Cronos Group finalizes CFO Robert Madore's separation terms; $450k lump sum, accelerated equity vesting

Cronos Group Inc.

Lump sum payment of $450,000 (one year salary) plus $18,356.61 for benefits premium.
Pro-rated 2022 bonus: individual performance component $123,750, business component per STIC Program formula.
Accelerated vesting of 450,000 stock options and 37,500 RSUs; options exercisable until June 14, 2023.
Ongoing non-disparagement, confidentiality, and non-competition covenants reaffirmed in separation agreement.

item 5.02 item 9.01

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Departed

Robert Madore

Chief Financial Officer

CRON · Cronos Group Inc.

Effective: 2022-11-14
Filed: February 13, 2023, 6:59 PM ET

As previously disclosed, effective as of November 14, 2022, Robert Madore ceased to serve as Chief Financial Officer of Cronos Group Inc.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Robert Madore departed as Chief Financial Officer at Cronos Group Inc..

Action: ceased to serve
Role: Chief Financial Officer

Exact text from the filing

As previously disclosed, effective as of November 14, 2022, Robert Madore ceased to serve as Chief Financial Officer of Cronos Group Inc.

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Cronos Group Inc. filing history →

Source: SEC EDGAR

accession 0001656472-23-000008

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