TILT Holdings Inc. Relocates HQ, Reports Officer/Director Changes

TL;DR

TILT Holdings moved its HQ to Phoenix, AZ, and made changes to its board and executive team.

AI Summary

TILT Holdings Inc. announced on September 29, 2024, a change in its principal executive offices to 2801 E. Camelback Road #180, Phoenix, Arizona 85016. The company also reported on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates significant corporate restructuring and potential shifts in leadership at TILT Holdings Inc., which could impact its operational strategy and financial performance.

Risk Assessment

Risk Level: medium — Changes in executive leadership and principal offices can signal strategic shifts or underlying operational challenges.

Key Players & Entities

• TILT Holdings Inc. (company) — Registrant
• September 29, 2024 (date) — Date of earliest event reported
• 2801 E. Camelback Road #180, Phoenix, Arizona 85016 (location) — New principal executive offices
• British Columbia (jurisdiction) — State or other jurisdiction of incorporation

FAQ

Key Financial Figures

• $70,000 — ard approved an annual cash retainer of $70,000 for all independent directors of the Co
• $20,000 — receive additional annual retainers of $20,000, $10,000, and $10,000, respectively and
• $10,000 — additional annual retainers of $20,000, $10,000, and $10,000, respectively and (ii) mem
• $7,500 — additional annual retainers of $10,000, $7,500, and $7,500, respectively. Directors ar
• $115,000 — all independent directors: an award of $115,000 in the form of non-qualified stock opti
• $0.03 — f the options with an exercise price of $0.03 . The number of non-qualified stock opt

Filing Documents

• tilt-20240929x8k.htm (8-K) — 42KB
• tilt-20240929xex99d1.htm (EX-99.1) — 16KB
• 0001558370-24-013129.txt ( ) — 172KB
• tilt-20240929.xsd (EX-101.SCH) — 3KB
• tilt-20240929_lab.xml (EX-101.LAB) — 14KB
• tilt-20240929_pre.xml (EX-101.PRE) — 9KB
• tilt-20240929x8k_htm.xml (XML) — 4KB

02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. Departing Director On October 1, 2024, Adam Draizin notified TILT Holdings Inc. (the "Company") of his resignation as a director of the Company effective on the same date, October 1, 2024. Mr. Draizin was a member of the Audit Committee and the Nominating and Corporate Governance Committee at the time of her resignation. Mr. Draizin's decision to resign as a director was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. Appointment of New Director On October 2 , 20 24, the Board of Directors ("Board") of the Company appointed Marshall Horowitz to the Board to fill the vacancy created by the resignation of Mr. Draizin, effective on the same date. Mr. Horowitz previously served as General Counsel of the Company. There are no transactions between Mr. Horowitz and the Company that would require disclosure under Item 404(a) of Regulation S-K. Mr. Horowitz will participate in the Company's compensation program for independent directors which was approved by the Board on September 29, 2024 and is described below. Independent Director Compensation Cash Compensation On September 29, 2024, the Board approved an annual cash retainer of $70,000 for all independent directors of the Company. The Board further approved the following cash compensation for the directors: (i) chairs of the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee shall receive additional annual retainers of $20,000, $10,000, and $10,000, respectively and (ii) members of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee shall receive additional annual retainers of $10,000, $7,500, and $7,500, respectively. Directors are also reimbursed for any out-of-pocket travel expenses incurred in order to attend meetings of the Board, committees

01 Other Events

Item 8.01 Other Events On October 3, 2024, TILT issued a press release announcing the resignation of Mr. Draizin as a director and the appointment of Mr. Horowitz as a director. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated October 3, 2024 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. TILT Holdings Inc. Date: October 3, 2024 By: /s/ Tim Conder Name: Tim Conder Its: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR