secwatch.observer — SEC 8-K summary
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Issuer:     Ascend Wellness Holdings, Inc. (AAWH)
CIK:        0001756390
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001628280-24-038714
Event type: leadership
Sentiment:  negative
Materiality: 0.85
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756390/000162828024038714/0001628280-24-038714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756390/000162828024038714/aawh-20240826.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-038714

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