MedMen appoints new CEO Ellen Deutsch and CFO Amit Pandey; Ed Record stays on board

MedMen Enterprises, Inc.

Ellen Deutsch (ex-Acreage/Stem/Hain) named CEO effective July 5, 2023; replaces interim CEO Edward Record, who remains non-executive director.
Amit Pandey (ex-Clever Leaves/PayCommerce) appointed CFO effective July 24, 2023; Ed Record serves as principal financial officer during transition.
CEO base salary $416k/year plus weekly share compensation ($4k) and options ($6k) tied to performance metrics.
CFO base salary $300k/year, sign-on RSUs worth $300k, and weekly option grants ($3k) with performance-based vesting.
Board expanded to six members; company notes Record's tenure returned MedMen to positive Adjusted EBITDA.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Ellen Beth Harrison

Chief Executive Officer

MedMen Enterprises, Inc.

Effective: 2023-07-05
Filed: July 11, 2023, 7:59 PM ET

the appointment of Ellen Beth Harrison (a.k.a. Ellen Deutsch) to serve as the Company's Chief Executive Officer, effective immediately.

Role change

Edward Record

Non-Executive Director

MedMen Enterprises, Inc.

Effective: 2023-07-05
Successor: Ellen Beth Harrison
Filed: July 11, 2023, 7:59 PM ET

Edward Record, who stepped down from the role of Interim Chief Executive Officer but will continue as a non-executive member of the board of directors

Appointed

Amit Pandey

Chief Financial Officer

MedMen Enterprises, Inc.

Effective: 2023-07-24
Filed: July 11, 2023, 7:59 PM ET

the appointment of Amit Pandey as the Company's Chief Financial Officer, effective July 24, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ellen Beth Harrison was appointed as Chief Executive Officer at MedMen Enterprises, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the appointment of Ellen Beth Harrison (a.k.a. Ellen Deutsch) to serve as the Company's Chief Executive Officer, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Edward Record changed role as Non-Executive Director at MedMen Enterprises, Inc..

Action: stepped down
Role: Non-Executive Director

Exact text from the filing

Edward Record, who stepped down from the role of Interim Chief Executive Officer but will continue as a non-executive member of the board of directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Amit Pandey was appointed as Chief Financial Officer at MedMen Enterprises, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

the appointment of Amit Pandey as the Company's Chief Financial Officer, effective July 24, 2023.

View on SEC.gov

Source: SEC EDGAR

accession 0001829126-23-004622

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