Jushi Holdings Inc. 8-K

What Happened
Jushi Holdings Inc. (JUSHF) filed an 8-K on Jan. 6, 2026 disclosing an Executive Employment Agreement with CEO James Cacioppo that the company entered into on December 31, 2025 (effective January 1, 2025). The agreement sets Mr. Cacioppo’s annual base salary at $1,050,000, an annual cash bonus targeted at 100% of base salary, and recurring long-term incentive equity grants.

Key Details

• Base salary: $1,050,000 per year (subject to annual adjustments).
• Annual bonus: Targeted at 100% of base salary; Board may increase (but not decrease) the target.
• Equity awards: Entitled to receive 3,000,000 stock options on or before Jan. 1 of each calendar year during the term; such options fully vest on the applicable award deadline.
• Severance/change of control: If terminated by the company without Cause or by the CEO for Good Reason (with a release), or upon a change of control, CEO receives (i) the equity award for the fiscal year, (ii) full vesting of outstanding equity awards, and (iii) a one-time lump-sum payment of $5,000,000.
• Other terms: Standard confidentiality, non‑competition, non‑solicitation, non‑disparagement and IP assignment provisions; right to include a pro rata portion of vested equity in company-initiated registered offerings subject to Board discretion.

Why It Matters
This filing details the CEO’s pay mix and potential liabilities for Jushi: a seven-figure salary and bonus target, recurring large option grants (3 million options annually), and a possible $5.0M cash severance plus accelerated equity vesting on certain terminations or a change of control. For investors, these items affect executive incentives, potential share dilution from recurring option grants, and the company’s cash exposure in certain termination or change-of-control scenarios.