---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-018784"
form_type: "8-K"
ticker: "ENVB"
cik: "0000890821"
company_name: "Enveric Biosciences, Inc."
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:53:06.793483+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Enveric Biosciences cuts 35% of workforce, eliminates President/COO role

## Summary
- Announced ~35% reduction in force on May 15, 2023.
- Eliminated President and COO positions; Avani Kanubaddi terminated effective June 17, 2023.
- Severance includes 12 months base salary continuation and acceleration of unvested RSUs.
- Performance bonus for 2023 may be paid if metrics achieved.

## SEC filing metadata
- accession: 0001493152-23-018784
- form_type: 8-K
- ticker: ENVB
- cik: 0000890821
- company_name: Enveric Biosciences, Inc.
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890821/000149315223018784/0001493152-23-018784-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890821/000149315223018784/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-018784
- JSON: https://secwatch.observer/filing/0001493152-23-018784.json
- Plain text: https://secwatch.observer/filing/0001493152-23-018784.txt

## Key facts
- Executive change
  Avani Kanubaddi was terminated as President and Chief Operating Officer at Enveric Biosciences, Inc..
  - Action: terminated
  - Role: President and Chief Operating Officer
  source text: the Company terminated the employment contract of Mr. Kanubaddi without Cause (as defined in the Employment Agreement), the President and Chief Operating Officer of the Company, to be effective June 17, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/890821/000149315223018784/0001493152-23-018784-index.htm

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