secwatch.observer — SEC 8-K summary
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Issuer:     Greenlane Holdings, Inc. (GNLN)
CIK:        0001743745
Form:       8-K
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0001743745-23-000005
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743745/000174374523000005/0001743745-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743745/000174374523000005/gnln-20230101.htm
  HTML page:      https://secwatch.observer/filing/0001743745-23-000005

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