Trulieve Cannabis Corp. Announces Board and Executive Changes
Ticker: TCNNF · Form: 8-K · Filed: Jun 13, 2024 · CIK: 1754195
| Field | Detail |
|---|---|
| Company | Trulieve Cannabis Corp. (TCNNF) |
| Form Type | 8-K |
| Filed Date | Jun 13, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
Related Tickers: TCNNF
TL;DR
Trulieve board shakeup and exec comp changes effective June 12. Watch for new strategy.
AI Summary
Trulieve Cannabis Corp. announced on June 12, 2024, changes in its board of directors and executive compensation arrangements. The company filed an 8-K report detailing the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements. These changes are effective as of June 12, 2024.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect future business operations and financial performance.
Key Players & Entities
- Trulieve Cannabis Corp. (company) — Registrant
- June 12, 2024 (date) — Effective date of reported events
FAQ
What specific roles have seen departures or appointments within Trulieve's board and executive team?
The filing indicates the departure of certain officers and directors and the election of new directors, along with updates to compensatory arrangements for certain officers, effective June 12, 2024. Specific names and roles are detailed within the full filing.
What is the effective date for these reported changes?
The earliest event reported is effective as of June 12, 2024.
What type of SEC filing is this and what items does it cover?
This is a Form 8-K, reporting on the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, submission of matters to a vote of security holders, and financial statements and exhibits.
Where is Trulieve Cannabis Corp. headquartered?
Trulieve Cannabis Corp.'s principal executive offices are located at 6749 Ben Bostic Road, Quincy, FL 32351.
What is Trulieve Cannabis Corp.'s IRS Employer Identification Number?
Trulieve Cannabis Corp.'s IRS Employer Identification Number is 84-2231905.
Filing Stats: 954 words · 4 min read · ~3 pages · Grade level 11.9 · Accepted 2024-06-13 16:13:42
Filing Documents
- tcnnf-20240612.htm (8-K) — 55KB
- secondamendedandrestatedtr.htm (EX-10.1) — 229KB
- 0001628280-24-028047.txt ( ) — 432KB
- tcnnf-20240612.xsd (EX-101.SCH) — 2KB
- tcnnf-20240612_lab.xml (EX-101.LAB) — 19KB
- tcnnf-20240612_pre.xml (EX-101.PRE) — 11KB
- tcnnf-20240612_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. The following are the voting results for the proposals considered and voted upon at the Meeting, each of which is described in detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 29, 2024. Proposal No. 1: To set the number of directors of the Company at seven (7). The shareholders voted and approved to set the number of directors of the Company at seven (7). Votes For Votes Against Abstain 106,639,367 3,073,437 1,924,726 Proposal No. 2: To elect seven directors as directors of the Company for the forthcoming year. The shareholders voted to elect the following individuals as directors of the Company until the next annual meeting of shareholders at which election of directors is considered, or until his or her successor is duly elected or appointed: Name of Director Nominee Votes For Votes Withheld Broker Non-Votes Thad Beshears 57,733,640 2,889,410 51,014,480 Peter Healy 54,939,946 5,683,104 51,014,480 Richard May 56,311,572 4,311,478 51,014,480 Thomas Millner 54,929,626 5,693,424 51,014,480 Jane Morreau 54,941,401 5,681,649 51,014,480 Kim Rivers 52,698,419 7,924,631 51,014,480 Susan Thronson 54,966,263 5,656,787 51,014,480 Proposal No. 3: To conduct a non-binding advisory vote on the compensation of the Company's named executive officers. The shareholders approved the compensation paid to the Company's named executive officers for the fiscal year ending December 31, 2023. Votes For Votes Against Abstain Broker Non-Votes 50,916,204 7,899,228 1,807,618 51,014,480 Proposal No. 4: To approve the second amendment and restatement of the Company's 2021 Omnibus Incentive Plan. The shareholders approved the second amendment and restatement of the Company's 2021 Omnibus Incentive Plan. Votes For Votes Against Abstain Broker Non-Votes 52,154,457 5,868,014 2,600,579 51,014,480 Proposal No. 5: To ratify the selection by the
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 10.1 Second Amended and Restated Trulieve Cannabis Corp. 2021 Omnibus Incentive Plan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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. Trulieve Cannabis Corp. By: /s/ Eric Powers Name: Eric Powers Title: Chief Legal Officer Date: June 13, 2024