Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 12, 2022, a majority of the stockholders eligible to vote of
Marijuana Company of America, Inc. (the "Company"), by written consent pursuant
to Utah statute, approved Amendment No. 1 to the Company's 2017 Equity Incentive
Plan (the "2017 Equity Plan Amendment"). The 2017 Equity Plan Amendment had
previously been approved by the Company's Board of Directors (the "Board"),
subject to stockholder approval. It became effective as of September 14, 2022.
The 2017 Equity Plan Amendment increases the authorized common shares available
for issuance from 500,000,000 to 3,000,000,000, and makes no other material
modifications. The full text of the 2017 Equity Plan Amendment attached hereto
as Exhibit 10.1 to this Current Report on Form 8-K.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On September 12, 2022, the Company's 2017 Equity Plan Amendment was approved by
a majority of the Company's stockholders eligible to vote, by written consent
pursuant to Utah statute. The 2017 Equity Incentive Plan Amendment had
previously been approved by the Board of Directors subject to stockholder
approval. It became effective as of September 14, 2022. The full text of the
2017 Equity Plan Amendment attached hereto as Exhibit 10.1 to this Current
Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
Exhibit Number Description
10.1 2017 Equity Incentive Plan Amendment
104 Cover Page Interactive Data File (formatted as Inline
XBRL and contained in Exhibit 101).
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