---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-011162"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:09:50.460559+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TerrAscend promotes Ziad Ghanem to CEO effective March 29, 2023

## Summary
- Ziad Ghanem appointed CEO, continuing as President; previously President and COO since Jan 2022.
- Annual base salary of $500,000, 75% bonus target, and LTI up to 100% base in RSUs.
- Severance provides 12 months base salary, COBRA, pro-rata bonus, and accelerated vesting on change of control.
- Non-compete and non-solicitation covenants for 12 months post-termination; repayment of severance if breached.
- Ghanem brings 17+ years experience, previously President at Parallel and Senior Director at Walgreens Boots Alliance.

## SEC filing metadata
- accession: 0000950170-23-011162
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000095017023011162/0000950170-23-011162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017023011162/trssf-20230329.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-011162
- JSON: https://secwatch.observer/filing/0000950170-23-011162.json
- Plain text: https://secwatch.observer/filing/0000950170-23-011162.txt

## Key facts
- Executive change
  Ziad Ghanem was appointed as Chief Executive Officer at TerrAscend Corp..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On March 29, 2023, the board of directors (the “Board”) of TerrAscend Corp. (the “Company”) appointed Ziad Ghanem as Chief Executive Officer of the Company effective immediately, in addition to continuing in his role as President of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017023011162/0000950170-23-011162-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.