Company: JUSHF
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001628280-25-019342
Chunk: 44

Company: Jushi Holdings Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 44
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acioppo Employment Agreement, Mr. Cacioppo was eligible to receive a cash bonus for the 2023 calendar year in an amount not less than $850,000. On November 15, 2023, Mr. Cacioppo and the Company entered into a second amendment to the Cacioppo Employment Agreement pursuant to

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which Mr. Cacioppo agreed to receive the $850,000 annual cash bonus that would otherwise have been paid to him on or before March 15, 2024 in the following alternative form: (i) a lump sum cash payment in the amount of $212,500, (ii) $1,150,000 aggregate principal amount of 12% Second Lien Notes, and (iii) fully-detached warrants to purchase 718,750 of the Company’s Subordinate Voting Shares. The figure provided here reflects the lump sum cash payment and the principal amount of the 12% Second Lien Notes.

(5) In the Company's previous proxy statement filed April 25, 2024 (the "Previous Proxy Statement"), the Company classified the grant date fair value of the warrants granted to Mr. Cacioppo in connection with the second amendment to the Cacioppo Employment Agreement ($221,331) as a Bonus as indicated in footnote 2 of the Previous Proxy Statement. For purposes of this Proxy Statement and on a go-forward basis the Company has elected to classify the grant date fair value of the warrants granted to Mr. Cacioppo in connection with the second amendment to the Cacioppo Employment Agreement as Option Awards to maintain consistency in the classification of warrants for purposes of this table. Consequently, $221,331 has been moved from Mr. Cacioppo's 2023 Bonus to Mr. Cacioppo's 2023 Option Awards.

(6) The reported amount reflects the amount of Mr. Barack’s bonus for fiscal year 2024 that the Company has accrued for but has not been paid. The amount actually paid, if any, is at the discretion of the Company and subject to Board approval.

(7) The reported amount re flects the incremental grant date fair value of certain other stock options awarde d to Mr. Barack during fiscal year 2024 calculated in accordance with FASB ASC 718. August 12, 2024, the Company approved a limited stock option cancellation and regrant program pursuant to which a limited number of the