---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-003907"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:33:57.628261+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-003907
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690080/000121390023003907/0001213900-23-003907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390023003907/ea171897-8k_180life.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-003907
- JSON: https://secwatch.observer/filing/0001213900-23-003907.json
- Plain text: https://secwatch.observer/filing/0001213900-23-003907.txt

## Key facts
- Executive change
  Quan Vu resigned as Chief Operating/Chief Business Officer at FORUM MARKETS Inc.
  - Action: resigned
  - Role: Chief Operating/Chief Business Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390023003907/0001213900-23-003907-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.