secwatch.observer — SEC 8-K summary
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Issuer:     GrowGeneration Corp. (GRWG)
CIK:        0001604868
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001628280-23-022750
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GrowGeneration enters new employment agreement with CFO Gregory Sanders
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- Base salary of $325,000 with automatic 10% annual increases each August 16.
- Annual performance cash bonus target of 50% of base salary, max 100%.
- Grant of 180,000 RSUs vesting in equal installments over three years.
- Three months' severance (salary + target bonus + benefits) if terminated without Cause.
- New agreement supersedes the August 2022 employment agreement and its 90,000 RSU grant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604868/000162828023022750/0001628280-23-022750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604868/000162828023022750/grwg-20230615.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-022750

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