Greenlane Holdings, Inc 8-K, filed Jul 8, 2021
Greenlane Holdings, Inc. (GNLN)
About this 8-K
Greenlane Holdings, Inc filed this 8-K on July 8, 2021, reporting on events of July 1, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 1, 2021, Neil Closner, a director of Greenlane Holdings, Inc. (the “Company”), provided a resignation letter to the Company’s board of directors (the “Board”). Mr. Closner’s resignation is subject to, and conditioned upon, the closing of the Company’s previously announced merger with KushCo Holdings, Inc. (“KushCo”) pursuant to the Agreement and Plan of Merger, dated as of March 31, 2021 (the “Merger Agreement”). As disclosed in the Company’s joint proxy statement/prospectus dated July 2, 2021, Mr. Closner is standing for re-election at the Company’s 2021 annual meeting of stockholders scheduled for August 26, 2021, and his resignation will become effective when and if the merger with KushCo closes. Mr. Closner’s resignation is not a result of any disagreements with the Company or the Board. Pursuant to the Merger Agreement, following the closing of the merger, the Board will consist of seven directors, three of which will be appointed by KushCo and four of which will be directors currently serving on the Board. Mr. Closner’s resignation will allow for the remaining four directors currently serving on the Board to remain on the Board following the closing of the merger.
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.
| GREENLANE HOLDINGS, INC. | |||
| Dated: July 8, 2021 | By: |
/s/ Douglas Fischer | |
| Douglas Fischer | |||
| General Counsel | |||