Flora Growth Corp. 8-K

What Happened
Flora Growth Corp. (FLGC) filed an 8-K disclosing a Separation Agreement with former CEO Clifford Starke executed December 19, 2025. Mr. Starke’s employment terminates effective December 19, 2025; he had resigned as director and CEO on September 20, 2025 and will continue to serve as a consultant and strategic advisor to the company’s CEO. The parties agreed to mutually release claims through the date of the agreement.

Key Details

• Separation Agreement executed and employment terminated on December 19, 2025.
• Termination entitlements: $895,000 cash (subject to tax and superannuation withholding) and 13,000 Restricted Share Awards to be granted under the company’s 2022 Incentive Compensation Plan (as amended).
• Mr. Starke will not receive any new equity grants for 2025 performance (including any January 2026 awards) other than the 13,000 RSAs noted.
• The Separation Agreement is filed as Exhibit 10.1 to the 8-K.

Why It Matters
This filing formalizes the end of Mr. Starke’s employment and documents the company’s cash and equity obligations tied to that separation. Investors should note the one-time cash payment and the planned restricted share awards, which affect cash flows, compensation expense and potential share-based dilution. The disclosure also clarifies continuity: Mr. Starke is not leaving due to a dispute and will remain involved in a consulting/advisory capacity.