---
schema_version: "secwatch.filing_event.v1"
accession: "0001279569-23-000774"
form_type: "8-K"
ticker: "CWBHF"
cik: "0001750155"
company_name: "Charlotte's Web Holdings, Inc."
filed_at: "2023-06-13T23:59:59+00:00"
generated_at: "2026-06-14T02:12:16.066934+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Charlotte's Web board rejects Stanley demand to replace independent directors ahead of June 15 meeting

## Summary
- Joel and Jesse Stanley demanded replacement of majority of board within 48 hours; board refuses.
- Board cites conflicts: Stanleys have ongoing business relationships with the company.
- ISS and Glass Lewis recommend voting FOR all of management's director nominees.
- Shareholders urged to vote by 11:59 PM ET on June 14; Morrow Sodali assists.
- Company engaged DLA Piper, Morrow Sodali, and ICR for legal and advisory support.

## SEC filing metadata
- accession: 0001279569-23-000774
- form_type: 8-K
- ticker: CWBHF
- cik: 0001750155
- company_name: Charlotte's Web Holdings, Inc.
- filed_at: 2023-06-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750155/000127956923000774/0001279569-23-000774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750155/000127956923000774/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001279569-23-000774
- JSON: https://secwatch.observer/filing/0001279569-23-000774.json
- Plain text: https://secwatch.observer/filing/0001279569-23-000774.txt

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