Charlotte's Web Holdings Inc.

01/17/2025 | Press release | Distributed by Public on 01/17/2025 15:23

Management Change/Compensation (Form 8-K)

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 15, 2025, Sarah Cambridge submitted her resignation as Principal Accounting Officer of the Company, effective January 31, 2025. Ms. Cambridge's outstanding stock options and unvested restricted share awards will be forfeited in accordance with the terms of such stock options and unvested restricted share awards. Ms. Cambridge's departure is not based on any disagreement with the Company's accounting principles, practices, or financial statement disclosures.

Ms. Erika Lind, the Company's Chief Financial Officer, will assume the role of Principal Accounting Officer effective immediately. Ms. Lind assumed the role of Chief Financial Officer on June 29, 2024. Ms. Lind joined the Company in March, 2023 as Vice President of Financial Planning and Analysis, and Treasury, where she led strategic financial planning, performance management, and treasury operations. Prior to joining the Company, Ms. Lind was Vice President of Finance at Made In Nature LLC from May, 2021 through March, 2023, and was Corporate Controller, Spectra Logic Corp. from February, 2019 through May, 2021. Ms. Lind received her B.S. from Metropolitan State University of Denver and her MBA from Regis University, Denver. There were no amendments to Ms. Lind's compensation or equity awards in connection with her assumption of this new role.

(d) Exhibits:
Exhibit
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