22nd Century Group Appoints New Chief Medical Officer

TL;DR

22nd Century Group swaps CMOs, bringing in Dr. Robert L. Smith.

AI Summary

On July 30, 2024, 22nd Century Group, Inc. announced the appointment of Dr. Robert L. Smith as Chief Medical Officer and the resignation of Dr. Michael J. Smith from the same role. Dr. Robert L. Smith's appointment is effective immediately, and he will also serve as a member of the company's executive leadership team.

Why It Matters

The change in Chief Medical Officer could signal a shift in the company's strategic direction or focus in medical and scientific affairs.

Risk Assessment

Risk Level: medium — Changes in key executive positions, especially in medical roles, can introduce uncertainty regarding future strategy and execution.

Key Players & Entities

• 22nd Century Group, Inc. (company) — Registrant
• Dr. Robert L. Smith (person) — Appointed Chief Medical Officer
• Dr. Michael J. Smith (person) — Resigned Chief Medical Officer
• July 30, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.00001 — nge on which registered Common Stock, $0.00001 par value XXII NASDAQ Capital Market
• $275,000 — Mr. Manfredonia's base salary will be $275,000. In addition, he will be eligible to pa

Filing Documents

• tm2420488d1_8k.htm (8-K) — 26KB
• tm2420488d1_ex99-1.htm (EX-99.1) — 9KB
• 0001104659-24-084006.txt ( ) — 207KB
• xxii-20240730.xsd (EX-101.SCH) — 3KB
• xxii-20240730_lab.xml (EX-101.LAB) — 33KB
• xxii-20240730_pre.xml (EX-101.PRE) — 22KB
• tm2420488d1_8k_htm.xml (XML) — 3KB

02(e)

Item 5.02(e) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of New Executive Vice President of Sales and Marketing On July 30, 2024, the Company appointed Robert Manfredonia as its Executive Vice President of Sales and Marketing, effective August 1, 2024. Mr. Manfredonia, age 59, previously served as Senior Vice President of Retail Corporate Accounts for Bonavita Beverage Group since 2019, and in the same role at Eastside Distilling from 2015-2019. Prior to entering the beverage business with Miller Brewing Company in 1999, he was a chain manager at Southern Gl a zer's Wine and Spirits and proudly served in the United States Air Force. Mr. Manfredonia's base salary will be $275,000. In addition, he will be eligible to participate in the Company's benefit programs and will be entitled to benefits consistent with those provided to other senior executives of the Company and any other benefits that the Board of Directors may, in their sole discretion, elect to grant him from time to time. Mr. Manfredonia will work on an at-will basis. There are no family relationships between Mr. Manfredonia and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. Additionally, there have been no transactions involving Mr. Manfredonia that would require disclosure under Item 404(a) of Regulation S-K.

01

Item 8.01 Other Information. On July 30, 2024, the Company issued a press release to disclose the information set forth above. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. Exhibit 99.1 Press Release dated July 30, 2024

SIGNATURES

SIGNATURES 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 hereunto duly authorized. 22nd Century Group, Inc. /s/ Lawrence Firestone Date: July 30, 2024 Lawrence Firestone Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR