Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Appointment of interim Chief Financial Officer
Effective July 1, 2020, Ms. Heather Kearns, age 42, was appointed to serve as
the interim Chief Financial Officer of the registrant. Since 2018, Ms. Kearns
has worked with Two Rivers Water & Farming Company assisting with preparation of
filings.
Ms. Heather Kearns has over 20 years of experience in accounting and financial
reporting with private and public companies of various sizes. She is a Certified
Public Accountant in the state of Colorado, and has almost 10 years as a firm
owner, offering accounting and consulting services. Ms. Kearns's background
includes managing and oversight for financial statements and disclosures, filing
S-1 registration and other SEC filings, preparation of financial reports
including 10-Q's, 10-K's, and 8-K's, and coordinating annual audits and
quarterly reviews. She will provide oversight of the finance and accounting
team, coordinate with Compliance, and work with the Company's tax consultants to
prepare all tax documentation and returns. Ms. Kearns provides the assistance to
strengthen the Company's processes and procedures, and also contributes to the
development of a Company's strategy and long-term planning. Ms. Kearns is a
graduate of Auburn University in Auburn, Alabama, with a Bachelor of Science in
Business Administration, and a Master of Business Administration from Auburn
University in Montgomery, Alabama.
Ms. Kearns' contract with Two Rivers Water & Farming Company commenced on July
1, 2020 and is through September 30, 2020, with option of renewal. Compensation
consists of a combination of filing, flat rate and success fees.
Item 7.01 Regulation FD Disclosure.
Management provided an update to its stockholders on July 15, 2020. A copy of
the update is included as Exhibit 20.1. This Form 8-K and the information
included as exhibits shall not be deemed to be "filed" for purposes of Section
18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), nor
shall it be incorporated by reference into a filing under the Securities Act of
1933, as amended ("Securities Act"), or the Exchange Act, except as expressly
set forth by specific reference in such a filing. The furnishing of the
information in this report is not intended to, and does not, constitute a
determination or admission by the Company that the information in this report is
material or complete, or that investors should consider this information before
making an investment decision with respect to any security of the Registrant or
any of its affiliates.
Item 9.01 Financial Statements and Exhibits.
Exhibit
No. Description
20.1 Letter to stockholders dated July 15, 2020
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