secwatch.observer — SEC 8-K summary
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Issuer:     Ascend Wellness Holdings, Inc. (AAWH)
CIK:        0001756390
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001756390-24-000001
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Ascend Wellness transitions Chairman Kurtin and EVP Perullo; separation payments total $5.78M
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- Abner Kurtin retains Executive Chairman role with $200k salary; $150k RSU; no bonus or severance.
- Kurtin receives $3.3M termination payment and accelerated vesting of ~1.8M equity awards.
- Francis Perullo moves to EVP Corporate Affairs with $450k salary, up to 100% bonus, LTIP from FY2025.
- Perullo gets $2.475M separation payment and accelerated vesting of ~1.28M options/RSUs.
- Both agreements are at-will; Perullo's includes severance; Kurtin's is one-year term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756390/000175639024000001/0001756390-24-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756390/000175639024000001/aawh-20240326.htm
  HTML page:      https://secwatch.observer/filing/0001756390-24-000001

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