---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-026820"
form_type: "8-K"
ticker: null
cik: "0001622879"
company_name: "Medicine Man Technologies, Inc."
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T17:08:43.065422+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Schwazze CEO Krishnamurthy resigns; CFO Hoffmaster named interim CEO

## Summary
- CEO Nirup Krishnamurthy resigned Feb 20, 2024 for personal reasons; no disagreement.
- Separation agreement: 8 months severance at current base salary plus COBRA coverage.
- CFO Forrest Hoffmaster appointed interim CEO effective Feb 21, 2024.
- Hoffmaster's base salary increased from $360k to $400k; eligible for $240k bonus in 6 months.
- Board to search for permanent CEO and a replacement director following Krishnamurthy's departure.

## SEC filing metadata
- accession: 0001104659-24-026820
- form_type: 8-K
- cik: 0001622879
- company_name: Medicine Man Technologies, Inc.
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1622879/000110465924026820/0001104659-24-026820-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1622879/000110465924026820/tm246956d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-026820
- JSON: https://secwatch.observer/filing/0001104659-24-026820.json
- Plain text: https://secwatch.observer/filing/0001104659-24-026820.txt

## Key facts
- Executive change
  Forrest Hoffmaster was appointed as interim Chief Executive Officer at Medicine Man Technologies, Inc..
  - Action: appointed
  - Role: interim Chief Executive Officer
  source text: On February 21, 2024 (“Appointment Date”), the Board appointed Forrest Hoffmaster, the Company’s Chief Financial Officer, as interim Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622879/000110465924026820/0001104659-24-026820-index.htm
- Executive change
  Nirup Krishnamurthy resigned as Chief Executive Officer at Medicine Man Technologies, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On February 20, 2024, the Company received notice of the resignation of Nirup Krishnamurthy as a member of the Company’s board of directors (the “Board”) and Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622879/000110465924026820/0001104659-24-026820-index.htm
- Executive change
  Nirup Krishnamurthy resigned as Director at Medicine Man Technologies, Inc..
  - Action: resigned
  - Role: Director
  source text: resignation of Nirup Krishnamurthy as a member of the Company’s board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622879/000110465924026820/0001104659-24-026820-index.htm

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