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.
A meeting of the Board of CLS Holdings USA, Inc. (the “Company”) was held on Tuesday, January 10, 2023 (the “Board Meeting”). At the Board Meeting, Andrew Glashow was elected to serve as Chairman of the Board effective immediately. Mr. Glashow is 59 years old and has served as the Company President and CEO since August, 2023. Prior to that, he served as the Company’s Chief Operations Officer.
At the Board Meeting, the Board also approved a new employment contract for Andrew Glashow as the CEO and Chairman of the Board of the Company effective March 1, 2023 and ending February 28, 2026. The new employment contract increases the compensation package for Mr. Glashow in recognition of the services he provides to the Company and the additional responsibilities to be undertaken by him under the new employment agreement.
The Board approved the appointment of Ms. Jamie Dickson as the Secretary of the Company, replacing Juan Carlos Santos. Ms. Dickson is 45 years old and will continue to serve as the Chief Administrative Officer of the Company, a role she has held since September 15, 2022. Prior to that Ms. Dickson served as Chief Administrative Officer for Serenity Wellness Centers LLC, a subsidiary of the Company. The Board also approved the appointment of Dr. Dominick Monaco as the Chief Science Officer of the Company. Dr. Monaco is 39 years old and has served as the Production Manager at City Trees, a subsidiary of the Company.
Finally, the Board also adopted a Conflicts of Interest and Related Party Transactions Policy. The Policy will be adopted immediately and will impact Officers, Directors and Employees of the Company and its subsidiaries.
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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CLS HOLDINGS USA, INC. |
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Date: January 12, 2023 |
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By: /s/ Andrew Glashow |
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Andrew Glashow Chief Executive Officer and Chairman of the Board |
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