secwatch.observer — SEC 8-K summary
======================================

Issuer:     Advanced Flower Capital Inc. (AFCG)
CIK:        0001822523
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0001829126-23-002149
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822523/000182912623002149/0001829126-23-002149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822523/000182912623002149/afcgammainc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-002149

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