Charlotte's Web extends MLB deal to 2027 ($23M fee), adds ex-Ben & Jerry's CEO to board

Charlotte's Web Holdings, Inc.

MLB partnership extended to Dec 31, 2027 with aggregate rights fee of $23M for the remainder of the term.
MLB holds approximately 4% of Charlotte's Web outstanding common shares as of the amendment date.
Susan Vogt retired from the board; Matthew McCarthy appointed effective Feb 6, 2024 to Audit and Compensation Committees.
McCarthy was CEO of Ben & Jerry's from July 2018 to April 2023; prior 26-year career at Unilever.

item 1.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Matthew McCarthy

Director

CWBHF · Charlotte's Web Holdings, Inc.

Effective: 2024-02-06
Filed: February 7, 2024, 6:59 PM ET

Effective February 6, 2024 (the “Effective Date”), the Board of Directors of the Company, appointed Matthew McCarthy to the Company’s Board of Directors

Departed

Susan Vogt

Director

CWBHF · Charlotte's Web Holdings, Inc.

Effective: 2024-02-06
Successor: Matthew McCarthy
Filed: February 7, 2024, 6:59 PM ET

who notified the Company and the board of directors of her immediate retirement from the board of directors

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew McCarthy was appointed as Director at Charlotte's Web Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

Effective February 6, 2024 (the “Effective Date”), the Board of Directors of the Company, appointed Matthew McCarthy to the Company’s Board of Directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Susan Vogt retired as Director at Charlotte's Web Holdings, Inc..

Action: retired
Role: Director

Exact text from the filing

who notified the Company and the board of directors of her immediate retirement from the board of directors

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Charlotte's Web Holdings, Inc. amended Amendment with MLB valued at $23 million (effective 2024-02-05).

Action: amendment
Counterparty: MLB
Value: $23 million
Effective: 2024-02-05

Exact text from the filing

On February 5, 2024, the Company and MLB entered into an amendment to the MLB Promotional Rights Agreement (the “Amendment”), whereby the term of the MLB Promotional Rights Agreement was extended through December 31, 2027, with an aggregate rights fee of $23 million for the remainder of the term.

View on SEC.gov

283 material agreements filed in the last 30 days. Browse all material agreements →

Charlotte's Web Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001279569-24-000109

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