---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-017439"
form_type: "8-K"
ticker: "PLNH"
cik: "0001813452"
company_name: "Planet 13 Holdings Inc."
filed_at: "2026-05-15T21:18:12+00:00"
generated_at: "2026-05-15T21:20:24.731579+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Planet 13 enters separation agreement with former CAO Lee Fraser; $275K cash, RSU vesting

## Summary
- Cash severance of $275,000 payable in 11 monthly installments of $25,000 each, starting after effective date.
- COBRA premiums and vehicle allowance ($1,264.17/month) paid through February 28, 2027.
- December 2025 RSU grant (333,000 units) vests on effective date; 2024 Performance RSU continues vesting through May 2028.
- No post-employment non-competition restrictions; confidentiality and non-disparagement covenants apply.
- Separation effective March 6, 2026; agreement signed April 27, 2026, filed on Form 8-K.

## SEC filing metadata
- accession: 0001437749-26-017439
- form_type: 8-K
- ticker: PLNH
- cik: 0001813452
- company_name: Planet 13 Holdings Inc.
- filed_at: 2026-05-15T21:18:12+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813452/000143774926017439/0001437749-26-017439-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813452/000143774926017439/plnh20260511_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-017439
- JSON: https://secwatch.observer/filing/0001437749-26-017439.json
- Plain text: https://secwatch.observer/filing/0001437749-26-017439.txt

## Key facts
- Executive change
  Lee Fraser resigned as Chief Administrative Officer at Planet 13 Holdings Inc..
  - Action: resigned
  - Role: Chief Administrative Officer
  source text: On April 27, 2026, Planet 13 Holdings Inc. (the "Company") entered into a separation agreement with the Company’s former Chief Administrative Officer, Lee Fraser (the "Separation Agreement").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813452/000143774926017439/0001437749-26-017439-index.htm

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