secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0000950170-23-011162
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TerrAscend promotes Ziad Ghanem to CEO effective March 29, 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023011162/0000950170-23-011162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023011162/trssf-20230329.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-011162

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