---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-066703"
form_type: "8-K"
ticker: null
cik: "0001622879"
company_name: "Medicine Man Technologies, Inc."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:31:23.924544+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Schwazze names President Nirup Krishnamurthy as CEO; founder Justin Dye becomes Chairman

## Summary
- Justin Dye resigned as CEO (May 24) and Executive Chairman (May 27); becomes non-executive Chairman.
- Nirup Krishnamurthy (former President) appointed CEO; $475K salary, $100K bonus, 800K options, 1.6M RSUs.
- Dye gets $300K/year Chairman compensation, $350K severance if removed before May 27, 2024 (not for cause); all stock options fully vest.
- Succession planned for nearly a year; Krishnamurthy had been President since Oct 2022; strategy continuity in CO/NM markets.

## SEC filing metadata
- accession: 0001104659-23-066703
- form_type: 8-K
- cik: 0001622879
- company_name: Medicine Man Technologies, Inc.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1622879/000110465923066703/0001104659-23-066703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1622879/000110465923066703/tm2317466d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-066703
- JSON: https://secwatch.observer/filing/0001104659-23-066703.json
- Plain text: https://secwatch.observer/filing/0001104659-23-066703.txt

## Key facts
- Executive change
  Justin Dye resigned as Executive Chairman of the Board at Medicine Man Technologies, Inc..
  - Action: resigned
  - Role: Executive Chairman of the Board
  source text: The Company also received notice of Mr. Dye’s resignation as the Executive Chairman of the Board effective May 27, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622879/000110465923066703/0001104659-23-066703-index.htm
- Executive change
  Nirup Krishnamurthy was appointed as Chief Executive Officer at Medicine Man Technologies, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On May 24, 2023, the Board appointed Nirup Krishnamurthy, 60, as the Company’s Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622879/000110465923066703/0001104659-23-066703-index.htm
- Executive change
  Justin Dye resigned as Chief Executive Officer at Medicine Man Technologies, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: The Company received notice of the resignation of Justin Dye as the Company’s Chief Executive Officer effective May 24, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622879/000110465923066703/0001104659-23-066703-index.htm
- Executive change
  Justin Dye was appointed as Chairman of the Board at Medicine Man Technologies, Inc..
  - Action: appointed
  - Role: Chairman of the Board
  source text: Effective as of May 27, 2023, the Board accepted Mr. Dye’s resignation as the Executive Chairman of the Board and appointed Mr. Dye as Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622879/000110465923066703/0001104659-23-066703-index.htm

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