iAnthus appoints Robert Galvin as Interim CEO; Maryland & Florida approve recapitalization steps

iANTHUS CAPITAL HOLDINGS, INC.

Randy Maslow resigns as Interim CEO, President and Director effective May 6, 2022; remains consultant for 6 months.
Robert Galvin appointed Interim CEO and Director; he had been Interim COO since November 2020.
Maslow receives lump-sum and 8-month cash installments; forfeits RSUs under contingent long-term incentive plan.
Maryland Medical Cannabis Commission approved ownership change of S8 subsidiary on April 1, 2022.
Florida OMMU dismissed petition challenging variance approval on May 4, 2022; approvals still needed in MA, NJ, NY.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed (interim)

Robert R. Galvin

Interim Chief Executive Officer and Member of the Board

ITHUF · iANTHUS CAPITAL HOLDINGS, INC.

Effective: 2022-05-06
Filed: May 6, 2022, 7:59 PM ET

The Board of Directors (the “Board”) of iAnthus Capital Holdings, Inc. (the “Company”) appointed Robert R. Galvin as Interim Chief Executive Officer and a member of the Board of the Company in replacement of Randy Maslow effective as of May 6, 2022 (the “Effective Date”).

Departed (interim)

Randy Maslow

Interim Chief Executive Officer and Director

ITHUF · iANTHUS CAPITAL HOLDINGS, INC.

Effective: 2022-05-06
Successor: Robert R. Galvin
Filed: May 6, 2022, 7:59 PM ET

In connection with Mr. Maslow’s resignation, the Company entered into a separation agreement (the “Separation Agreement”) with Mr. Maslow pursuant to which Mr. Maslow will receive certain compensation and benefits valued to substantially equal the value of entitlements he would have received under Section 4(g) of his Employment Agreement.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert R. Galvin was appointed as Interim Chief Executive Officer and Member of the Board at iANTHUS CAPITAL HOLDINGS, INC..

Action: appointed
Role: Interim Chief Executive Officer and Member of the Board

Exact text from the filing

The Board of Directors (the “Board”) of iAnthus Capital Holdings, Inc. (the “Company”) appointed Robert R. Galvin as Interim Chief Executive Officer and a member of the Board of the Company in replacement of Randy Maslow effective as of May 6, 2022 (the “Effective Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Randy Maslow resigned as Interim Chief Executive Officer and Director at iANTHUS CAPITAL HOLDINGS, INC..

Action: resigned
Role: Interim Chief Executive Officer and Director

Exact text from the filing

In connection with Mr. Maslow’s resignation, the Company entered into a separation agreement (the “Separation Agreement”) with Mr. Maslow pursuant to which Mr. Maslow will receive certain compensation and benefits valued to substantially equal the value of entitlements he would have received under Section 4(g) of his Employment Agreement.

View on SEC.gov

iANTHUS CAPITAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001279569-22-000738

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