Planet 13 Holdings Files 8-K on Shareholder Nominations

TL;DR

**Planet 13 Holdings is opening the door for shareholder board nominations, signaling potential governance changes ahead.**

AI Summary

Planet 13 Holdings Inc. filed an 8-K on January 23, 2024, reporting an event on January 17, 2024, related to Shareholder Nominations pursuant to Exchange Act Rule 14a-11. This filing indicates that the company is preparing for its annual meeting, where shareholders might propose their own director candidates. For investors, this matters because it signals potential upcoming changes or challenges to the current board, which could influence future company strategy and performance.

Why It Matters

This filing signals that Planet 13 Holdings Inc. is setting the stage for its annual meeting, where shareholders could propose alternative board members, potentially leading to shifts in company leadership or strategic direction.

Risk Assessment

Risk Level: medium — The risk is medium because shareholder nominations can lead to board changes, which might introduce uncertainty but also potential improvements in governance or strategy.

Analyst Insight

A smart investor would monitor upcoming proxy statements from Planet 13 Holdings Inc. for details on nominated directors and their proposed strategies, as this could signal future changes in company direction or governance.

Key Players & Entities

• Planet 13 Holdings Inc. (company) — the registrant filing the 8-K
• January 17, 2024 (date) — date of the earliest event reported
• January 23, 2024 (date) — date the 8-K was filed
• Exchange Act Rule 14a-11 (other) — rule governing shareholder nominations

Forward-Looking Statements

• Planet 13 Holdings Inc. will hold its annual shareholder meeting within the next few months. (Planet 13 Holdings Inc.) — high confidence, target: 2024-06-30
• There will be at least one shareholder-nominated candidate for the board of directors. (board of directors) — medium confidence, target: 2024-06-30

FAQ

Filing Documents

• plnh20240118_8k.htm (8-K) — 31KB
• ex_616725.htm (EX-99.1) — 12KB
• ex_616725img001.jpg (GRAPHIC) — 5KB
• 0001437749-24-001917.txt ( ) — 181KB
• plnh-20240117.xsd (EX-101.SCH) — 3KB
• plnh-20240117_def.xml (EX-101.DEF) — 11KB
• plnh-20240117_lab.xml (EX-101.LAB) — 15KB
• plnh-20240117_pre.xml (EX-101.PRE) — 11KB
• plnh20240118_8k_htm.xml (XML) — 2KB

08. Shareholder Director Nominations

Item 5.08. Shareholder Director Nominations.   The information set forth below under Item 8.01 is hereby incorporated by reference into this Item 5.08.  

01. Other Events

Item 8.01. Other Events.   2024 Annual Meeting of Shareholders   On January 23, 2024, Planet 13 Holdings Inc.'s (the "Company") Board of Directors (the "Board") issued a press release announcing that the 2024 annual meeting of shareholders ("2024 Annual Meeting") will be held on June 11, 2024. The Board also set a record date of April 12, 2024, entitling shareholders of record as of such date to notice of and to vote at the 2024 Annual Meeting. The Company will provide additional details regarding the exact time, location, and matters to be voted on at the 2024 Annual Meeting in the Company's proxy statement for the 2024 Annual Meeting to be filed with the Securities and Exchange Commission prior to the 2024 Annual Meeting. In accordance with Rule 14a-5(f) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Company is informing shareholders of the deadlines with respect to the submission of (i) proposals intended to be included in the Company's proxy statement under Rule 14a-8 promulgated under the Exchange Act ("Rule 14a-8") and (ii) proposals under the advance notice provisions of the Company's bylaws ("Bylaws") applicable to shareholders desiring to bring nominations for directors or proposals other than pursuant to Rule 14a-8.   Deadline for Rule 14a-8 Shareholder Proposals   To be considered for inclusion in proxy materials for the 2024 Annual Meeting, shareholder proposals submitted pursuant to Rule 14a-8 and intended to be presented at the 2024 Annual Meeting must be received by the Company's Secretary at Planet 13 Holdings Inc., 4675 West Teco Ave., Suite 250, Las Vegas, Nevada 89118 no later than the close of business (Pacific Daylight Time) on March 13, 2024, which the Company believes to be a reasonable time before it expects to begin to print and send its proxy materials for the 2024 Annual Meeting. Any proposal received after such date will be considered untimely. All Rule

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.   (d) Exhibits     Exhibit No.   Description       99.1   Press Release dated January 23, 2024 . 104   Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.   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 thereunto duly authorized.     Planet 13 Holdings Inc.           Date: January 23, 2024 By: /s/ Robert Groesbeck     Name Robert Groesbeck     Its: Co-Chief Executive Officer           Date: January 23, 2024 By: /s/ Larry Scheffler     Name: Larry Scheffler     Its: Co-Chief Executive Officer     3

View Full Filing

View this 8-K filing on SEC EDGAR