---
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"
generated_at: "2026-06-03T06:24:18.433229+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Adial Pharmaceuticals enters separation agreement with Dr. Bankole Johnson; consulting termination May 17, 2024

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-036613
- JSON: https://secwatch.observer/filing/0001213900-24-036613.json
- Plain text: https://secwatch.observer/filing/0001213900-24-036613.txt

## Key facts
- Executive change
  Dr. Bankole A. Johnson departed as other at ADIAL PHARMACEUTICALS, INC..
  - Action: entered into a Separation Agreement
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1513525/000121390024036613/0001213900-24-036613-index.htm

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