---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-089492"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2025-06-24T23:59:59+00:00"
generated_at: "2026-05-18T22:48:58.207151+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-089492
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2025-06-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000095017025089492/0000950170-25-089492-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017025089492/tsndf-20250624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-089492
- JSON: https://secwatch.observer/filing/0000950170-25-089492.json
- Plain text: https://secwatch.observer/filing/0000950170-25-089492.txt

## Key facts
- Executive change
  Keith Stauffer resigned as Chief Financial Officer at TerrAscend Corp..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017025089492/0000950170-25-089492-index.htm

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