---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-073104"
form_type: "8-K"
ticker: "RFL"
cik: "0001713863"
company_name: "Rafael Holdings, Inc."
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:54:31.244771+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Rafael Holdings CMO resigns, appoints Joshua Fine COO; severance agreements disclosed

## Summary
- John Goldberg resigned as CMO effective July 31, 2025; receives $218,195 severance plus 99,429 shares vesting Nov 4, 2025.
- Joshua Fine appointed COO; base salary increased to $428,000, options with $25,000 Black-Scholes value.
- N. Scott Fine receives $852,168 severance over 36 installments; continues vesting on unvested equity as Vice Chairman.
- Rafael Holdings substituted for Cyclo Therapeutics as employer under Fine's amended employment agreement.

## SEC filing metadata
- accession: 0001213900-25-073104
- form_type: 8-K
- ticker: RFL
- cik: 0001713863
- company_name: Rafael Holdings, Inc.
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1713863/000121390025073104/0001213900-25-073104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1713863/000121390025073104/ea0252232-8k_rafael.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-073104
- JSON: https://secwatch.observer/filing/0001213900-25-073104.json
- Plain text: https://secwatch.observer/filing/0001213900-25-073104.txt

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