Canopy Growth announces CEO David Klein to retire by March 31, 2025; board begins successor search

Canopy Growth Corp

CEO David Klein will retire by March 31, 2025; remains CEO until successor appointed or that date.
After End Date, Klein becomes Special Advisor to Board at $5,000/month through August 31, 2025.
During transition, Klein continues $750K salary, perquisite pay, and eligibility for FY2025 STI bonus.
Board has engaged a globally recognized search firm to conduct CEO selection process.

item 5.02 item 7.01 item 9.01

Executive movements

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Role change

David Klein

Chief Executive Officer

CGC · Canopy Growth Corp

Filed: August 16, 2024, 7:59 PM ET

On August 15, 2024, Canopy Growth Corporation (the “Company”) entered into a Mutual Separation Agreement (the “Separation Agreement”) with David Klein, the Company’s Chief Executive Officer (“CEO”), pursuant to which Mr. Klein will remain as CEO until the earlier of: (i) March 31, 2025; or (ii) the date that a new CEO commences employment (the “End Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Klein changed role as Chief Executive Officer at Canopy Growth Corp.

Action: will retire
Role: Chief Executive Officer

Exact text from the filing

On August 15, 2024, Canopy Growth Corporation (the “Company”) entered into a Mutual Separation Agreement (the “Separation Agreement”) with David Klein, the Company’s Chief Executive Officer (“CEO”), pursuant to which Mr. Klein will remain as CEO until the earlier of: (i) March 31, 2025; or (ii) the date that a new CEO commences employment (the “End Date”).

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Canopy Growth Corp filing history →

Source: SEC EDGAR

accession 0001104659-24-090360

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