Charlie's Holdings, Inc. 8-K

What Happened

• Charlie's Holdings, Inc. filed an 8-K reporting that the Board appointed Henry Sicignano III as Chief Executive Officer effective August 4, 2026. Sicignano, age 58, will continue to serve as the Company’s President (appointed President on April 1, 2021).
• On August 3, 2026, COO Ryan Stump notified the Board he will resign as Chief Operating Officer effective September 4, 2026; his resignation was not due to any disagreement with the Company. Mr. Stump will remain a member of the Board.
• The Company issued a press release on August 4, 2026 (filed as Exhibit 99.1). Sicignano’s compensation as CEO will remain unchanged from his current employment arrangement (see the Company’s Definitive Proxy Statement on Schedule 14A filed April 20, 2026 for details).

Key Details

• Appointment date: Henry Sicignano III named CEO effective August 4, 2026.
• COO resignation: Ryan Stump notified on August 3, 2026; resignation effective September 4, 2026; will continue as a director.
• Compensation: Sicignano’s pay remains unchanged from the arrangement disclosed in the April 20, 2026 proxy.
• Background: Sicignano previously served as CEO and President of 22nd Century Group, Inc. (March 2015–July 2019) and on Anandia Laboratories’ board (Dec 2014–Aug 2018); holds a B.A. and an M.B.A. from Harvard.

Why It Matters

• This is a management change at the top: the Company elevated its current President to CEO, signaling leadership continuity rather than an external hire. That can matter for strategy, operations and investor confidence.
• The COO’s planned departure reduces executive bench strength in the near term, but his staying on the Board maintains governance continuity.
• The unchanged compensation suggests no immediate change to executive cost structure disclosed in prior filings. Investors should watch future filings and press releases for any updates on operational leadership, strategic priorities, or succession plans.