$TURV - 8K CEO resigns.
Item 5.02.
Departure of Directors or Certain Officers ; Election of Directors ; Appointment of Certain Officers ; Compensatory Arrangements of Certain Officers.
On May 25, 2016, John R. McKowen resigned as our Chief Executive Officer, effective immediately.
On May 26, 2016, Mr. McKowen resigned from all of his other positions with our company and our subsidiaries, including from our Board of Directors. At the time of his resignation, Mr. McKowen was our Chairman of the Board and was not a member of any Board committee. Mr. McKowen resigned due to a potential conflict of interest. This conflict might arise from Mr. McKowen’s ownership in an entity that is applying for cultivation cannabis licensing within the State of Colorado. Mr. McKowen’s entity potentially may lease facilities from GrowCo and its subsidiaries based upon mutually agreeable terms.Mr. McKowen tendered resignation from our Board of Directors and from his other remaining positions with our company and subsidiaries is filed as an exhibit to this current report on Form 8-K.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01.
Financial Statements and Exhibits
(d)
Exhibits
Exhibit Number
Description
17.
Email communication sent by John R. McKowen to the Board of Directors of Two Rivers Water & Farming Company, as to his resignation from the Board of Directors and other positions with Two Rivers Water & Farming Company and subsidiaries.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TWO RIVERS WATER & FARMING COMPANY
(Registrant)
Dated: June 1, 2016
By: /s/ Wayne Harding_____________
Wayne Harding, Chief Financial Officer
EXHIBIT INDEX
Exhibit Number
Description
17.
Email communication sent by John R. McKowen to the Board of Directors of Two Rivers Water & Farming Company, as to his resignation from the Board of Directors and other positions with Two Rivers Water & Farming Company and subsidiaries.
Exhibit 17.1
To the Two Rivers Water & Farming Company Board of Directors; GrowCo, Inc. Board of Directors; the Dionisio Farms & Produce, Inc. Board of Directors; GrowCo Partners 1, LLC Board of Managers; TR Capital, LLC Board of Managers; GCP Super Units, LLC Board of Managers, and any other affiliates of Two Rivers Water & Farming Company and GrowCo, Inc.:
After much discussion and deliberation with the directors, major shareholders and outside counsel, as of May 26, 2016, I have resigned from my corporate officerships, director positions and board of managers designations of Two Rivers Water & Farming Company and all of it’s controlled subsidiaries due to a pending conflict of interest. This conflict might arise from my ownership in an entity that is applying for cannabis licensing within the State of Colorado. Once this entity obtains the necessary licensing, we intend to potentially lease facilities from GrowCo and its subsidiaries at mutually agreeable terms.
I will deliver a hard coy of my resignation within the next few days
Sincerely,
/S/
John R. McKowen
