# EDGAR Filing Document

**Accession Number:** 0001144169
**File Stem:** 0001079973-23-000118
**Filing Date:** 2023-1
**Character Count:** 8696
**Document Hash:** 476d16df1ae006f3d3c3f80a3a7b2a68
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001079973-23-000118.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001079973-23-000118

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 23

**CONFORMED PERIOD OF REPORT**: 20230124

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ECO INNOVATION GROUP, INC.
- **CENTRAL INDEX KEY:** 0001144169
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
- **IRS NUMBER:** 850842591
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56426
- **FILM NUMBER:** 23551269

**BUSINESS ADDRESS:**
- **STREET 1:** 16525 SHERMAN WAY
- **STREET 2:** SUITE C
- **CITY:** VAN NUYS
- **STATE:** CA
- **ZIP:** 91406
- **BUSINESS PHONE:** 800-922-4356

**MAIL ADDRESS:**
- **STREET 1:** 16525 SHERMAN WAY
- **STREET 2:** SUITE C
- **CITY:** VAN NUYS
- **STATE:** CA
- **ZIP:** 91406

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DIG IT UNDERGROUND INC
- **DATE OF NAME CHANGE:** 20010629

?xml version="1.0" encoding="utf-8"?

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

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**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 25, 2023 (January 24, 2023)**

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**Eco Innovation Group, Inc.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **<u>Nevada</u>** | **<u>333-73158</u>** | **<u>85-0842591</u>** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer<br> Identification No.) |

---

**16525 Sherman Way, Suite C-1**

**Van Nuys, CA 91406**

(Address of principal executive offices, including zip code)

**(800) 922-4356**

(Registrant's telephone number, including area code)

**N/A**

(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:

☐ 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: 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. ☐

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| | |
|:---|:---|
| **Item 5.02.** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

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*Approval of First Amendment to the Eco Innovation Group, Inc. 2022 Stock Incentive and Equity Compensation Plan* 

On January 24, 2023, following recommendation and approval by the Company's Board of Directors, a majority of the outstanding voting stock of the Company approved the First Amendment to the Eco Innovation Group, Inc. 2022 Stock Incentive and Equity Compensation Plan (the "2022 Plan"), which increased the number of Company common shares authorized and reserved for issuance under the 2022 Plan by 175,000,000 shares. The material terms of the 2022 Plan are summarized in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on May 2, 2022. The First Amendment to the Eco Innovation Group, Inc. 2022 Stock Incentive and Equity Compensation Plan is filed herewith as Exhibit 10.1.

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| | |
|:---|:---|
| **Item 5.03** | **Amendment to Articles Of Incorporation.** |

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On January 24, 2023, following approval by the Company's Board of Directors and a majority of the outstanding voting stock of the Company, the Company filed Sixth Amended and Restated Articles of Incorporation with the State of Nevada reflecting an increase in the Company's authorized common stock from 6,000,000,000 shares at $0.0001 par value per share to 10,000,000,000 shares at $0.0001 par value per share, effective January 24, 2023. The Sixth Amended and Restated Articles of Incorporation are filed herewith as Exhibit 3.1.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 3.1\* | [Sixth Amended and Restated Articles of Incorporation of Eco Innovation Group, Inc., as filed with the Secretary of State of the State of Nevada on January 24, 2023.](ex3x1.htm) |
| 10.1\* | [First Amendment to the Eco Innovation Group, Inc. 2022 Stock Incentive and Equity Compensation Plan, dated January 24, 2023](ex10x1.htm) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |

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\* Filed herewith.

**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 hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | By: | **ECO INNOVATION GROUP, INC.**<br>/s/ Julia Otey-Raudes |
| Date: January 25, 2023 |  | Julia Otey-Raudes |
|  |  | Principal Executive Officer |

---

## Exhibit 3.1

Exhibit 3.1

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## Exhibit 10.1

Exhibit 10.1

**Amendment No. 1**

**to the**

**Eco Innovation Group, Inc.**

**2022 Stock Incentive and Equity Compensation Plan**

This Amendment No. 1 (this "Amendment") to the Eco Innovation Group, Inc. 2022 Stock Incentive and Compensation Plan (the "<u>Plan</u>") is hereby adopted and approved by the Board of Directors of Eco Innovation Group, Inc. (the "Board") as of January 24, 2023, subject to the approval of the shareholders of Eco Innovation Group, Inc. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Plan.

WHEREAS, Eco Innovation Group, Inc. (the "Company") adopted the Plan, approved by the Company's shareholders on May 2, 2022, under which the maximum number of Shares cumulatively available for issuance under the Plan is 75,000,000 shares;

WHEREAS, the Board has determined that it is desirable to increase the aggregate number of shares of Common Stock which may be issued or used for reference purposes under the Plan or with respect to which other Awards may be granted in order to allow more Shares to be available for issuance under the Plan pursuant to awards thereunder;

WHEREAS, Article XI of the Plan provides that the Board may amend the Plan, subject to shareholder approval when any proposed amendment is subject to the approval of shareholders under applicable law, rules or regulations; and

NOW, THEREFORE, the Board hereby adopts and approves the following amendments to the Plan, subject to shareholder approval and effective upon the receipt of such shareholder approval:

1. Section 4.1(a) of the Plan is hereby deleted in its entirety and replaced with the following:

"The aggregate number of shares of Common Stock which may be issued or used for reference purposes under this Plan or with respect to which other Awards may be granted shall not exceed 250,000,000 shares (subject to any increase or decrease pursuant to Section 4.2) which may be either authorized and unissued Common Stock or Common Stock held in or acquired for the treasury of the Company."

2. Except as provided herein, no other provision of the Plan shall be amended or modified by this Amendment No. 1 and the Plan shall remain in full force and effect.