One World Products Removes Director, Reduces Board to Five

What Happened
On July 23, 2026, One World Products, Inc. (OWPC) filed an 8-K (Item 5.02) reporting that Isiah Lord Thomas III, who holds a majority of the company’s voting power, acted by written consent to remove Dr. Kenneth L. Perego, II from the Company’s Board of Directors, effective immediately. Simultaneous with Dr. Perego’s removal, the Board’s authorized size was reduced from seven (7) directors to five (5), eliminating both Dr. Perego’s seat and a prior vacancy so that the number of authorized directors equals the number then in office.

Key Details

• Action date: July 23, 2026.
• Actor: Isiah Lord Thomas III, majority holder of the Company’s voting power, acted by written consent in lieu of a meeting (Nevada Revised Statutes Sections 78.320 & 78.335).
• Director removed: Dr. Kenneth L. Perego, II, effective immediately.
• Board change: Authorized directors decreased from 7 to 5, eliminating a pre-existing vacancy and the vacancy caused by the removal.

Why It Matters
This filing documents a change in corporate governance: a majority stockholder used written consent to remove a director and reduce the board’s size. For investors, this alters board composition and could affect oversight, voting dynamics and future governance decisions. Shareholders should monitor future filings for any appointments to the board, committee changes, or additional related disclosures.