secwatch.observer — SEC 8-K summary
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Issuer:     MARIMED INC. (MRMD)
CIK:        0001522767
Form:       8-K
Filed at:   2021-07-09T23:59:59+00:00
Accession:  0001493152-21-016534
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522767/000149315221016534/0001493152-21-016534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522767/000149315221016534/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-016534

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