Charlotte's Web names Jessica Saxton CFO effective Jan 1, 2023; Greg Gould departs Dec 31

Charlotte's Web Holdings, Inc.

Jessica Saxton appointed CFO effective Jan 1, 2023, succeeding Greg Gould, who departs Dec 31, 2022 without disagreement.
Base salary $300,000/yr; target STI bonus 75% of earnings; LTI guaranteed $400,000 stock awards for 2023-2024.
Signing bonus of $400,000 equity (25% RSU, 75% NQSOs) vesting over 2 years; relocation assistance up to $40,000.
Saxton brings CPG finance experience from Anheuser-Busch InBev, General Motors, and Owens Corning.
Outgoing CFO Gould served during transition to SEC reporting and completion of $57M financing in 2022.

item 5.02 item 7.01

Executive movements

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Departed

Greg Gould

Executive Vice President - Chief Financial Officer, Chief Administration Officer, and principal accounting officer

CWBHF · Charlotte's Web Holdings, Inc.

Effective: 2022-12-31
Successor: Jessica Saxton
Filed: December 22, 2022, 6:59 PM ET

Greg Gould, who will depart the Company effective December 31, 2022.

Appointed

Jessica Saxton

Chief Financial Officer and principal accounting officer

CWBHF · Charlotte's Web Holdings, Inc.

Effective: 2023-01-01
Filed: December 22, 2022, 6:59 PM ET

On December 19, 2022, Charlotte’s Web Holdings, Inc. (the “Company”) announced the appointment of Jessica Saxton, age 35, as the Company’s Chief Financial Officer and principal accounting officer effective January 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Greg Gould departed as Executive Vice President - Chief Financial Officer, Chief Administration Officer, and principal accounting officer at Charlotte's Web Holdings, Inc..

Action: departing
Role: Executive Vice President - Chief Financial Officer, Chief Administration Officer, and principal accounting officer

Exact text from the filing

Greg Gould, who will depart the Company effective December 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Jessica Saxton was appointed as Chief Financial Officer and principal accounting officer at Charlotte's Web Holdings, Inc..

Action: appointed
Role: Chief Financial Officer and principal accounting officer

Exact text from the filing

On December 19, 2022, Charlotte’s Web Holdings, Inc. (the “Company”) announced the appointment of Jessica Saxton, age 35, as the Company’s Chief Financial Officer and principal accounting officer effective January 1, 2023.

View on SEC.gov

Charlotte's Web Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001279569-22-002070

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