{"schema_version":"secwatch.filing_event.v1","accession":"0001279569-23-001174","form_type":"8-K","ticker":"CWBHF","cik":"0001750155","company_name":"Charlotte's Web Holdings, Inc.","filed_at":"2023-09-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.083545+00:00","generated_at":"2026-06-10T19:14:10.755041+00:00","sec_items":["5.02","7.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Charlotte's Web appoints Bill Morachnick as CEO; Tortoroli departs","bullets":["William Morachnick named CEO and non-independent director effective Sept 13, 2023, replacing Jacques Tortoroli.","Morachnick base salary $450k, relocation up to $25k, and 4.5M RSUs vesting over 3 years plus 500k immediately vested RSUs.","Tortoroli's departure is not due to any disagreement with accounting practices; Board accelerated his unvested RSUs.","Board rejected resignation offers from directors John Held, Thomas Lardieri, Alicia Morga, and Jacques Tortoroli under Majority Voting Policy.","Morachnick previously led SFRTI, a Reynolds American unit, through its $5B sale to Japan Tobacco in 2016."],"urls":{"canonical":"https://secwatch.observer/filing/0001279569-23-001174","json":"https://secwatch.observer/filing/0001279569-23-001174.json","markdown":"https://secwatch.observer/filing/0001279569-23-001174.md","text":"https://secwatch.observer/filing/0001279569-23-001174.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1750155/000127956923001174/0001279569-23-001174-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1750155/000127956923001174/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T19:14:10.755041+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4ead902cf1","claim":"William Morachnick was appointed as Chief Executive Officer at Charlotte's Web Holdings, Inc..","evidence_excerpt":"On September 13, 2023, Charlotte’s Web Holdings, Inc. (the “Company”) announced the appointment of William Morachnick, age 59, as the Company’s Chief Executive Officer effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750155/000127956923001174/0001279569-23-001174-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"8e0ac5b661","claim":"William Morachnick was appointed as Non-independent Director at Charlotte's Web Holdings, Inc..","evidence_excerpt":"Along with assuming the role of Chief Executive Officer, Mr. Morachnick will be appointed as a non-independent director for the Board of Directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750155/000127956923001174/0001279569-23-001174-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Non-independent Director"}],"fact_type":"executive_change"},{"claim_id":"9d95ff1bd1","claim":"Jacques Tortoroli departed as Chief Executive Officer at Charlotte's Web Holdings, Inc..","evidence_excerpt":"Mr. Morachnick will replace the Company’s Chief Executive Officer, Jacques Tortoroli, who will depart the Company effective September 13, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1750155/000127956923001174/0001279569-23-001174-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}