---
schema_version: "secwatch.filing_event.v1"
accession: "0001656472-22-000065"
form_type: "8-K"
ticker: "CRON"
cik: "0001656472"
company_name: "Cronos Group Inc."
filed_at: "2022-03-21T23:59:59+00:00"
generated_at: "2026-06-26T21:25:15.821612+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cronos Group founder Mike Gorenstein returns as CEO, replaces retiring Kurt Schmidt

## Summary
- Gorenstein appointed President and CEO effective March 21, 2022; continues as Chairman.
- Kurt Schmidt retired as President and CEO, will assist transition through April 6, 2022.
- Gorenstein receives $775k base salary, 150% target bonus, and 3M RSUs vesting in 3 years.
- Gorenstein's prior-year bonuses contingent on conclusion of SEC investigation without penalty.
- Schmidt gets $520k lump sum plus benefits; $675k bonus tied to SEC investigation outcome.

## SEC filing metadata
- accession: 0001656472-22-000065
- form_type: 8-K
- ticker: CRON
- cik: 0001656472
- company_name: Cronos Group Inc.
- filed_at: 2022-03-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1656472/000165647222000065/0001656472-22-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1656472/000165647222000065/cron-20220321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001656472-22-000065
- JSON: https://secwatch.observer/filing/0001656472-22-000065.json
- Plain text: https://secwatch.observer/filing/0001656472-22-000065.txt

## Key facts
- Executive change
  Kurt Schmidt retired as President and Chief Executive Officer at Cronos Group Inc..
  - Action: retired
  - Role: President and Chief Executive Officer
  source text: Kurt Schmidt retired from the positions of President and Chief Executive Officer of Cronos Group.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1656472/000165647222000065/0001656472-22-000065-index.htm
- Executive change
  Michael Gorenstein was appointed as President and Chief Executive Officer at Cronos Group Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: appointed Michael Gorenstein as President and Chief Executive Officer of Cronos Group, effective as of March 21, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1656472/000165647222000065/0001656472-22-000065-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.