Greenlane Holdings, Inc. 8-K

What Happened Greenlane Holdings, Inc. (GNLN) filed an 8-K reporting that Barbara Sher resigned from her roles as Chief Executive Officer and as a director effective December 19, 2025. The company and Ms. Sher entered a Settlement Agreement under which she will receive a one-time cash payment of $1,000,000 and both parties agreed to mutual releases. The Board said it intends to fill the resulting director vacancy in due course under the Company’s bylaws.

Key Details

• Resignation effective date: December 19, 2025 (Barbara Sher resigned as CEO and director).
• Settlement: lump-sum cash payment of $1,000,000 to Ms. Sher and mutual releases per the Settlement Agreement.
• Board composition after departure: four directors, all independent.
• Filing includes the Settlement Agreement and General Release as an exhibit (8-K Item 9.01).

Why It Matters A CEO departure and a $1.0M settlement are material to investors because they affect leadership stability and the company’s near-term cash outflows. The board is currently all independent but has a vacancy to fill, which may influence strategic direction and investor confidence until a successor is named. The mutual releases in the Settlement Agreement could resolve potential disputes between the company and the former CEO; the exact terms are included in the filed exhibit.