secwatch.observer — SEC 8-K summary
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Issuer:     GrowGeneration Corp. (GRWG)
CIK:        0001604868
Form:       8-K
Filed at:   2024-09-30T23:59:59+00:00
Accession:  0001628280-24-041588
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

GrowGeneration enters new 2-year employment agreements with CEO and President
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- CEO Darren Lampert and President Michael Salaman each get $500,000 annual base salary.
- Target annual bonus of 50% of base salary (max 100%) for both executives.
- Each receives 200,000 RSUs vesting semi-annually over the two-year term.
- Six months severance (base + target bonus + benefits) if terminated without cause.
- New agreements effective January 1, 2025, replacing existing pacts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604868/000162828024041588/0001628280-24-041588-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604868/000162828024041588/grwg-20240930.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-041588

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