LifeMD, Inc. Appoints Shayna Webb Dray as Chief Operating Officer

SEC Filing 8-K (0001493152-25-011523)

LifeMD, Inc. announced the appointment of Shayna Webb Dray as Chief Operating Officer, effective March 27, 2025. Ms. Dray, who has over 15 years of experience in operations and supply chain management, previously served as Senior Vice President of Operations at LifeMD. Her appointment includes a base salary of $400,000 and a grant of 100,000 restricted stock units (RSUs), which will vest over time based on specific performance milestones. The RSUs are subject to vesting schedules tied to both time-based and company performance criteria, including achieving certain EBITDA targets by December 31, 2027. The filing also includes details of amendments to Ms. Dray's employment agreement and the terms of the RSU award.