Greenlane Holdings, Inc. - Departure of CEO and Director
Barbara Sher has resigned from her positions as Chief Executive Officer and a member of the Board of Directors of Greenlane Holdings, Inc., effective December 19, 2025. This resignation was by mutual agreement, as detailed in a Settlement Agreement. Under this agreement, Ms. Sher will receive a lump sum payment of $1,000,000. The agreement includes mutual releases between Ms. Sher and the Company. Following her departure, the Board of Directors will consist of four members, all of whom are independent. The Company intends to fill the vacancy on the Board in due course. The Settlement Agreement and General Release outlines terms including Ms. Sher's resignation from all officer and director positions, a separation date of December 31, 2025, and mutual releases of claims. The agreement also addresses employment and stock option agreements, covenants regarding reemployment and legal action, and the return of company property. The filing also includes Exhibit 10.1, the full Settlement Agreement and General Release.