---
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"
generated_at: "2026-05-18T05:46:49.424420+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Rafael Holdings elects N. Scott Fine as ex-officio director; Cyclo CEO departs with $852K severance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-065353
- JSON: https://secwatch.observer/filing/0001213900-25-065353.json
- Plain text: https://secwatch.observer/filing/0001213900-25-065353.txt

## Key facts
- Governance Changes
  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).
  - Change: bylaw amendment
  - Effective: 2025-07-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1713863/000121390025065353/0001213900-25-065353-index.htm

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