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Report of unscheduled material events or corporate changes.

8-K

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) September 15, 2015

 

AGRITEK HOLDINGS, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware
(State or Other Jurisdiction of Incorporation)

 

 

001-15673   20-8484256
(Commission File Number)   (IRS Employer Identification No.)

 

 

319 Clematis Street, Suite 1008

West Palm Beach, FL

  33401
(Address of principal executive offices)   (Zip code)

 

 

(561) 249-6511
(Registrant’s telephone number, including area code)

 

 

Not applicable
(Former name or former address, if changed since last report)

 

 

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

 

  

 

 

Item 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

 

Departure of Directors or Certain Officers

 

On September 15, 2015, Barry Hollander notified Agritek Holdings Inc. (“Agritek” or the Company) that he is resigning as the Company’s Chief Financial Officer and as a member of the Company’s board of directors, for personal reasons and to pursue other interests.  Mr. Hollander indicated that his resignation was voluntary and has no disagreements with management. 

 

Appointment of Principal Officer

 

On September 16, 2015, the Board appointed Heather Bush as the Company’s Chief Financial Officer and its principal accounting officer. Ms. Bush will additionally be appointed to the company’s Board Of Directors.

 

Mrs. Bush, age 32, Ms. Bush, age 32, most recently served as Controller of Medimix Specialty Pharmacy and its affiliated pharmaceutical compounding companies, since September 2014.  Ms. Bush’s financial experience includes employment at PSS World Medical Inc., a national distributor of medical supplies, diagnostic equipment, and pharmaceutical related products to primary care office-based physicians, from July 2011 until it was acquired by McKesson Corporation in February 2013. The Company was integrated into the McKesson Medical Surgical business unit, at which point she became the Assistant Controller of the Extended Care division until August 2014. Ms. Bush has received a B.A. in Business Economics with an emphasis in Accounting from the University of California, Santa Barbara. She is a Certified Public Accountant in the state of California as well as a Certified Fraud Examiner.

 

Mrs. Bush has no family relationships with any of the executive officers or directors of the Company.  There are no arrangements or understandings between Mrs. Bush and any other person pursuant to which she was elected as an officer of the Company.

 

The Board of directors and Advisory Board have not yet determined the changes to the compensation for the officers discussed above.

 

Item 7.01 Regulation FD Disclosure.

 

The Company issued a press release on September 17, 2015 announcing the appointment of Mrs. Bush as Chief Financial Officer and as a member of the Company’s board of directors. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein in its entirety by reference.

 

Item 9.01 Financial Statements and Exhibits

 

(d)Exhibits.

 

Exhibit No.   Description
     
5.1   Resignation of Barry Hollander
     
99.1   Press release dated September 17, 2015 of Agritek Holdings, Inc.

 

  

 

 

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.

 

  AGRITEK HOLDINGS, INC.
     
Date: September 18, 2015 By: /s/ Justin Braune
   

Justin Braune

Chief Executive Officer and President

BARRY HOLLANDER

319 CLEMATIS STREET, SUITE 1008

WEST PALM BEACH, FL. 33401

 

 

 

Mr. Justin Braune

September 15, 2015

Chairman of the Board  
Chief Executive Officer  
Agritek Holdings, Inc.  

 

RE: Resignation

 

 

Dear Justin:

 

This letter is official notice of my resignation as Chief Financial Officer and as a member of the Board of Directors of Agritek Holdings, Inc. (“AGTK”) and any other officer and director positions held in any wholly owned, majority owned or minority owned subsidiary of AGTK effective as of September 15, 2015. As a result of my resignation, I no longer hold any position whatsoever with the Company.

 

As of September 15, 2015, I am owed the following amounts:

 

accrued and unpaid fees for services provided thru September 15, 2015    $12,000.00
accrued and unpaid rent for 319 Clematis Street (Aug and Sept 2015)                  2,700.00
accrued and unpaid parking charges            1,261.40
     
     
Total due $15,961.40

 

 

 

 

Very truly yours,

 

 

 

Barry Hollander

 

Agritek Holdings, Inc. Announces Appointment Of New Chief Financial Officer 

 

 

LOS ANGELES, CA--(Marketwired - September 17, 2015) - Agritek Holdings, Inc. (AGTK) (http://www.Agritekholdings.com), a fully reporting company on the OTCQB and leader in Compassionate Care Technology and agricultural solutions for the medicinal cannabis industry, today announced that Heather Bush, 32, has been appointed by the Board of Directors as the Company’s Chief Financial Officer (CFO) replacing Mr. Barry Hollander effective immediately.

 

Ms. Bush brings extensive financial and accounting experience to her new role at Agritek Holdings. Her qualifications include expertise in SEC reporting, accounting clean-up, audit support, and efficiencies and process improvement. She consulted with a variety of clients, in many industries, and has gained invaluable public reporting experience.

 

Ms. Bush, age 32, most recently served as Controller of Medimix Specialty Pharmacy and its affiliated pharmaceutical compounding companies, since September 2014.  Ms. Bush’s financial experience includes employment at PSS World Medical Inc., a national distributor of medical supplies, diagnostic equipment, and pharmaceutical related products to primary care office-based physicians, from July 2011 until it was acquired by McKesson Corporation in February 2013. The Company was integrated into the McKesson Medical Surgical business unit, at which point she became the Assistant Controller of the Extended Care division until August 2014. Ms. Bush has received a B.A. in Business Economics with an emphasis in Accounting from the University of California, Santa Barbara. She is a Certified Public Accountant in the state of California as well as a Certified Fraud Examiner.

 

Justin Braune, CEO of Agritek Holdings stated “Heather’s impressive background is a perfect fit for the turnaround of Agritek Holdings financial operations. Her outstanding track record of managing day-to-day financial and business operations makes her distinctly qualified to serve as our Chief Financial Officer. I have known Ms. Bush for several years and have complete confidence and trust that she will bring fresh and innovative ideas to Agritek that with certainty will improve our operating and financial efficiency and allow for improved shareholder value. We look forward to leveraging her expertise at the perfect time for the launch of our new vaporizer line, forthcoming edibles and pharmaceutical licensing division.”

 

About Agritek Holdings, Inc.
Agritek Holdings, Inc. (www.Agritekholdings.com), a fully reporting Company and pioneer within the medicinal marijuana space, provides innovative patient and agricultural solutions and seeks to be the leader in Compassionate Care Technology for the medicinal marijuana industry. Agritek Holdings provides real estate management and health and wellness product lines including through its wholly owned subsidiary Agritek Venture Holdings Inc. Agritek does not directly grow, harvest, or distribute or sell cannabis or any substances that violate or contravene United States law or the Controlled Substances Act, nor does it intend to do so in the future.

 

FORWARD-LOOKING DISCLAIMER:
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Agritek Holdings, Inc. to be materially different from the statements made herein.

 

Contact:


Agritek Holdings, Inc.
561.249.6511
www.Agritekholdings.com
info@Agritekholdings.com