Greenbrook TMS Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
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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.
(c) Appointment of Chief Financial Officer
On January 29, 2024, Greenbrook TMS Inc. (the “Company”) announced that the Company’s board of directors appointed Mr. Peter Willett, age 34, as the Company’s full-time Chief Financial Officer, effective immediately.
Mr. Willett was appointed Interim Chief Financial Officer of the Company in October 2023, prior to which he has been a key player on the Greenbrook finance team over the past six years, serving as its senior vice president of finance. Peter brings over 11 years of finance experience, providing a broad base of experience and specialized knowledge about the financial and accounting matters that are unique to the mental health services industry.
In connection with his appointment as full-time Chief Financial Officer, the Board of Directors approved an increase in Mr. Willett’s annual base salary to US$305,000 and with a target annual performance bonus of up to 40% of his base salary. Additional terms of Mr. Willett’s compensation package are subject to finalization and will be disclosed in an amendment to this Current Report on Form 8-K within four business days of such final determination.
Mr. Willett has no family relationship with any of the executive officers or directors of the Company. There is no arrangement or understanding between Mr. Willett and any other persons pursuant to which he was selected to serve as an officer of the Company. There are no related party transactions between the Company and Mr. Willett that would require disclosure under Item 404(a) of Regulation S-K.
| Item 7.01 | Regulation FD Disclosure. |
On January 29, 2024, the Company issued a press release announcing the appointment of Mr. Peter Willett as full-time Chief Financial Officer. The press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information contained in this Current Report on Form 8-K under Item 7.01, including the attached Exhibit 99.1, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information contained in this Current Report on Form 8-K under Item 7.01 shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or any filing under the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number | Description | |
| 99.1 | Press Release of the Company dated January 29, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
Date: February 2, 2024
| Greenbrook TMS Inc. | ||
| By: | /s/ Bill Leonard | |
| Name: | Bill Leonard | |
| Title: | President & Chief Executive Officer | |