secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001477932-24-000418
Event type: leadership
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden CFO Michael James retires; interim CFO appointed; bylaws amended
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- CFO Michael James retired Jan 25, 2024; separation agreement provides $300k salary continuation over 12 months, up to $300k milestone payments, and $25k restricted stock award.
- Kostas Dafoulas appointed interim CFO; he remains Head of Advisory at CapConnect, compensated at $300/hr via consulting agreement.
- Bylaws amended to reduce stockholder quorum from majority to one-third; vote requirement changed to majority of votes cast for non-director matters.
- Company entered indemnification agreements with all directors and executive officers, covering Losses to fullest extent under Delaware law.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224000418/0001477932-24-000418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224000418/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000418

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