GrowGeneration Corp.
12/30/2025 | Press release | Distributed by Public on 12/30/2025 15:14
Material Agreement, Management Change/Compensation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement
The information set forth in Item 5.02 below is incorporated herein by reference.
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 29, 2025, GrowGeneration Corp. (the "Company") entered into a new employment agreement with Gregory Sanders, Chief Financial Officer. The new agreement will be effective as of January 1, 2026, superseding the employment agreement previously entered into between the Company and Mr. Sanders. The new agreement provides for a one-year term and the following compensation: (i) a base salary of $450,000 per year; (ii) an annual performance cash bonus based on performance metrics set by the Company, with a target amount of 50% and a maximum amount of 100% of base salary; and (iii) 80,000 restricted stock units, vesting in equal installments on June 15, 2026 and December 15, 2026. In addition, the new agreement provides for six months of base salary, six months of target bonus, and six months of the Company's health benefit contributions in the event the Company terminates the agreement prior to expiration of the one-year term without "Cause" (as defined in the agreement).
A copy of the new employment agreement with Mr. Sanders is filed herewith as Exhibit 10.1.
Section 9 - Financial Statements and Exhibits
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