8-K
filed October 7, 2022, 7:59 PM ET
ticker GTBIF
CIK 0001795139
leadership
confidence high
sentiment negative
materiality 0.75
Green Thumb board shake-up: three directors resign over policy dispute; new board members appointed
Green Thumb Industries Inc.
- Directors Glen Senk, William Gruver, and Dorri McWhorter resigned Oct 4 due to disagreement over personal misconduct policies, not financials.
- Richard Drexler (former Quality Products CEO) and Jeff Goldman (CPG entrepreneur) appointed to board; Drexler named Audit Committee Chair.
- General Counsel and Corporate Secretary Beth Burk resigned effective Oct 4.
- Jeff Goldman previously received stock options and RSUs totaling ~$225k from consulting agreements with a Green Thumb subsidiary.
- Company is searching for additional qualified board members.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Beth Burk resigned as General Counsel and Corporate Secretary at Green Thumb Industries Inc..
- Action
- resigned
- Role
- General Counsel and Corporate Secretary
Exact text from the filing
On October 4, 2022, Beth Burk, General Counsel and Corporate Secretary of the Company, informed the Company of her resignation effective October 4, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dorri McWhorter resigned as Director at Green Thumb Industries Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On October 4, 2022, Glen Senk, William Gruver and Dorri McWhorter informed the Company that they resigned as members of the Board, including from their roles on the committees of the Board, effective upon receipt of their resignations by the Company on October 4, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William Gruver resigned as Director at Green Thumb Industries Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On October 4, 2022, Glen Senk, William Gruver and Dorri McWhorter informed the Company that they resigned as members of the Board, including from their roles on the committees of the Board, effective upon receipt of their resignations by the Company on October 4, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Glen Senk resigned as Director at Green Thumb Industries Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On October 4, 2022, Glen Senk, William Gruver and Dorri McWhorter informed the Company that they resigned as members of the Board, including from their roles on the committees of the Board, effective upon receipt of their resignations by the Company on October 4, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeff Goldman was appointed as Director at Green Thumb Industries Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Also on October 5, 2022, the Board appointed Jeff Goldman as a director of the Company, to serve in such capacity until the Company’s2023 Annual General Meeting of Shareholders and until his successor is elected and qualified, or until his earlier resignation, retirement or removal.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard Drexler was appointed as Director at Green Thumb Industries Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On October 5, 2022, the Board of Directors (the “Board”) of Green Thumb Industries Inc. (the “Company”) appointed Richard Drexler as a director of the Company, to serve in such capacity until the Company’s 2023 Annual General Meeting of Shareholders and until his successor is elected and qualified, or until his earlier resignation, retirement or removal.
View on SEC.gov
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