---
schema_version: "secwatch.filing_event.v1"
accession: "0001471727-23-000008"
form_type: "8-K"
ticker: "SRXH"
cik: "0001471727"
company_name: "SRx Health Solutions, Inc."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T14:56:25.310304+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Better Choice cuts 25% of workforce, eliminates COO role, expects $2.2M annual savings

## Summary
- COO Robert Sauermann resigns effective March 17, 2023; no disagreement with operations.
- Workforce reduction of approximately 25% of current employees.
- Expected annual cost savings of ~$2.2 million from the streamlining.
- Interim CEO Lionel Conacher cites market weakness as reason for the reduction.
- Further details to be provided with Q4 and full year 2022 financial results.

## SEC filing metadata
- accession: 0001471727-23-000008
- form_type: 8-K
- ticker: SRXH
- cik: 0001471727
- company_name: SRx Health Solutions, Inc.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471727/000147172723000008/0001471727-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471727/000147172723000008/bttr-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001471727-23-000008
- JSON: https://secwatch.observer/filing/0001471727-23-000008.json
- Plain text: https://secwatch.observer/filing/0001471727-23-000008.txt

## Key facts
- Executive change
  Robert Sauermann resigned as Chief Operating Officer at SRx Health Solutions, Inc..
  - Action: resigned
  - Role: Chief Operating Officer
  source text: On March 2, 2023, Better Choice Company Inc. (the "Company") announced that Robert Sauermann, age 31, informed the Company of his intention to resign from his position as Chief Operating Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1471727/000147172723000008/0001471727-23-000008-index.htm

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