Greenlane Holdings Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Effective December 19, 2025, Barbara Sher resigned from the Board of Directors (the “Board”) and as Chief Executive Officer of Greenlane Holdings, Inc. (the “Company”). Pursuant to mutual agreement between the Company and Ms. Sher (the “Settlement Agreement”), Ms. Sher will receive a lump sum cash payment of $1,000,000 and has agreed to mutual releases as further described therein.
The Board intends to fill the resulting vacancy in due course pursuant to the Company’s Second Amended and Restated Bylaws. Following Ms. Sher’s departure, the Board consists of four directors, all of whom are independent.
The foregoing description of the Settlement Agreement contained in this Item 5.02 does not purport to be a complete description of the terms and provisions therein and is qualified in its entirety by reference to the full text of the Settlement Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(a) Exhibits
| Number | Description | |
| 10.1 | Settlement Agreement and General Release by and between the Company and Barbara Sher, dated December 19, 2025 | |
| 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.
| GREENLANE HOLDINGS, INC. | ||
| Dated: December 19, 2025 | By: | /s/ Vanessa Guzmán-Clark |
| Vanessa Guzmán-Clark | ||
| Chief Financial Officer | ||