Legal Proceedings
−Removed: For a description of our material pending legal proceedings, see Note 18, “Contingencies” in Notes to the Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form
−Removed: 10-K, which is incorporated herein by reference.
+Added: For a description of our material pending legal proceedings, see Note 19, “Contingencies” in Notes to the Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K, which is incorporated herein by reference.
Also see Item 1A “Risk Factors - We are subject to significant product liability litigation” for additional details.
4 unchanged sentences
Our executive officers are appointed by, and serve at the discretion of, our board of directors.
−Removed: There are no family relationships
−Removed: between any of the executive officers, and there is no arrangement or understanding between any executive officer and any other person pursuant to which the executive officer was selected.
+Added: There are no family relationships between any of the executive officers, and there is no arrangement or understanding between any executive officer and any other person pursuant to which the executive officer was selected.
Graham Purdy, age 53, has served as our President and CEO since October 2022.
Prior to October 2022, Mr.
−Removed: Purdy served as Chief Operating Officer since
−Removed: November 2019 after serving as President of our New Ventures Division since December 2017.
+Added: Purdy served as Chief Operating Officer since November 2019 after serving as President of our New Ventures Division since December 2017.
Purdy joined the Company in 2004 and has held various leadership positions since that time.
Prior to joining the Company, Mr.
−Removed: Purdy spent 7 years at
−Removed: Philip Morris, USA where he served in senior sales and sales management positions.
+Added: Purdy spent 7 years at Philip Morris, USA where he served in senior sales and sales management positions.
Purdy holds a Bachelor of Arts from California State University, Chico.
David Glazek, age 47, was appointed Executive Chair of the Board in January 2023.
−Removed: Glazek served as a director of our Company since November 2012, and as
−Removed: our Lead Independent Director from January 2018 until October 2022, and as our non-executive Chair since September 2019.
+Added: Glazek served as a director of our Company since November 2012, and as our Lead Independent Director from January 2018 until October 2022, and as our non-executive Chair since September 2019.
Glazek was a Partner and Portfolio Manager of Standard General L.P.
−Removed: from 2008 to 2023, and an investment banker at Lazard
+Added: from 2008 to 2023, and an investment banker at Lazard Frères & Co.
from 2000 to 2003 and from 2006 to 2008.
1 unchanged sentence
Throughout his career he has served on numerous public and private company boards of directors.
−Removed: In addition, he is an Adjunct Professor at Columbia
−Removed: Business School.
+Added: In addition, he is an Adjunct Professor at Columbia Business School.
Glazek holds a Bachelor of Arts from the University of Michigan and a J.D.
from Columbia Law School .
−Removed: Luis Reformina , age 46, was appointed Chief Financial Officer in May 2021 after serving as the Company’s Chief Business Development Officer since October
−Removed: He joined the Company as Vice President of Business Development in 2019.
−Removed: Prior to joining the Company, Mr.
−Removed: Reformina spent nearly two decades in the finance and investment industry working at Point72 Asset Management, Waterfront Capital
−Removed: Partners, Perella Weinberg Partners and Vestar Capital Partners in various roles deploying capital across different industries.
−Removed: He began his career as an investment banker at Goldman Sachs & Co.
−Removed: Reformina holds a B.S, summa cum laude , in Electrical Engineering from Cornell University and an M.B.A from Stanford Graduate School of Business where he was an Arjay Miller Scholar.
−Removed: Cushman , age 39, has been our Senior Vice President, General Counsel, and Secretary since November 2020 and has served in various roles in our
−Removed: legal department since joining the Company in October 2014, most recently serving as Senior Vice President of External Affairs.
+Added: Andrew Flynn , age 49, joined the Company as our Chief Financial Officer in April 2024.
+Added: Flynn previously served as the CFO of Connected Cannabis Co.
+Added: from September 2021 until March 2024.
+Added: Prior to joining Connected, from June 2019 until September 2021, Mr.
+Added: Flynn served in various positions at Juul Labs, including as Senior Vice President.
+Added: Earlier in his career, Mr.
+Added: Flynn served as Vice President of Finance at James Hardie Building Products, and Vice President of Finance at Arrow Electronics.
+Added: Flynn holds a BS from Indiana University and an MBA from the University of Colorado, Denver.
+Added: Cushman , age 40, has been our Senior Vice President, General Counsel, and Secretary since November 2020 and has served in various roles in our legal department since joining the Company in October 2014, most recently serving as Senior Vice President of External Affairs.
Prior to joining the Company, Ms.
−Removed: Cushman spent five years at Xcaliber International, Ltd., L.L.C., where she was most
−Removed: recently the General Counsel, responsible for all legal affairs.
−Removed: Cushman holds a Bachelor of Science in Business Administration, magna cum laude , in business management from the University of Tulsa
+Added: Cushman spent five years at Xcaliber International, Ltd., L.L.C., where she was most recently the General Counsel, responsible for all legal affairs.
+Added: Cushman holds a Bachelor of Science in Business Administration, magna cum laude , in business management from the University of Tulsa and a J.D.
from Washington and Lee University School of Law.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.