EX-99.1 3 ex99-1.htm EX-99.1 EXHIBIT 99.1 BOARD OF DIRECTORS RESOLUTION SENTIENT BRANDS HOLDINGS, INC. (“SNBH”) Date: February 20, 2026 WHEREAS, the Board of Directors (the “Board”) of Sentient Brands Holdings, Inc. (“SNBH”) has reviewed and considered proposals regarding corporate structure, operations, finance, and governance; and WHEREAS, the Board deems it necessary and in the best interest of SNBH and its shareholders to optimize the audit process, reduce operating and overhead costs, and maintain profitability, compliance, and qualification for future financing. NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors hereby approves the following actions, effective immediately unless otherwise specified: Corporate Structure and Agreement Approvals Amendment to Wyoming Bears, Inc. Share Exchange Agreement: The Board approves the amendment to the Share Exchange Agreement with Wyoming Bears, Inc. (“WYB”), to formally increase SNBH ownership of WYB to 100%, with the effective date of that agreement as January 1st, 2026. ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────…
Open exhibit ↗Current Report · Items 1.01, 5.02, 8.01, 9.01 · 8-K
Sentient Brands Holdings, Inc.
SNBHOTCEQUITYCurrent
Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Item 1.01 Entry Into A Material Definitive Agreement On February 20, 2026, the Board of Directors of Sentient Brands Holdings Inc. (the “Company”) approved Addendum No. 1 (the “Addendum”) to the Share Exchange Agreement dated September 30, 2025, by and among the Company, Wyoming Bears, Inc., a Nevada corporation (“WYB”), and the minority shareholders of WYB. Pursuant to the Addendum:…
Company context
Current securities
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry Into A Material Definitive Agreement
On
February 20, 2026, the Board of Directors of Sentient Brands Holdings Inc. (the “Company”) approved Addendum No. 1 (the “Addendum”)
to the Share Exchange Agreement dated September 30, 2025, by and among the Company, Wyoming Bears, Inc., a Nevada corporation
(“WYB”), and the minority shareholders of WYB.
Pursuant
to the Addendum:
The
Company acquired the remaining forty-nine percent (49%) equity interest in WYB.
As
a result, the Company now owns one hundred percent (100%) of the issued and outstanding equity
of WYB, effective January 1, 2026.
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Consideration
consists of Acquisition Credits issued on the same legal and economic terms set forth in
the original Share Exchange Agreement, without minority or right-of-first-refusal discounts.
Earn-out
calculations are adjusted to reflect 100% ownership, replacing the prior 51% multiplier.
All
minority rights, including rights of first refusal, were terminated.
The
Company agreed to full indemnification of the former minority holders in connection with
liabilities arising from the Company’s public company activities.
The
Addendum includes protective license suspension and clawback provisions upon insolvency or
catastrophic events.
The
Addendum is governed by Nevada law.
The
foregoing description is qualified in its entirety by reference to the full text of the Addendum, which is filed herewith as Exhibit
10.21.
Item 5.02Item 5.02 - Departure/Election of Directors
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
On
February 20, 2026, the Board approved the following officer appointments:
Engagement
of Financial Controller & CFO
Jeanene
Morgan was engaged as Financial Controller & Chief Financial Officer of the Company, reporting directly to the Board of Directors,
with authority to conduct all activities associated with such responsibilities.
Engagement
of President & COO
Serge
Knazev was engaged as President & Chief Operating Officer effective January 1, 2026. The position carries no salary and provides
for per-project compensation. Mr. Knazev reports to the Board of Directors.
Key
responsibilities include:
Managing
subsidiary operations
Strengthening
the balance sheet
Audit
preparedness
IT
infrastructure implementation
Mr.
Knazev will recuse himself from decisions relating to his personal investments where conflicts of interest may arise.
Item 8.01Item 8.01 - Other Events
Item
8.01 Other Events
Approval
of Related Party Disclosures
The
Board approved disclosures relating to:
Serge
Knazev as investor in GA3 Consortium, LLC, which has funded certain Company expenses through
non-interest-bearing loan arrangements. GA3 Consortium, LLC’s acquisition of two Company
notes originally issued to Leonite Capital, with an aggregate principal value of $715,789.
Mr. Knazev is an active investor in American Industrial Group, Inc., the funding source and
manufacturing provider, and an investor in the Subsidiaries.
Mr.
Knazev’s ownership of 58,456 shares of Company common stock, which was purchased in
the open market.
Certain
non-interest-bearing loans from Mr. Knazev were used to fund Company expenses, including auditor,
transfer agent, EDGAR, and accounting system costs.
These
matters were reviewed and approved by the Board in accordance with the Company’s related-party governance policies.
Forward-Looking
Statements
This
Current Report on Form 8-K contains forward-looking statements within the meaning of federal securities laws. These statements involve
risks and uncertainties and are based on current expectations, estimates, and projections about the Company’s business and industry,
management’s beliefs, and certain assumptions made by management. Forward-looking statements are not guarantees of future performance,
and actual results may differ materially. Factors that could cause or contribute to such differences include, without limitation, risks
associated with the integration of acquired assets, market acceptance of products, supply chain challenges, and general business conditions.
Readers are cautioned not to place undue reliance upon these forward-looking statements, which speak only as of the date of this report.
The Company undertakes no obligation to revise or update any forward-looking statements to reflect future events or circumstances.