---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-006856"
form_type: "8-K"
ticker: "AFCG"
cik: "0001822523"
company_name: "Advanced Flower Capital Inc."
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:11:17.755418+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AFC Gamma names Daniel Neville CEO; Tannenbaum becomes Executive Chairman and CIO

## Summary
- Daniel Neville appointed CEO effective Nov 13, 2023, succeeding Leonard Tannenbaum.
- Tannenbaum transitions to Executive Chairman and Chief Investment Officer, same effective date.
- Neville's base salary $625,000; eligible for annual bonus up to $400,000 and equity grants.
- Neville receives Sign-On Grant of $750,000 in restricted stock vesting over 3 years, plus 20% of increase in Adjusted Capital.
- Neville previously served as CFO of Ascend Wellness Holdings, a multi-state cannabis operator.

## SEC filing metadata
- accession: 0001829126-23-006856
- form_type: 8-K
- ticker: AFCG
- cik: 0001822523
- company_name: Advanced Flower Capital Inc.
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822523/000182912623006856/0001829126-23-006856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822523/000182912623006856/afcgammainc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-006856
- JSON: https://secwatch.observer/filing/0001829126-23-006856.json
- Plain text: https://secwatch.observer/filing/0001829126-23-006856.txt

## Key facts
- Executive change
  Leonard M. Tannenbaum was appointed as Executive Chairman and Chief Investment Officer at Advanced Flower Capital Inc..
  - Action: appointed
  - Role: Executive Chairman and Chief Investment Officer
  source text: On October 26, 2023, Mr. Tannenbaum was appointed by the Board of Directors (the “Board”) of the Company as the Executive Chairman of the Board and the Company’s Chief Investment Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182912623006856/0001829126-23-006856-index.htm
- Executive change
  Daniel Neville was appointed as Chief Executive Officer at Advanced Flower Capital Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On October 26, 2023, the Board appointed Daniel Neville as the Chief Executive Officer of the Company and a member of its Investment Committee, effective as of November 13, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822523/000182912623006856/0001829126-23-006856-index.htm

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