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One World Products (OWPC) director and Interim CFO resigns; CEO assumes CFO role

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

One World Products, Inc. reported that board member and Interim Chief Financial Officer William P. Rowland resigned from the Board and all its committees, as well as from his role as Interim CFO, effective March 24, 2026. In his resignation letter, Mr. Rowland cited ongoing health issues and confirmed his decision was not due to any disagreement with the company’s operations, policies, or practices. The company’s Chief Executive Officer, Isiah L. Thomas, III, has assumed the duties of Chief Financial Officer on an interim basis until the Board appoints a successor.

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Insights

Health-related CFO and director resignation, CEO temporarily assumes dual role.

The company disclosed that director and Interim CFO William P. Rowland resigned from both the Board and his officer role due to health issues, explicitly stating no disagreements with the company’s practices. This frames the change as personal rather than conflict-driven.

Chief Executive Officer Isiah L. Thomas, III has taken on Chief Financial Officer responsibilities until a successor is hired. Combining CEO and CFO roles can concentrate decision-making and increase key-person risk, so the duration of this interim arrangement and the timing of appointing a new CFO will be important governance details in future disclosures.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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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

 

March 27, 2026 (March 24, 2026)

Date of Report (Date of earliest event reported)

 

Commission file number: 000-56151

 

ONE WORLD PRODUCTS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   61-1744826

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

6605 Grand Montecito Pkwy, Suite 100,

Las Vegas, Nevada

  89149
(Address of principal executive offices)   (zip code)

 

(800) 605-3210

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
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:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
N/A   N/A   N/A

 

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 24, 2026, William P. Rowland, a member of the Board of Directors (the “Board”) of One World Products, Inc., a Nevada corporation (the “Company”), gave notice to the Company of his resignation as member of the Board, including all committees thereof on which he served, as well as Interim Chief Financial Officer of the Company. In his letter of resignation, Mr. Rowland cited ongoing health issues as the reason for his resignation and that his resignation was not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices.

 

In conjunction with Mr. Rowland’s resignation as Interim Chief Financial Officer, Isiah L. Thomas, III, the Company’s Chief Executive Officer, has assumed the duties of the Chief Financial Officer, until such time as the Company’s Board of Directors hires Mr. Rowland’s successor.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
17.1   Resignation Letter of William P. Rowland
104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

 

 

 

 

SIGNATURES

 

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

 

  One World Products, Inc.
     
Date: March 27, 2026. By: /s/ Isiah L. Thomas, III
    Isiah L. Thomas, III
    Chief Executive Officer

 

 

FAQ

Why did William P. Rowland resign from One World Products (OWPC)?

William P. Rowland resigned from One World Products due to ongoing health issues. His resignation letter stated that the decision was not caused by any disagreement with the company’s operations, policies, or practices, indicating a personal rather than conflict-driven reason for stepping down.

What positions did William P. Rowland leave at One World Products (OWPC)?

William P. Rowland resigned as a member of the Board of Directors, including all committees, and as Interim Chief Financial Officer. His departure affects both the company’s governance structure and its finance leadership, prompting temporary reassignment of CFO duties to the Chief Executive Officer.

Who is handling CFO duties at One World Products (OWPC) after Rowland’s resignation?

After William P. Rowland resigned as Interim CFO, Chief Executive Officer Isiah L. Thomas, III assumed the duties of Chief Financial Officer. He will perform both roles until the Board of Directors hires a successor to fill the CFO position on a more permanent basis.

Did William P. Rowland have disagreements with One World Products (OWPC)?

The company states that William P. Rowland’s resignation was not the result of any disagreement with One World Products. His letter attributes the decision solely to ongoing health issues, which suggests there were no reported disputes over operations, policies, or corporate practices.

Is One World Products (OWPC) actively seeking a new Chief Financial Officer?

The company indicates that CEO Isiah L. Thomas, III will act as CFO until the Board hires William P. Rowland’s successor. This implies the Board expects to appoint a new Chief Financial Officer and treat Thomas’s assumption of CFO duties as an interim arrangement.

Filing Exhibits & Attachments

5 documents