8-K filed August 31, 2021, 7:59 PM ET ticker CNFN CIK 0001352952

M&A confidence medium sentiment neutral materiality 0.75

CFN Enterprises acquires CNP Operating for 354M shares; appoints new officers

CFN Enterprises Inc.

Acquired 100% of CNP Operating, a rare cannabinoids manufacturer, for 354 million shares of common stock.
Acquisition closed August 25, 2021; shares issued under Section 4(a)(2) with 12-month lock-up and further 12-month restrictions.
Entered employment agreements with Brian Ross (CEO), Mario Marsillo (CIO), Vince Kandis (Pres of CNP Op), Spiro Kandis (CPO), and John Rand (EVP of Finance) through Dec 31, 2026.
Base salaries: Ross, V. Kandis, S. Kandis $300k; Marsillo $265k; Rand $160k; plus annual raises and bonuses up to 100% (30% for Rand).
Severance: if terminated w/o cause, greater of remaining payments or one year salary; confidentiality & assignment provisions.

item 2.01 item 3.02 item 5.02 item 5.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Spiro Kandis

Chief Product Officer of CNP Operating

CNFN · CFN Enterprises Inc.

Effective: 2021-08-25
Filed: August 31, 2021, 7:59 PM ET

appointing him as Chief Product Officer of CNP Operating

Appointed

Mario Marsillo Jr.

Chief Investment Officer

CNFN · CFN Enterprises Inc.

Effective: 2021-08-25
Filed: August 31, 2021, 7:59 PM ET

appointing him as Chief Investment Officer

Appointed

John Rand

Executive Vice President of Finance

CNFN · CFN Enterprises Inc.

Effective: 2021-08-25
Filed: August 31, 2021, 7:59 PM ET

appointing him as Executive Vice President of Finance

Appointed

Vince Kandis

President of CNP Operating

CNFN · CFN Enterprises Inc.

Effective: 2021-08-25
Filed: August 31, 2021, 7:59 PM ET

appointing him as President of CNP Operating

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Spiro Kandis was appointed as Chief Product Officer of CNP Operating at CFN Enterprises Inc..

Action: appointed
Role: Chief Product Officer of CNP Operating

Exact text from the filing

appointing him as Chief Product Officer of CNP Operating

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mario Marsillo Jr. was appointed as Chief Investment Officer at CFN Enterprises Inc..

Action: appointed
Role: Chief Investment Officer

Exact text from the filing

appointing him as Chief Investment Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Rand was appointed as Executive Vice President of Finance at CFN Enterprises Inc..

Action: appointed
Role: Executive Vice President of Finance

Exact text from the filing

appointing him as Executive Vice President of Finance

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Vince Kandis was appointed as President of CNP Operating at CFN Enterprises Inc..

Action: appointed
Role: President of CNP Operating

Exact text from the filing

appointing him as President of CNP Operating

View on SEC.gov

CFN Enterprises Inc. filing history →

Source: SEC EDGAR

accession 0001096906-21-002203

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