secwatch.observer — SEC 8-K summary
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Issuer:     GrowGeneration Corp. (GRWG)
CIK:        0001604868
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0001628280-22-024165
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GrowGeneration enters new employment agreements with CEO and President effective Jan 1, 2023
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- CEO Darren Lampert and President Michael Salaman each sign new 2-year employment agreements starting Jan 1, 2023.
- Each executive receives $500,000 base salary; target annual bonus of 50% of base, max 100%.
- Each granted 100,000 RSUs vesting in equal installments over two years on June 15 and Dec 15.
- Three months severance (base + target bonus + benefits) if terminated without cause.
- Agreements replace prior March 2020 executive agreements which will not auto-renew.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604868/000162828022024165/0001628280-22-024165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604868/000162828022024165/grwg-20220901.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-024165

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer