---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-016534"
form_type: "8-K"
ticker: "MRMD"
cik: "0001522767"
company_name: "MARIMED INC."
filed_at: "2021-07-09T23:59:59+00:00"
generated_at: "2026-06-30T06:22:01.480507+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MariMed signs 3-year employment deals for CEO, CFO, COO with base salaries and option grants

## Summary
- CEO Robert Fireman, CFO Jon Levine, COO Timothy Shaw each entered new 3-year employment agreements effective July 1, 2021.
- CEO base salary $350k, CFO $325k, COO $300k; each eligible for annual bonus target 75% of base salary.
- CEO granted options for 5M shares vesting 50% now and 50% in 1 year; additional 5M upon stockholder approval.
- COO Timothy Shaw granted options for 1.25M shares on same vesting schedule; CFO Levine terms same as CEO except salary.
- Severance on without-cause/good-reason termination: lump sum = greater of $500k or 100% of annualized pay.

## SEC filing metadata
- accession: 0001493152-21-016534
- form_type: 8-K
- ticker: MRMD
- cik: 0001522767
- company_name: MARIMED INC.
- filed_at: 2021-07-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- 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/1522767/000149315221016534/0001493152-21-016534-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1522767/000149315221016534/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-016534
- JSON: https://secwatch.observer/filing/0001493152-21-016534.json
- Plain text: https://secwatch.observer/filing/0001493152-21-016534.txt

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