---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-033203"
form_type: "8-K"
ticker: "ITHUF"
cik: "0001643154"
company_name: "iANTHUS CAPITAL HOLDINGS, INC."
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T07:43:43.917710+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-033203
- form_type: 8-K
- ticker: ITHUF
- cik: 0001643154
- company_name: iANTHUS CAPITAL HOLDINGS, INC.
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643154/000095017023033203/0000950170-23-033203-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643154/000095017023033203/ithuf-20230717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-033203
- JSON: https://secwatch.observer/filing/0000950170-23-033203.json
- Plain text: https://secwatch.observer/filing/0000950170-23-033203.txt

## Key facts
- Executive change
  Richard Proud was appointed as Chief Executive Officer at iANTHUS CAPITAL HOLDINGS, INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000095017023033203/0000950170-23-033203-index.htm
- Executive change
  Robert Galvin changed role as Interim Chief Operating Officer at iANTHUS CAPITAL HOLDINGS, INC..
  - Action: concluded
  - Role: Interim Chief Operating Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643154/000095017023033203/0000950170-23-033203-index.htm

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