GrowGeneration Corp.
For the period ended Dec 29, 2025. Filed Dec 30, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Dec 29, 2025 · Filed Dec 30, 2025
Contents
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 29, 2025, GrowGeneration Corp. (the "Company") entered into a new employment agreement with Gregory Sanders, Chief Financial Officer. The new agreement will be effective as of January 1, 2026, superseding the employment agreement previously entered into between the Company and Mr. Sanders. The new agreement provides for a one-year term and the following compensation: (i) a base salary of $450,000 per year; (ii) an annual performance cash bonus based on performance metrics set by the Company, with a target amount of 50% and a maximum amount of 100% of base salary; and (iii) 80,000 restricted stock units, vesting in equal installments on June 15, 2026 and December 15, 2026. In addition, the new agreement provides for six months of base salary, six months of target bonus, and six months of the Company's health benefit contributions in the event the Company terminates the agreement prior to expiration of the one-year term without "Cause" (as defined in the agreement).
A copy of the new employment agreement with Mr. Sanders is filed herewith as Exhibit 10.1.
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