{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-065353","form_type":"8-K","ticker":"RFL","cik":"0001713863","company_name":"Rafael Holdings, Inc.","filed_at":"2025-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.756767+00:00","generated_at":"2026-05-18T05:46:49.424420+00:00","sec_items":["5.02","5.03","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Rafael Holdings elects N. Scott Fine as ex-officio director; Cyclo CEO departs with $852K severance","bullets":["N. Scott Fine elected as ex-officio (non-voting) director of Rafael Holdings.","Fine resigned as CEO of Cyclo Therapeutics (subsidiary), effective July 31, 2025.","Severance payment of $852,168 in 36 semi-monthly installments plus continued equity vesting.","Board amended bylaws to authorize ex-officio directors and vice chairman officer position."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-065353","json":"https://secwatch.observer/filing/0001213900-25-065353.json","markdown":"https://secwatch.observer/filing/0001213900-25-065353.md","text":"https://secwatch.observer/filing/0001213900-25-065353.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1713863/000121390025065353/0001213900-25-065353-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1713863/000121390025065353/ea0249478-8k_rafael.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:46:49.424420+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":"5f078923d69dd54d1914e30e7d61e5a8a51ca364","claim":"Rafael Holdings, Inc.: Adopted Fourth Amended and Restated By-Laws adding ex-officio (non-voting) directors and authorizing vice chairman position, with corresponding changes to various articles and sections (effective 2025-07-14).","evidence_excerpt":"On July 14, 2025, the Board of Directors of the Company adopted the Company’s Fourth Amended and Restated By-Laws, effective as of July 14, 2025, with the effect of adding ex-officio (non-voting) directors (in addition to voting directors) to the Board and authorizing the officer position of vice chairman and making corresponding changes to the following Articles and Sections: ● Article III, Sections 1, 2, 3, 4, 5, 6, 8, and 11. ● Article IV, Section 1. ● Article IX.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1713863/000121390025065353/0001213900-25-065353-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2025-07-14"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}