Greenlane Holdings Reports Board Resignations and Committee Changes

What Happened

• Greenlane Holdings, Inc. announced that directors Michael Howe and Donald Hunter notified the company on August 18, 2026 of their resignations from the Board and all Board committees, effective August 31, 2026 (previously reported in an 8-K filed August 24, 2026).
• To maintain committee oversight, the Board appointed directors William Levy and Jonathan Ip to the Audit Committee and designated Bruce Linton as Audit Committee chair (appointments effective August 31, 2026). The Audit Committee will consist of Bruce Linton (chair), William Levy and Jonathan Ip.
• On August 31, 2026 the Board also appointed William Levy and Jonathan Ip to the Compensation Committee and designated William Levy as Compensation Committee chair, effective immediately following the resignations.

Key Details

• Resignation notices delivered: August 18, 2026; resignations effective: August 31, 2026.
• Audit Committee members after changes: Bruce Linton (chair), William Levy, Jonathan Ip.
• The Board determined Linton, Levy and Ip meet Nasdaq independence requirements (Listing Rule 5605 and Rule 10A-3); Bruce Linton is deemed financially sophisticated and qualifies as an "audit committee financial expert" under Item 407(d)(5) of Regulation S-K.
• William Levy named chair of the Compensation Committee; both Levy and Ip meet Nasdaq independence standards for that committee.

Why It Matters

• These changes preserve the Board’s compliance with Nasdaq governance rules and maintain an independent audit committee, including a designated audit committee financial expert — important for oversight of the company’s financial reporting and internal controls.
• For investors, the filing signals continuity in committee oversight following the director resignations and identifies the directors who will drive audit and compensation governance going forward.