---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-097741"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:09:44.280323+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Five directors resign from 180 Life Sciences board over cost-cutting dispute

## Summary
- Francis Knuettel II, Pam Marrone, Teresa DeLuca, Larry Gold, and Russell Ray resigned December 17, 2023.
- Resignations stemmed from a difference of opinion with the Company on cost cutting initiatives.
- Knuettel served on Audit and Risk Committees; Marrone chaired Risk Committee and was on Compensation Committee.
- DeLuca chaired Compensation Committee and served on Nominating Committee; Gold chaired Nominating and was on Audit.
- Ray served on Audit, Compensation, and Nominating Committees; no replacements announced.

## SEC filing metadata
- accession: 0001213900-23-097741
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690080/000121390023097741/0001213900-23-097741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390023097741/ea190533-8k_180life.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-097741
- JSON: https://secwatch.observer/filing/0001213900-23-097741.json
- Plain text: https://secwatch.observer/filing/0001213900-23-097741.txt

## Key facts
- Executive change
  Larry Gold resigned as Director at FORUM MARKETS Inc.
  - Action: resigned
  - Role: Director
  source text: Effective on December 17, 2023, Francis Knuettel II, Pam Marrone, Teresa DeLuca, Larry Gold, and Russell Ray, resigned as members of the Board of Directors of 180 Life Sciences Corp.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390023097741/0001213900-23-097741-index.htm
- Executive change
  Russell Ray resigned as Director at FORUM MARKETS Inc.
  - Action: resigned
  - Role: Director
  source text: Effective on December 17, 2023, Francis Knuettel II, Pam Marrone, Teresa DeLuca, Larry Gold, and Russell Ray, resigned as members of the Board of Directors of 180 Life Sciences Corp.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390023097741/0001213900-23-097741-index.htm
- Executive change
  Pam Marrone resigned as Director at FORUM MARKETS Inc.
  - Action: resigned
  - Role: Director
  source text: Effective on December 17, 2023, Francis Knuettel II, Pam Marrone, Teresa DeLuca, Larry Gold, and Russell Ray, resigned as members of the Board of Directors of 180 Life Sciences Corp.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390023097741/0001213900-23-097741-index.htm
- Executive change
  Francis Knuettel II resigned as Director at FORUM MARKETS Inc.
  - Action: resigned
  - Role: Director
  source text: Effective on December 17, 2023, Francis Knuettel II, Pam Marrone, Teresa DeLuca, Larry Gold, and Russell Ray, resigned as members of the Board of Directors of 180 Life Sciences Corp.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390023097741/0001213900-23-097741-index.htm
- Executive change
  Teresa DeLuca resigned as Director at FORUM MARKETS Inc.
  - Action: resigned
  - Role: Director
  source text: Effective on December 17, 2023, Francis Knuettel II, Pam Marrone, Teresa DeLuca, Larry Gold, and Russell Ray, resigned as members of the Board of Directors of 180 Life Sciences Corp.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390023097741/0001213900-23-097741-index.htm

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