Jushi Holdings Inc. Reports Board and Officer Changes

TL;DR

Jushi Holdings Inc. shook up its board and exec pay structure on Jan 6th.

AI Summary

Jushi Holdings Inc. announced on January 6, 2025, a change in its board of directors and executive compensation arrangements. Specifically, the company reported the departure of directors and the election of new directors, alongside updates to the compensatory arrangements for certain officers.

Why It Matters

Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and stock performance.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect future performance and strategy.

Key Numbers

• 000-56468 — Commission File Number (Identifies the company's filing history with the SEC.)
• 98-1547061 — I.R.S. Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• Jushi Holdings Inc. (company) — Registrant
• January 6, 2025 (date) — Date of earliest event reported
• British Columbia (jurisdiction) — State or other jurisdiction of incorporation or organization
• 301 Yamato Road, Suite 3250 Boca Raton, FL 33431 (address) — Principal executive offices
• 561-617-9100 (phone_number) — Registrant's telephone number

FAQ

Filing Documents

• jush-20250106.htm (8-K) — 23KB
• 0001628280-25-000958.txt ( ) — 138KB
• jush-20250106.xsd (EX-101.SCH) — 2KB
• jush-20250106_lab.xml (EX-101.LAB) — 20KB
• jush-20250106_pre.xml (EX-101.PRE) — 12KB
• jush-20250106_htm.xml (XML) — 3KB

From the Filing

jush-20250106 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 8-K ___________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 January 6, 2025 Date of Report (date of earliest event reported) ___________________________________ JUSHI HOLDINGS INC. (Exact name of registrant as specified in its charter) ___________________________________ British Columbia (State or other jurisdiction of incorporation or organization) 000-56468 (Commission File Number) 98-1547061 (I.R.S. Employer Identification Number) 301 Yamato Road, Suite 3250 Boca Raton , FL 33431 (Address of principal executive offices and zip code) ( 561 ) 617-9100 (Registrant's telephone number, including area code) ___________________________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered None N/A N/A Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 6, 2025, Todd West was terminated as an employee and Chief Operating Officer of Jushi Holdings, Inc. (the "Company") and from any other position at any subsidiary of the Company to which he has been appointed. The Company provided Mr. West with notice that his employment was terminated for cause pursuant to his employment agreement, dated April 12, 2024. Mr. West will not receive any salary or benefits from the Company except those earned through January 6, 2025. Mr. West has asserted that his termination was not for cause and that he is owed all salary and benefits provided for in his employment agreement. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JUSHI HOLDINGS INC. Date: January 8, 2025 By: /s/ Jon Barack Jon Barack President and Chief Revenue Officer

View Full Filing

View this 8-K filing on SEC EDGAR