TerrAscend shareholders approve option repricing for CEO, CFO; CFO resignation confirmed

TerrAscend Corp.

Shareholders approved amendment of 3,706,250 stock options held by CEO Ziad Ghanem, CFO Keith Stauffer, and CLO Lynn Gefen, reducing exercise price to 5-day VWAP on TSX before June 24, 2025.
Repricing conditional on each insider serving 12 months from June 24; CFO Stauffer resigned effective July 18, 2025, and will not meet service requirement.
All five director nominees elected: Craig Collard, Kara DioGuardi, Ira Duarte, Ed Schutter, Jason Wild.
Auditor MNP LLP re-appointed; option amendment passed with 49.8M votes for and 12.8M against.

item 5.02 item 5.07

Executive movements

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Departed

Keith Stauffer

Chief Financial Officer

TSNDF · TerrAscend Corp.

Effective: 2025-07-18
Filed: June 24, 2025, 7:59 PM ET

As previously disclosed, on May 28, 2025, Mr. Stauffer notified the Company of his decision to resign as the Company’s Chief Financial Officer, effective July 18, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Keith Stauffer resigned as Chief Financial Officer at TerrAscend Corp..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

As previously disclosed, on May 28, 2025, Mr. Stauffer notified the Company of his decision to resign as the Company’s Chief Financial Officer, effective July 18, 2025.

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TerrAscend Corp. filing history →

Source: SEC EDGAR

accession 0000950170-25-089492

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