--- schema_version: "secwatch.filing_event.v1" accession: "0001140361-21-026244" form_type: "8-K/A" ticker: "TLRY" cik: "0001731348" company_name: "Tilray Brands, Inc." filed_at: "2021-07-30T23:59:59+00:00" generated_at: "2026-06-30T00:28:01.045950+00:00" event_type: "leadership" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # Tilray appoints Irwin Simon as CEO with $1.7M salary, $10M one-time bonus, $15M equity grants ## Summary - Irwin Simon named CEO and Chair; annual base salary $1.7M, target bonus 200% of base, one-time $10M cash bonus, $15M equity grant. - CFO Michael Kruteck resigns effective April 30; receives 12 months' base salary severance plus equity acceleration; Carl Merton appointed CFO. - COO Jon Levin resigns effective April 30; receives 12 months' base salary severance plus equity acceleration; James Meiers named Head of Canada. - Other execs (Merton, Faltischek, Meiers) each get $2M one-time equity grant, target bonus 100% of salary. - Non-employee directors to receive $200K initial RSU and $200K annual RSU awards. ## SEC filing metadata - accession: 0001140361-21-026244 - form_type: 8-K/A - ticker: TLRY - cik: 0001731348 - company_name: Tilray Brands, Inc. - filed_at: 2021-07-30T23:59:59+00:00 - event_type: leadership - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 5.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/brhc10027417_8ka.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001140361-21-026244 - JSON: https://secwatch.observer/filing/0001140361-21-026244.json - Plain text: https://secwatch.observer/filing/0001140361-21-026244.txt ## Key facts - Executive change Christine St.Clare resigned as Director at Tilray Brands, Inc.. - Action: resigned - Role: Director source text: Each of Michael Auerbach, Rebekah Dopp, Soren Schroder and Christine St.Clare (the “ Resigning Directors ”) resigned from the Board and from all committees of the Board of which such individual was a member, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change John M. Herhalt was appointed as Director at Tilray Brands, Inc.. - Action: appointed - Role: Director source text: John M. Herhalt *(4) 63 Director evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change David F. Clanachan was appointed as Director at Tilray Brands, Inc.. - Action: appointed - Role: Director source text: David F. Clanachan †(1) 59 Director evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change Renah Persofsky was appointed as Director at Tilray Brands, Inc.. - Action: appointed - Role: Director source text: Renah Persofsky †(6)(7) 62 Director evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change Walter Robb was appointed as Director at Tilray Brands, Inc.. - Action: appointed - Role: Director source text: Walter Robb *(1)(5) 66 Director evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change David Hopkinson was appointed as Director at Tilray Brands, Inc.. - Action: appointed - Role: Director source text: David Hopkinson ±(2)(3) 49 Director evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change Jodi Butts was appointed as Director at Tilray Brands, Inc.. - Action: appointed - Role: Director source text: Jodi Butts ±(3) 48 Director evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change Soren Schroder resigned as Director at Tilray Brands, Inc.. - Action: resigned - Role: Director source text: Each of Michael Auerbach, Rebekah Dopp, Soren Schroder and Christine St.Clare (the “ Resigning Directors ”) resigned from the Board and from all committees of the Board of which such individual was a member, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change Thomas (Tom) Looney was appointed as Director at Tilray Brands, Inc.. - Action: appointed - Role: Director source text: Thomas (Tom) Looney ± (1)(2) 57 Director evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change Brendan Kennedy resigned as Chairperson of the Board at Tilray Brands, Inc.. - Action: resigned - Role: Chairperson of the Board source text: Brendan Kennedy, Tilray’s former chief executive officer and chairperson of the Board, submitted an irrevocable letter of resignation and release (the “ Letter of Resignation ”) whereby Mr. Kennedy resigned from all positions held at Tilray (other than as a member of the Board) evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change Irwin D. Simon was appointed as Chairperson of the Board of Directors at Tilray Brands, Inc.. - Action: appointed - Role: Chairperson of the Board of Directors source text: Irwin D. Simon † 62 Chairperson of the Board of Directors evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change Michael Auerbach resigned as Director at Tilray Brands, Inc.. - Action: resigned - Role: Director source text: Each of Michael Auerbach, Rebekah Dopp, Soren Schroder and Christine St.Clare (the “ Resigning Directors ”) resigned from the Board and from all committees of the Board of which such individual was a member, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change Brendan Kennedy resigned as Chief Executive Officer at Tilray Brands, Inc.. - Action: resigned - Role: Chief Executive Officer source text: Brendan Kennedy, Tilray’s former chief executive officer and chairperson of the Board, submitted an irrevocable letter of resignation and release (the “ Letter of Resignation ”) whereby Mr. Kennedy resigned from all positions held at Tilray (other than as a member of the Board) evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change Rebekah Dopp resigned as Director at Tilray Brands, Inc.. - Action: resigned - Role: Director source text: Each of Michael Auerbach, Rebekah Dopp, Soren Schroder and Christine St.Clare (the “ Resigning Directors ”) resigned from the Board and from all committees of the Board of which such individual was a member, effective as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm - Executive change Michael Kruteck resigned as Chief Financial Officer at Tilray Brands, Inc.. - Action: resigned - Role: Chief Financial Officer source text: Michael Kruteck notified Tilray of his intent to resign as chief financial officer of Tilray effective April 30, 2021 evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000114036121026244/0001140361-21-026244-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.