---
schema_version: "secwatch.filing_event.v1"
accession: "0001510964-21-000087"
form_type: "8-K"
ticker: "CVSI"
cik: "0001510964"
company_name: "CV Sciences, Inc."
filed_at: "2021-12-21T23:59:59+00:00"
generated_at: "2026-06-27T23:18:34.932852+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# CV Sciences enters new employment agreement with CFO Joerg Grasser; base salary $350K with deferred comp

## Summary
- Term through Dec 26, 2024; Base salary $350K, reduced to $235K plus deferred comp accrual.
- Annual bonus target 20% of base salary, discretionary by Board.
- Change-of-control bonus: lump sum 2x $350K ($700K).
- Severance: without cause or good reason, continuation of salary & benefits through term (min 1 yr); equity vesting accelerates.
- Cause or voluntary termination: only unpaid deferred comp and salary through date; no severance; unvested equity forfeited.

## SEC filing metadata
- accession: 0001510964-21-000087
- form_type: 8-K
- ticker: CVSI
- cik: 0001510964
- company_name: CV Sciences, Inc.
- filed_at: 2021-12-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1510964/000151096421000087/0001510964-21-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1510964/000151096421000087/cvsi-20211217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001510964-21-000087
- JSON: https://secwatch.observer/filing/0001510964-21-000087.json
- Plain text: https://secwatch.observer/filing/0001510964-21-000087.txt

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