UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
| (Exact name of registrant as specified in its charter) | |
| Commission File Number: | |
| (State or other jurisdiction of incorporation) | (IRS Employer Identification No.) |
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| (Address of principal executive offices, including zip code) | |
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| (Registrant’s telephone number, including area code) | |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| OTC Markets Group Inc. | ||||
| OTC Markets Group Inc. |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Cash Bonus Payments for Chief Executive Officer and Chief Financial Officer
On July 11, 2022, Acreage Holdings, Inc. (the “Company”) entered into separate bonus letter agreements (the “Letters”) with Peter Caldini and Steve Goertz, each the Chief Executive Officer and Chief Financial Officer of the Company, respectively, for their continued service and dedication to the Company. Pursuant to the Letters, Messrs. Caldini and Goertz shall each receive three payments of $833,333 and $666,667, respectively, during the upcoming three quarters, starting with the third quarter of 2022.
Copies of the Letters are filed with this report as Exhibits 10.1 and 10.2. The foregoing description of the terms of the Letters is a summary of select terms, is not complete, and is qualified in its entirety by reference to the full text thereof, which is incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. The following exhibit is filed as part of this Current Report on Form 8-K. |
| Exhibit No. | Description of Exhibit |
| 10.1 | Bonus Letter Agreement, dated July 11, 2022, between Acreage Holdings, Inc. and Peter Caldini. |
| 10.2 | Bonus Letter Agreement, dated July 11, 2022, between Acreage Holdings, Inc. and Steve Goertz. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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.
| ACREAGE HOLDINGS, INC. | |
| /s/ Steve Goertz | |
| Date: July 15, 2022 | |
| Steve Goertz | |
| Chief Financial Officer |