{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-036613","form_type":"8-K","ticker":"ADIL","cik":"0001513525","company_name":"ADIAL PHARMACEUTICALS, INC.","filed_at":"2024-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.762163+00:00","generated_at":"2026-06-03T06:24:18.433229+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Adial Pharmaceuticals enters separation agreement with Dr. Bankole Johnson; consulting termination May 17, 2024","bullets":["Separation agreement with Dr. Bankole Johnson signed April 22, 2024; consulting termination effective May 17, 2024.","One-time separation fee of $54,375; may continue consulting at $850/hour with prior approval.","Up to $225,000 in milestone payments if certain goals achieved by December 31, 2024.","Agreement includes general release of claims, confidentiality, and mutual nondisparagement."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-036613","json":"https://secwatch.observer/filing/0001213900-24-036613.json","markdown":"https://secwatch.observer/filing/0001213900-24-036613.md","text":"https://secwatch.observer/filing/0001213900-24-036613.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1513525/000121390024036613/0001213900-24-036613-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1513525/000121390024036613/ea0204623-8k_adialphar.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T06:24:18.433229+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dedb471333","claim":"Dr. Bankole A. Johnson departed as other at ADIAL PHARMACEUTICALS, INC..","evidence_excerpt":"On April 24, 2024, Adial Pharmaceuticals, Inc. (the “Company”) entered into a Separation Agreement and Release, dated April 22, 2024 (the “Separation Agreement”), with Dr. Bankole A. Johnson.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1513525/000121390024036613/0001213900-24-036613-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"entered into a Separation Agreement"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}