Delaware
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001-38594
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82-4310622
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Class 2 Common stock, par value $0.0001 per share
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TLRY
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The NASDAQ Global Select Market
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Emerging growth company ☐
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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.
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Name
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Age
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Position
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Irwin D. Simon†
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62
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Chairperson of the Board of Directors
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Jodi Butts±(3)
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48
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Director
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David F. Clanachan†(1)
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59
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Director
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John M. Herhalt*(4)
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63
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Director
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David Hopkinson±(2)(3)
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49
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Director
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Thomas (Tom) Looney± (1)(2)
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57
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Director
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Renah Persofsky†(6)(7)
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62
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Director
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Walter Robb*(1)(5)
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66
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Director
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* |
Class I, with a term expiring at Tilray 2022 annual meeting of stockholders and until their successor has been duly elected and qualified, or until
their earlier death, resignation or removal
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† |
Class II, with a term expiring at Tilray 2023 annual meeting of stockholders and until their successor has been duly elected and qualified, or until
their earlier death, resignation or removal
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± |
Class III, with a term expiring at Tilray 2021 annual meeting of stockholders and until their successor has been duly elected and qualified, or until
their earlier death, resignation or removal
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(1) |
Member of the audit committee
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(2) |
Member of the compensation committee
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(3) |
Member of the nominating and corporate governance committee
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(4) |
Chair of the audit committee
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(5) |
Chair of the compensation committee
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(6) |
Chair of the nominating and corporate governance committee
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(7) |
Lead director
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Name
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Age
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Position
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Irwin D. Simon*
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62
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President & Chief Executive Officer
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Carl A. Merton†
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51
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Chief Financial Officer
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Denise M. Faltischek
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48
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Chief Strategy Officer
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James Meiers
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63
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Head of Canada
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* |
Principal executive officer
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† |
Principal financial officer and principal accounting officer
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● |
a one-time equity award equal to $200,000 in restricted stock units (“RSUs”) in connection with their initial election or appointment to the Board as a non-employee director, subject to three (3) year equal and ratable vesting, assuming continued Board service
for such period(s);
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● |
an annual equity award equal to $200,000 in RSUs in connection with their initial election or appointment to the Board and upon re-election at each
subsequent annual meeting of stockholders, subject to 100% “cliff” vesting on the earlier of the (i) one (1) year anniversary of such grant date or (ii) next annual stockholder meeting, assuming continued Board service for such period;
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● |
an annual $120,000 cash retainer (earned and payable in equal monthly installments on the first day of each month);
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● |
an annual $20,000 cash retainer for service as a committee chair (earned and payable in equal installments on the first day of each month); and
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● |
an annual $90,000 cash retainer for service as lead independent director (earned and payable in equal installments on the first day of each month).
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TILRAY, INC.
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Dated: June 25, 2021
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By:
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/s/ Carl A. Merton
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Name:
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Carl A. Merton
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Title:
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Chief Financial Officer
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