Tilray Brands Appoints New CFO, Michael J. B. Ryan

Ticker: TLRY · Form: 8-K · Filed: 2024-12-13T00:00:00.000Z

Sentiment: neutral

Topics: management-change, cfo-appointment, personnel

Related Tickers: TLRY

TL;DR

Tilray just hired a new CFO, Michael J. B. Ryan, starting Dec 15th. Old CFO, Carl De Souza, out Dec 14th.

AI Summary

Tilray Brands, Inc. announced on December 8, 2024, the appointment of Michael J. B. Ryan as Chief Financial Officer, effective December 15, 2024. Ryan will receive an annual base salary of $400,000 and is eligible for a discretionary annual bonus. The company also reported the departure of former CFO, Carl De Souza, effective December 14, 2024.

Why It Matters

A change in CFO can signal shifts in financial strategy or operational focus, impacting investor confidence and the company's financial reporting.

Risk Assessment

Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

Key Players & Entities

FAQ

Who is the new Chief Financial Officer of Tilray Brands, Inc.?

Michael J. B. Ryan has been appointed as the new Chief Financial Officer of Tilray Brands, Inc.

When does Michael J. B. Ryan's appointment as CFO become effective?

Michael J. B. Ryan's appointment as CFO is effective December 15, 2024.

What is the annual base salary for the new CFO?

The annual base salary for Michael J. B. Ryan is $400,000.

Who is the departing Chief Financial Officer and when does their departure become effective?

Carl De Souza is the departing Chief Financial Officer, and his departure is effective December 14, 2024.

What is the filing date of this Form 8-K?

This Form 8-K was filed on December 13, 2024.

From the Filing

0001437749-24-037479.txt : 20241213 0001437749-24-037479.hdr.sgml : 20241213 20241213161717 ACCESSION NUMBER: 0001437749-24-037479 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241208 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241213 DATE AS OF CHANGE: 20241213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Tilray Brands, Inc. CENTRAL INDEX KEY: 0001731348 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 824310622 FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38594 FILM NUMBER: 241548617 BUSINESS ADDRESS: STREET 1: 655 MADISON AVENUE STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10065 BUSINESS PHONE: 519.322.8800 MAIL ADDRESS: STREET 1: 655 MADISON AVENUE STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10065 FORMER COMPANY: FORMER CONFORMED NAME: Tilray, Inc. DATE OF NAME CHANGE: 20180213 8-K 1 tlry20241205_8k.htm FORM 8-K tlry20220918_8k.htm false 0001731348 0001731348 2024-12-08 2024-12-08 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 Date of Report (Date of earliest event reported): December 8, 2024     Tilray Brands, Inc. (Exact name of Registrant as Specified in Its Charter)     Delaware 001-38594 82-4310622 (State or Other Jurisdiction (Commission File (IRS Employer of Incorporation) Number) Identification No.)       265 Talbot Street West ,     Leamington , ON   N8H 5L4 (Address of Principal Executive Offices,   (Zip Code)   Registrant’s Telephone Number, Including Area Code: ( 844 ) 845-7291   Not applicable (Former Name or Former Address, if Changed Since Last Report)     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 Name of each exchange on which registered   Symbol(s)   Common Stock , $0.0001 par TLRY   value per share   The Nasdaq Global Select Market         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 Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers .   Appointment of Steven M. Cohen to the Board of Directors of Tilray Brands, Inc.   On December 8, 2024, the board of directors of Tilray Brands, Inc. (the “Company”) appointed, effective immediately,

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