Planet 13 Holdings Inc. (PLNH) places Chief Administrative Officer on leave

Rhea-AI Filing Summary

Planet 13 Holdings Inc. reported that on January 5, 2026, the company placed its Chief Administrative Officer, Lee Fraser, on administrative leave. The company stated that Mr. Fraser’s compensation remains unchanged during this period. No other leadership changes, financial results, or major transactions were disclosed in this report.

Insights

Corporate governance analyst

Planet 13 placed its Chief Administrative Officer on leave, with pay unchanged.

Planet 13 Holdings Inc. disclosed that its Chief Administrative Officer, Lee Fraser, was placed on administrative leave as of January 5, 2026, while his compensation remains the same. This indicates a formal change in status for a senior executive but does not, in itself, describe a permanent departure or role elimination.

The filing does not provide information on the reasons for the leave or who is handling the Chief Administrative Officer’s responsibilities. Without those details, the primary takeaway is a governance and management update rather than a clearly quantifiable financial event.

Subsequent company disclosures may clarify whether this is a temporary situation or evolves into a resignation or termination, which could further affect management structure and internal operations.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 5, 2026

PLANET 13 HOLDINGS INC.

(Exact name of registrant as specified in its charter)

Nevada		000-56374		83-2787199
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

2548 West Desert Inn Road, Suite 100 Las Vegas, Nevada		89109
(Address of principal executive offices)		(Zip Code)

(702) 815-1313

(Registrant’s telephone number, including area code) 

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.424)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 5, 2026, Planet 13 Holdings, Inc.’s (the “Company”) placed the Company’s Chief Administrative Officer, Lee Fraser, on an administrative leave. Mr. Fraser’s compensation remains unchanged.

Item 9.01. Financial Statements and Exhibits.

Exhibit No.		Description
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Planet 13 Holdings Inc.
Date: January 8, 2026	By:	/s/ Robert Groesbeck
	Name	Robert Groesbeck
	Its:	Co-Chief Executive Officer
Date: January 8, 2026	By:	/s/ Larry Scheffler
	Name:	Larry Scheffler
	Its:	Co-Chief Executive Officer

FAQ

What did Planet 13 Holdings Inc. (PLNH) disclose in this 8-K filing?

Planet 13 Holdings Inc. disclosed that on January 5, 2026, it placed its Chief Administrative Officer, Lee Fraser, on administrative leave while keeping his compensation unchanged.

Which executive at Planet 13 Holdings Inc. (PLNH) was placed on administrative leave?

The company’s Chief Administrative Officer, Lee Fraser, was placed on administrative leave effective January 5, 2026.

Did Planet 13 (PLNH) change Lee Fraser’s compensation when he was placed on leave?

No. The filing states that Mr. Fraser’s compensation remains unchanged while he is on administrative leave.

Does the Planet 13 (PLNH) filing mention any other management or board changes?

No. Aside from placing Chief Administrative Officer Lee Fraser on administrative leave, the filing does not describe other director or officer changes.

Were any financial results or major transactions reported in this Planet 13 (PLNH) 8-K?

No financial results or major transactions are described; the filing focuses on the status change of the Chief Administrative Officer and includes a standard exhibit reference for the cover page data file.

Who signed the Planet 13 (PLNH) report related to this management change?

The report was signed on behalf of Planet 13 Holdings Inc. by its Co-Chief Executive Officers, Robert Groesbeck and Larry Scheffler.