, 2024, for a further two year term to March 31, 2026, retroactive to April 1, 2024. The agreement designates monthly payments to Kent Rodriguez in the amount of $4,000 or $48,000 per year.
01 Financial Statements
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Letter agreement between the Company and Kent Rodriguez, CEO 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. Groove Botanicals Inc. (Registrant) Date: July 31, 2024 /s/ Kent Rodriguez (Signature) Name: Kent Rodriguez Title: Chief Executive Officer