---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-054750"
form_type: "8-K"
ticker: null
cik: "0001785592"
company_name: "Leafly Holdings, Inc. /DE"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:32:56.153649+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Leafly appoints Peter Lee as President and COO; converts $275K of notes at adjusted price

## Summary
- Peter Lee appointed President and COO effective May 1, 2024; remains on Board.
- Base salary of $450,000, signing bonus $187,500, annual incentive up to 60% of base.
- Note holders agreed to conversion price adjustment to $2.8405; $275K converted into 96,813 shares.
- Lee previously President/CFO of Merida Merger Corp. prior to Leafly's go-public.
- Severance agreement provides 12 months salary and COBRA for qualified termination.

## SEC filing metadata
- accession: 0000950170-24-054750
- form_type: 8-K
- cik: 0001785592
- company_name: Leafly Holdings, Inc. /DE
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785592/000095017024054750/0000950170-24-054750-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785592/000095017024054750/lfly-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-054750
- JSON: https://secwatch.observer/filing/0000950170-24-054750.json
- Plain text: https://secwatch.observer/filing/0000950170-24-054750.txt

## Key facts
- Executive change
  Peter Lee was appointed as President and Chief Operating Officer at Leafly Holdings, Inc. /DE.
  - Action: appointed
  - Role: President and Chief Operating Officer
  source text: Effective May 1, 2024, Peter Lee, age 47, entered into an offer letter with the Company to serve as President and Chief Operating Officer of the Company on at-will basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785592/000095017024054750/0000950170-24-054750-index.htm
- Material Agreements
  Leafly Holdings, Inc. /DE amended Notice with each of the holders of the Note (effective 2024-05-07).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: each of the holders of the Note
  - Effective: 2024-05-07
  source text: On May 7, 2024, Leafly Holdings, Inc. (the “Company”) and each of the holders (each a “Holder” and collectively, the “Holders”) of that certain global note representing 8.00% Convertible Senior Notes due 2025 between the Company, Ankura Trust Company, as agent, and Continental Stock Transfer & Trust Company, as authentication agent, dated February 4, 2022 (the “Note”) executed a notice of conversion and consent (the “Notice”) to effect a temporary and limited adjustment to the conversion price under the Note.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785592/000095017024054750/0000950170-24-054750-index.htm

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