Ascend Wellness replaces CEO and CFO; appoints Samuel Brill as CEO, Roman Nemchenko as CFO

Ascend Wellness Holdings, Inc.

John Hartmann removed as CEO effective Aug 26, 2024; Samuel Brill (formerly Lead Independent Director) appointed CEO.
Mark Cassebaum terminated as CFO; Roman Nemchenko (formerly CAO) appointed CFO effective immediately.
Frank Perullo appointed President; co-founder with prior roles including interim Co-CEO and EVP Corporate Affairs.
Brill receives $550k base salary, 5M RSUs; Nemchenko receives $450k base, $175k guaranteed FY2024 bonus, 350k RSUs.
Company cites need to address 'recent performance challenges' and realign strategy with new leadership team.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Samuel Brill

Lead Independent Director

AAWH · Ascend Wellness Holdings, Inc.

Effective: 2024-08-26
Filed: August 28, 2024, 7:59 PM ET

the Board appointed Samuel Brill as Chief Executive Officer of the Company and removed him as Lead Independent Director of the Board

Departed

John Hartmann

Chief Executive Officer

AAWH · Ascend Wellness Holdings, Inc.

Effective: 2024-08-26
Successor: Samuel Brill
Filed: August 28, 2024, 7:59 PM ET

John Hartmann no longer serves as Chief Executive Officer of the Company.

Appointed

Samuel Brill

Chief Executive Officer

AAWH · Ascend Wellness Holdings, Inc.

Effective: 2024-08-26
Filed: August 28, 2024, 7:59 PM ET

the Board appointed Samuel Brill as Chief Executive Officer of the Company and removed him as Lead Independent Director of the Board, while maintaining his appointment as director of the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Samuel Brill was removed as Lead Independent Director at Ascend Wellness Holdings, Inc..

Action: removed
Role: Lead Independent Director

Exact text from the filing

the Board appointed Samuel Brill as Chief Executive Officer of the Company and removed him as Lead Independent Director of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Hartmann departed as Chief Executive Officer at Ascend Wellness Holdings, Inc..

Action: no longer serves
Role: Chief Executive Officer

Exact text from the filing

John Hartmann no longer serves as Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Samuel Brill was appointed as Chief Executive Officer at Ascend Wellness Holdings, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board appointed Samuel Brill as Chief Executive Officer of the Company and removed him as Lead Independent Director of the Board, while maintaining his appointment as director of the Company, effective immediately.

View on SEC.gov

Ascend Wellness Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-038714

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.