secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2021-11-19T23:59:59+00:00
Accession:  0001104659-21-141633
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

22nd Century Group appoints Richard Fitzgerald as CFO; Franzino becomes CAO
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- Richard Fitzgerald appointed CFO effective Nov 15, 2021, succeeding John Franzino who becomes Chief Administrative Officer.
- Fitzgerald's base salary set at $325,000 with a one-time inducement award of $75,000.
- Employment agreement has a three-year term; severance of 12 months' base salary upon termination without cause or for good reason.
- Fitzgerald previously served as CFO of CleanTech Acquisition Corp, Immunome, Sesen Bio, and PAVmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000110465921141633/0001104659-21-141633-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000110465921141633/tm2133415-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-141633

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer