iAnthus appoints Richard Proud as CEO; base salary $475K, RSUs of 3% fully diluted shares

iANTHUS CAPITAL HOLDINGS, INC.

Richard Proud appointed CEO and Board member, effective July 17, 2023.
Annual base salary $475,000; $100,000 one-time signing bonus; guaranteed incentive bonus of $237,500 for first two years.
Initial RSU award equal to 3% of common shares (fully diluted) vesting over three years; accelerated vesting on change of control.
Robert Galvin's interim CEO tenure ended; he remains Interim COO.
Proud's appointment at Massachusetts subsidiaries subject to Cannabis Control Commission approval.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Richard Proud

Chief Executive Officer

ITHUF · iANTHUS CAPITAL HOLDINGS, INC.

Effective: 2023-07-17
Filed: July 17, 2023, 7:59 PM ET

Effective July 17, 2023, iAnthus Capital Holdings, Inc. (the “Company”) appointed Richard Proud as the Company’s Chief Executive Officer (the “CEO”) and as a member of the Company’s Board of Directors (the “Board”).

Role change (interim)

Robert Galvin

Interim Chief Operating Officer

ITHUF · iANTHUS CAPITAL HOLDINGS, INC.

Effective: 2023-07-17
Successor: Richard Proud
Filed: July 17, 2023, 7:59 PM ET

Effective immediately upon Mr. Proud’s appointment as the CEO, the tenure of Robert Galvin as the Company’s Interim Chief Executive Officer concluded. Mr. Galvin will continue in his position as the Company’s Interim Chief Operating Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.99

Richard Proud was appointed as Chief Executive Officer at iANTHUS CAPITAL HOLDINGS, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Effective July 17, 2023, iAnthus Capital Holdings, Inc. (the “Company”) appointed Richard Proud as the Company’s Chief Executive Officer (the “CEO”) and as a member of the Company’s Board of Directors (the “Board”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.99

Robert Galvin changed role as Interim Chief Operating Officer at iANTHUS CAPITAL HOLDINGS, INC..

Action: concluded
Role: Interim Chief Operating Officer

Exact text from the filing

Effective immediately upon Mr. Proud’s appointment as the CEO, the tenure of Robert Galvin as the Company’s Interim Chief Executive Officer concluded. Mr. Galvin will continue in his position as the Company’s Interim Chief Operating Officer.

View on SEC.gov

iANTHUS CAPITAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-033203

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