---
schema_version: "secwatch.filing_event.v1"
accession: "0001279569-24-000109"
form_type: "8-K"
ticker: "CWBHF"
cik: "0001750155"
company_name: "Charlotte's Web Holdings, Inc."
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T07:08:38.819984+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001279569-24-000109
- form_type: 8-K
- ticker: CWBHF
- cik: 0001750155
- company_name: Charlotte's Web Holdings, Inc.
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750155/000127956924000109/0001279569-24-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750155/000127956924000109/charlotte8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001279569-24-000109
- JSON: https://secwatch.observer/filing/0001279569-24-000109.json
- Plain text: https://secwatch.observer/filing/0001279569-24-000109.txt

## Key facts
- Executive change
  Matthew McCarthy was appointed as Director at Charlotte's Web Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: Effective February 6, 2024 (the “Effective Date”), the Board of Directors of the Company, appointed Matthew McCarthy to the Company’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000127956924000109/0001279569-24-000109-index.htm
- Executive change
  Susan Vogt retired as Director at Charlotte's Web Holdings, Inc..
  - Action: retired
  - Role: Director
  source text: who notified the Company and the board of directors of her immediate retirement from the board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000127956924000109/0001279569-24-000109-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000127956924000109/0001279569-24-000109-index.htm

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