Trulieve appoints Harvest co-founder Steven M. White as President; Rivers remains CEO

Trulieve Cannabis Corp.

White appointed President effective Dec 24, 2021; CEO Kim Rivers no longer serves as President.
Annual base salary $375,000; bonus target 70% of salary, up to 140% for superior performance.
Employment agreement includes 24-month severance (2x salary + bonus) for termination without cause or for good reason.
White co-founded Harvest Health, acquired by Trulieve in Oct 2021; holds interest in Harvest of Ohio LLC via two promissory notes ($5M + $3M).

item 5.02 item 9.01

Executive movements

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Appointed

Steven M. White

President

TCNNF · Trulieve Cannabis Corp.

Effective: 2021-12-24
Filed: December 29, 2021, 6:59 PM ET

On December 24, 2021 (the “Effective Date”), the Board of Directors of Trulieve Cannabis Corp. (the “Company”) appointed Steven M. White as President of the Company.

Role change

Kim Rivers

President

TCNNF · Trulieve Cannabis Corp.

Effective: 2021-12-24
Successor: Steven M. White
Filed: December 29, 2021, 6:59 PM ET

Kim Rivers, the Company’s Chief Executive Officer and principal executive officer, will no longer serve as President of the Company as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Steven M. White was appointed as President at Trulieve Cannabis Corp..

Action: appointed
Role: President

Exact text from the filing

On December 24, 2021 (the “Effective Date”), the Board of Directors of Trulieve Cannabis Corp. (the “Company”) appointed Steven M. White as President of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Kim Rivers changed role as President at Trulieve Cannabis Corp..

Action: no longer serve as
Role: President

Exact text from the filing

Kim Rivers, the Company’s Chief Executive Officer and principal executive officer, will no longer serve as President of the Company as of the Effective Date.

View on SEC.gov

Trulieve Cannabis Corp. filing history →

Source: SEC EDGAR

accession 0001193125-21-368209

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