0001161697-22-000288.txt : 20220603 0001161697-22-000288.hdr.sgml : 20220603 20220603085348 ACCESSION NUMBER: 0001161697-22-000288 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20220531 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20220603 DATE AS OF CHANGE: 20220603 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GROWLIFE, INC. CENTRAL INDEX KEY: 0001161582 STANDARD INDUSTRIAL CLASSIFICATION: GLASS PRODUCTS, MADE OF PURCHASED GLASS [3231] IRS NUMBER: 900821083 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50385 FILM NUMBER: 22993001 BUSINESS ADDRESS: STREET 1: 11335 NE 122ND WAY STREET 2: SUITE 105 CITY: KIRKLAND STATE: WA ZIP: 98034 BUSINESS PHONE: 866-781-5559 MAIL ADDRESS: STREET 1: 11335 NE 122ND WAY STREET 2: SUITE 105 CITY: KIRKLAND STATE: WA ZIP: 98034 FORMER COMPANY: FORMER CONFORMED NAME: PHOTOTRON HOLDINGS, INC. DATE OF NAME CHANGE: 20110309 FORMER COMPANY: FORMER CONFORMED NAME: CATALYST LIGHTING GROUP INC DATE OF NAME CHANGE: 20030909 FORMER COMPANY: FORMER CONFORMED NAME: WENTWORTH III INC DATE OF NAME CHANGE: 20011026 8-K 1 form_8-k.htm FORM 8-K CURRENT REPORT FOR 05-31-2022
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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)

 

June 3, 2022 (May 31, 2022)

____________________________

 

GROWLIFE, INC.

(Exact name of registrant as specified in charter)

 

Delaware

(State or other Jurisdiction of Incorporation or Organization)

 

000-50385

(Commission File Number)

 

90-0821083

(IRS Employer Identification No.)

 

11335 NE 122nd Way, Suite 105

Kirkland, WA 98034

(Address of Principal Executive Offices and zip code)

 

 

(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.

 

Resignations

 

On May 31, 2022, GrowLife, Inc. (the “Company”) announced that Marco Hegyi has resigned as the Chief Executive Officer, Interim Chief Financial Officer, Chairman and Director of the Company, effective as of July 1, 2022. Mr. Hegyi had no disagreement with the Company on any matter relating to the registrant’s operations, policies or practices. Mr. Hegyi will continue as a consultant for the Company through December 31, 2022 to provide transitionary services.

 

Appointments

 

On May 31, 2022, the Company’s Board of Directors (“Board”) appointed its current President, David Dohrman, to the position of Chief Executive Officer and a member of the Board, effective July 1, 2022. Mr. Dohrmann’s biography is incorporated by reference as included in Form 10-K filed with the Commission on May 23, 2022.  

 

Mr. Dohrmann receives annual compensation of $200,000 for all employment positions with the Company. The Company and Mr. Dohrmann have not entered into any compensatory agreements as of this Current Report on Form 8-K except as otherwise set forth herein (“Report”).

 

Except as otherwise disclosed in this Report, there are no arrangements or understandings between Mr. Dohrmann and any other person pursuant to which he was appointed as an officer of the Company. In addition, there are no family relationships between Mr. Dohrmann and any of the Company’s other officers or directors. Further, except as otherwise disclosed herein, there are no transactions since the beginning of the Company’s last fiscal year, or any currently proposed transaction, in which the Company is a participant, the amount involved exceeds $120,000, and in which Mr. Dohrmann had, or will have, a direct or indirect material interest.

 

Item 7.01 Regulation FD Disclosure.

 

On May 31, 2022, the Company issued a press release, attached as Exhibit 99.1, announcing the appoint of Mr. Dohrmann as Chief Executive Officer and Board Member. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

 

The information set forth in the attached Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Press release dated May 31, 2022, announcing new Chief Executive Officer

 

 

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.

 

  GROWLIFE, INC.
     
Date:  June 3, 2022 By: /s/ Marco Hegyi
    Marco Hegyi
    Chief Executive Officer

 

- 2 -


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Exhibit 99.1

 

GrowLife, Inc. Announces New Chief Executive Officer

 

Company Appoints Dave Dohrmann as Chief Executive Officer and Board Director, Marco Hegyi Departs Company Leadership

 

KIRKLAND, WA, May 31, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – GrowLife, Inc. (OTCQB:PHOT) announced today that Company President Dave Dohrmann will assume the role of Chief Executive Officer of GrowLife. The change is set to become effective on July 1, 2022, following the departure of CEO Marco Hegyi. Dohrmann will also be replacing Marco Hegyi on the GrowLife board of directors.

 

Mr. Dohrmann has served as the Company President since December 2021 and has since been focused on strategic planning for the further development of GrowLife, including its market expansion into the burgeoning mushroom category. Dohrmann’s pedigree includes extensive time in the venture capital industry where he worked to develop and expand small and mid-cap companies. Dohrmann will leverage his experience in executive management, corporate development and venture capital, in order to expand GrowLife’s business and build shareholder value.

 

“I could not be more excited to assume this new role with GrowLife,” said newly appointed CEO Dave Dohrmann. “I want to extend my gratitude to Marco Hegyi on behalf of our company for his years of dedication to this organization. Marco has been extremely accommodating these past six months in allowing me to chart a new direction for the Company and I appreciate all the support and confidence he has shown me. As we look to the future, I am extremely confident in the opportunity we have in the mushroom space and have been working on some very exciting partnerships and transactions that I believe will take Grow Life to new levels. I hope to share more in the coming weeks as I take on this new role.”

 

“After almost nine years with GrowLife, I will be stepping aside at the end of June so Dave can take GrowLife to new and greater places,” said Marco Hegyi, departing CEO of GrowLife. “I came here for three years in 2013 and stayed for eight. I believe innovation is necessary for business growth, and believe Dave brings the creativity and leadership skills needed to lead GrowLife to a new level of success. My thanks to the over 90,000 shareholders who have supported me through the years. I could not be more confident that Dave is the right person for this role and feel that now is the right time for change. Wishing him and the entire organization all the best as it moves into new and exciting markets.”

 

About GrowLife, Inc.

 

GrowLife, Inc. was founded in 2012 and grew to become one of the largest names in plant cultivation equipment supply and consulting. In 2018 GrowLife acquired a majority share in EZ-Clone Enterprises, which remains the industry leader in commercial plant propagation equipment. Now acting as a parent company to its various operating assets, GrowLife is seeking to build on its value proposition through strategic initiatives focused on emerging markets in the natural wellness in the plant and fungi sectors.

 

Investor Relations Contact:  investors@growlifeinc.com  206-483-0059

 


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