COO Quan Vu resigns; 180 Life Sciences pays $281K severance plus $125K backpay

FORUM MARKETS Inc

Quan Vu resigned as COO/Chief Business Officer effective Jan 18, 2023.
Severance: $281,190 plus up to $1,100/month for 8 months health insurance.
Company also paying $73,645 accrued backpay, $16,250 2021 bonus backpay, $36,050 accrued PTO.
Vu released all claims and agreed to confidentiality and non-disparagement covenants.
Company evaluating replacement; will rely on consultant Dr. Glenn Larsen for out-licensing.

item 5.02 item 9.01

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Departed

Quan Vu

Chief Operating/Chief Business Officer

FRMM · FORUM MARKETS Inc

Effective: 2023-01-18
Filed: January 20, 2023, 6:59 PM ET

On January 18, 2023, Mr. Quan Vu resigned as Chief Operating/Chief Business Officer of 180 Life Sciences Corp. (the “ Company ”, “ we ” and “ us ”) effective the same date

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Quan Vu resigned as Chief Operating/Chief Business Officer at FORUM MARKETS Inc.

Action: resigned
Role: Chief Operating/Chief Business Officer

Exact text from the filing

On January 18, 2023, Mr. Quan Vu resigned as Chief Operating/Chief Business Officer of 180 Life Sciences Corp. (the “ Company ”, “ we ” and “ us ”) effective the same date

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Source: SEC EDGAR

accession 0001213900-23-003907

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