Planet 13 (PLNH) terminates Chief Administrative Officer Lee Fraser role

Rhea-AI Filing Summary

Planet 13 Holdings Inc. reported a leadership change involving one of its senior officers. On March 6, 2026, the company notified Chief Administrative Officer Lee Fraser that his employment was terminated, effective upon delivery of the termination notice. Fraser had been on administrative leave since January 5, 2026.

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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): March 6, 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 March 6, 2026, Planet 13 Holdings Inc. (the “Company”) notified Lee Fraser, the Company’s Chief Administrative Officer who was placed on administrative leave on January 5, 2026, of the termination of his employment, effective as of the delivery of the notice of termination.

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: March 6, 2026	By:	/s/ Robert Groesbeck
	Name	Robert Groesbeck
	Its:	Co-Chief Executive Officer
Date: March 6, 2026	By:	/s/ Larry Scheffler
	Name:	Larry Scheffler
	Its:	Co-Chief Executive Officer

FAQ

What leadership change did Planet 13 Holdings Inc. (PLNH) disclose?

Planet 13 Holdings Inc. disclosed that Chief Administrative Officer Lee Fraser has had his employment terminated. The decision was effective immediately upon delivery of the termination notice on March 6, 2026, and follows an earlier administrative leave that began on January 5, 2026.

When did Planet 13 Holdings (PLNH) terminate its Chief Administrative Officer?

Planet 13 Holdings terminated Chief Administrative Officer Lee Fraser on March 6, 2026. The termination became effective as soon as the notice was delivered, marking the end of his role after being placed on administrative leave starting January 5, 2026.

Which officer’s employment was terminated at Planet 13 Holdings (PLNH)?

Planet 13 Holdings terminated the employment of Lee Fraser, its Chief Administrative Officer. He had been on administrative leave since January 5, 2026, and the company made the termination effective upon delivering the notice on March 6, 2026.

Was the terminated Planet 13 (PLNH) officer previously on administrative leave?

Yes. Chief Administrative Officer Lee Fraser had been on administrative leave since January 5, 2026. Planet 13 later notified him on March 6, 2026 that his employment was terminated, making the termination effective immediately upon delivery of the notice.

What SEC item did Planet 13 (PLNH) use to report the officer termination?

Planet 13 reported the termination of Chief Administrative Officer Lee Fraser under Item 5.02, which covers departures of directors or certain officers, elections of directors, appointments of certain officers, and compensatory arrangements of certain officers in a current report on Form 8-K.

Who signed the Planet 13 (PLNH) report about the officer’s termination?

The report was signed on behalf of Planet 13 Holdings Inc. by Co-Chief Executive Officers Robert Groesbeck and Larry Scheffler. Their signatures indicate the company’s formal authorization of the disclosure regarding the termination of Chief Administrative Officer Lee Fraser.

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 10.5 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 14.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.5 KB