---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-098279"
form_type: "8-K"
ticker: "VFF"
cik: "0001584549"
company_name: "Village Farms International, Inc."
filed_at: "2024-08-19T23:59:59+00:00"
generated_at: "2026-05-31T08:40:28.375237+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Village Farms CEO Michael DeGiglio enters new three-year employment agreement

## Summary
- Base salary set at $1,022,880/year, increased 4% retroactive to May 15, 2024.
- Maximum annual STIP bonus of 100% base salary; LTIP bonus up to 100% base in stock options.
- Severance: if terminated without cause or for good reason, lump sum equal to 3x salary plus pro rata bonus.
- Term from Aug 15, 2024 to Aug 15, 2027, with automatic one-year renewals.
- Agreement includes non-compete, confidentiality, and clawback policy provisions.

## SEC filing metadata
- accession: 0000950170-24-098279
- form_type: 8-K
- ticker: VFF
- cik: 0001584549
- company_name: Village Farms International, Inc.
- filed_at: 2024-08-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1584549/000095017024098279/0000950170-24-098279-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1584549/000095017024098279/vff-20240815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-098279
- JSON: https://secwatch.observer/filing/0000950170-24-098279.json
- Plain text: https://secwatch.observer/filing/0000950170-24-098279.txt

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