ITHUF 8-K
iANTHUS CAPITAL HOLDINGS, INC. (ITHUF)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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.
Determination of Discretionary Bonus Award for Fiscal Year 2022
On April 26, 2023, the compensation committee of iAnthus Capital Holdings, Inc. (the “Company”) awarded Philippe Faraut, the Company’s Chief Financial Officer, a discretionary bonus for the Company’s fiscal year ended December 31, 2022 (“FY 2022”). All other compensation paid by the Company to Mr. Faraut for FY 2022 was previously reported by the Company in the Summary Compensation Table included in Part III, Item 11 of the Company’s Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission (the “Commission”) on March 30, 2023 (the “2022 10-K”). As of the date of the filing of the 2022 10-K, the amount of Mr. Faraut’s discretionary bonus award for FY 2022 had not been determined and, therefore, was omitted from the Summary Compensation Table included in the 2022 10-K pursuant to Instruction 1 to Item 402(c)(2)(iii) and (iv) of Regulation S-K promulgated by the Commission.
In accordance with Item 5.02(f) of Form 8-K, the amount of Mr. Faraut’s discretionary bonus award for FY 2022, and his total compensation for FY 2022, recalculated so as to include his discretionary bonus award for FY 2022, are set forth below.
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Bonus ($) |
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Total ($) |
Philippe Faraut |
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300,000 (1) |
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640,385 |
(1) Represents a discretionary bonus for performance during the Company’s fiscal year ended December 31, 2022, as determined by the Company’s compensation committee, consisting of (i) a cash bonus of $150,000, and (ii) a non-cash bonus of restricted stock units having an aggregate grant date fair value of $150,000 as determined in accordance with FASB ASC Topic 718. The FASB ASC Topic 718 amount of this grant may never be realized by Mr. Faraut.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
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Description |
104 |
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Inline XBRL for the cover page of this Current Report on Form 8-K |
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.
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IANTHUS CAPITAL HOLDINGS, INC. |
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Date: June 7, 2023 |
By: |
/s/ Robert Galvin |
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Robert Galvin Interim Chief Executive Officer |