secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2026-05-15T21:18:12+00:00
Accession:  0001437749-26-017439
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774926017439/0001437749-26-017439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774926017439/plnh20260511_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-017439

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer