secwatch.observer — SEC 8-K summary
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Issuer:     MedMen Enterprises, Inc. (—)
CIK:        0001776932
Form:       8-K
Filed at:   2023-07-11T23:59:59+00:00
Accession:  0001829126-23-004622
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776932/000182912623004622/0001829126-23-004622-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776932/000182912623004622/medmenenter_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-004622

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