07/27/2026 | Press release | Distributed by Public on 07/27/2026 14:40
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 23, 2026, Isiah Lord Thomas III, the holder of a majority of the voting power of the outstanding capital stock of One World Products, Inc. (the "Company"), acting by written consent in lieu of a meeting in accordance with Sections 78.320 and 78.335 of the Nevada Revised Statutes, removed Dr. Kenneth L. Perego, II from the Company's Board of Directors (the "Board"), effective immediately.
In connection with, and effective upon, the removal of Dr. Perego, the number of directors constituting the entire Board was decreased by two (2), from seven (7) to five (5), thereby eliminating the vacancy resulting from Dr. Perego's removal as well as a pre-existing vacancy on the Board, such that the authorized number of directors equals the number of directors then in office.