Greenlane Holdings enters new CEO employment agreement with Craig Snyder; $350K salary, 70% bonus target

Greenlane Holdings, Inc.

Craig Snyder appointed CEO under two-year term starting Jan 1, 2023; automatically renews annually unless 60-day notice given.
Base salary of $350,000, subject to annual review; eligible for annual bonus up to 70% of base based on performance goals.
On termination without cause: six months' base salary severance, COBRA coverage for six months, and outplacement up to $20,000.
Cause defined includes felony conviction, willful misconduct, failure to perform duties, or aiding a competitor; 15-day cure for certain clauses.
Equity awards may be granted under the 2019 Equity Incentive Plan; change-in-control triggers full vesting of annual equity awards.

item 5.02 item 9.01

Executive movements

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Role change

Craig Snyder

Chief Executive Officer

GNLN · Greenlane Holdings, Inc.

Effective: 2023-01-01
Filed: January 6, 2023, 6:59 PM ET

On January 1, 2023, in connection with the previously disclosed transition of Craig Snyder from President to Chief Executive Officer of Greenlane Holdings, Inc. (the “Company”), a wholly-owned subsidiary of the Company entered into a further amended and restated employment agreement (the “Amended Employment Agreement”) with Mr. Snyder.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Craig Snyder changed role as Chief Executive Officer at Greenlane Holdings, Inc..

Action: promoted
Role: Chief Executive Officer

Exact text from the filing

On January 1, 2023, in connection with the previously disclosed transition of Craig Snyder from President to Chief Executive Officer of Greenlane Holdings, Inc. (the “Company”), a wholly-owned subsidiary of the Company entered into a further amended and restated employment agreement (the “Amended Employment Agreement”) with Mr. Snyder.

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Greenlane Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001743745-23-000005

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