08/17/2026 | Press release | Distributed by Public on 08/17/2026 13:46
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 11, 2026, Kostas Dafoulas resigned as Interim Chief Financial Officer of Edible Garden AG Incorporated (the "Company"), effective as of August 14, 2026. Mr. Dafoulas will continue to provide certain transition and advisory services to the Company pursuant to an Advisory Engagement Agreement dated August 11, 2026 (the "Engagement Agreement").
On August 14, 2026, Jonathan Gutoski, age 42, was appointed Chief Financial Officer of the Company, effective August 17, 2026 and until he resigns, retires or is terminated from that position. Mr. Gutoski leads the Company's financial strategy, accounting, reporting, treasury and internal-control functions. He works closely with the executive leadership team and Board of Directors to support Edible Garden's growth initiatives, operational discipline and long-term strategic objectives.
Mr. Gutoski brings extensive experience in financial leadership, corporate governance and operational finance across public and private organizations and has served as Controller of the Company since June 2026. Before joining the Company, Mr. Gutoski served as Interim Chief Financial Officer and Controller at NowCFO from January 2025 to June 2026, as Chief Financial Officer of Design House Corp. from June 2023 to May 2024, and as Multi-Site Controller at Merck KGaA from January 2020 to June 2023. Mr. Gutoski previously served as Corporate Controller at LaBudde Group, Plant Controller at Kerry Foods and as an auditor with PricewaterhouseCoopers. He has also contributed his financial expertise to nonprofit organizations, including service as CFO and Treasurer of the Jim Luther New Hope Center. Mr. Gutoski holds a bachelor's degree in accounting and a Master's Degree in Accounting from University of Wisconsin, Milwaukee and a Master of Business Administration in finance from Indiana University's Kelley School of Business.
In connection with his appointment, Mr. Gutoski will be paid a base salary of $220,000 and a $10,000 signing bonus, and is eligible for a discretionary bonus of up to 25% of his base salary, which will be prorated for 2026.
There are no arrangements or understandings between Mr. Gutoski and any other person pursuant to which he was appointed Chief Financial Officer of the Company. There are no family relationships between Mr. Gutoski and any director or executive officer of the Company. Mr. Gutoski has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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