---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-002149"
form_type: "8-K"
ticker: "AFCG"
cik: "0001822523"
company_name: "Advanced Flower Capital Inc."
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T23:08:49.288323+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AFC Gamma names Brandon Hetzel CFO, Brett Kaufman to depart April 17

## Summary
- Brett Kaufman's employment as CFO/Treasurer terminates effective April 17, 2023; severance includes 12 months base salary, target bonus, COBRA, and accelerated vesting.
- Brandon Hetzel appointed CFO/Treasurer, effective March 17, 2023; previously EVP, Controller since December 2022.
- Hetzel's employment agreement: $250k base salary, target bonuses $75k (2023) and $112.5k (2024), and equity grants.
- Transition described as part of 'rightsizing the accounting team' per press release.

## SEC filing metadata
- accession: 0001829126-23-002149
- form_type: 8-K
- ticker: AFCG
- cik: 0001822523
- company_name: Advanced Flower Capital Inc.
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822523/000182912623002149/0001829126-23-002149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822523/000182912623002149/afcgammainc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-002149
- JSON: https://secwatch.observer/filing/0001829126-23-002149.json
- Plain text: https://secwatch.observer/filing/0001829126-23-002149.txt

## Key facts
- Executive change
  Brandon Hetzel was appointed as Chief Financial Officer and Treasurer at Advanced Flower Capital Inc..
  - Action: appointed
  - Role: Chief Financial Officer and Treasurer
  source text: On March 17, 2023, the Company’s Board of Directors (the “Board”) appointed Brandon Hetzel as the Chief Financial Officer and Treasurer of the Company, effective on such date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182912623002149/0001829126-23-002149-index.htm
- Executive change
  Brett Kaufman was terminated as Chief Financial Officer and Treasurer at Advanced Flower Capital Inc..
  - Action: terminated
  - Role: Chief Financial Officer and Treasurer
  source text: Brett Kaufman’s employment as the Chief Financial Officer and Treasurer of AFC Gamma, Inc. (the “Company”) will terminate effective April 17, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182912623002149/0001829126-23-002149-index.htm

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