---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-004830"
form_type: "8-K"
ticker: "ZSTK"
cik: "0001790169"
company_name: "ZeroStack Corp."
filed_at: "2023-06-27T23:59:59+00:00"
generated_at: "2026-06-13T16:26:49.683253+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flora Growth appoints new CEO and CFO after multiple executive resignations; regains Nasdaq compliance

## Summary
- CEO Hussein Rakine resigned June 25, 2023; remains on board; forfeits 82,100 restricted shares.
- CFO Elshad Garayev resigned but stays as advisor for one month in exchange for one month salary.
- CMO Jessie Casner and CCO Jason Warnock resigned; unvested shares forfeited.
- Board appoints Clifford Starke as CEO (base fee $320k) and Dany Vaiman as CFO (base salary $210k).
- Regained compliance with Nasdaq minimum bid price requirement as of June 26, 2023.

## SEC filing metadata
- accession: 0001477932-23-004830
- form_type: 8-K
- ticker: ZSTK
- cik: 0001790169
- company_name: ZeroStack Corp.
- filed_at: 2023-06-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1790169/000147793223004830/0001477932-23-004830-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1790169/000147793223004830/flora_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-004830
- JSON: https://secwatch.observer/filing/0001477932-23-004830.json
- Plain text: https://secwatch.observer/filing/0001477932-23-004830.txt

## Key facts
- Executive change
  Elshad Garayev resigned as Chief Financial Officer at ZeroStack Corp..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On June 25, 2023, Elshad Garayev tendered his resignation as the Chief Financial Officer (principal financial and accounting officer) of the Company, with such resignation becoming effective on such date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1790169/000147793223004830/0001477932-23-004830-index.htm
- Executive change
  Hussein Rakine resigned as Chief Executive Officer at ZeroStack Corp..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On June 21, 2023, Hussein Rakine tendered his resignation as the Chief Executive Officer (principal executive officer) of Flora Growth Corp., a corporation organized under the laws of the Province of Ontario (“ Flora ” or the Company ”), with such resignation becoming effective June 25, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1790169/000147793223004830/0001477932-23-004830-index.htm
- Executive change
  Jason Warnock resigned as Chief Commercial Officer at ZeroStack Corp..
  - Action: resigned
  - Role: Chief Commercial Officer
  source text: On June 25, 2023, Jason Warnock tendered his resignation as the Chief Commercial Officer of the Company, with such resignation becoming effective on June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1790169/000147793223004830/0001477932-23-004830-index.htm
- Executive change
  Jessie Casner resigned as Chief Marketing Officer at ZeroStack Corp..
  - Action: resigned
  - Role: Chief Marketing Officer
  source text: On June 25, 2023, Jessie Casner tendered her resignation as the Chief Marketing Officer of the Company, with such resignation becoming effective on June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1790169/000147793223004830/0001477932-23-004830-index.htm

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