{"url_path":"/sec/cwbhf/8-k/2026-06-01/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/1750155/0001750155-26-000080-index.html","accession_number":"0001750155-26-000080","cik":"0001750155","ticker":"CWBHF","issuer_name":"Charlotte's Web Holdings, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1750155/0001750155-26-000080-index.html","primary_entity_key":"0001750155","primary_entity_name":"Charlotte's Web Holdings, Inc."},"word_count":315,"has_tables":true,"body_markdown":"Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.\n\nEffective May 28, 2026 (the “Effective Date”), the board of directors of Charlotte’s Web Holdings, Inc. (the “Company”), appoint James Jeffery Raborn to the Company’s board of directors, until his successor shall have been duly elected and qualified or until his earlier resignation or removal. Mr. Raborn’s term will expire concurrently with the 2027 annual general meeting of the shareholders. Mr. Raborn was appointed as one of the designees to the board of directors by British American Tobacco (\"BAT\"), pursuant to the Investor Rights Agreement amendment between the Company and BT DE Investments Inc., a wholly-owned subsidiary of BAT, dated November 14, 2022, as amended and rested pursuant to the Amended and Restated Investor Rights Agreement, dated May 28, 2026. Mr. Raborn is not a party to any transaction with the Company reportable under Item 404(a) of Regulation S-K under the Securities Act of 1933, as amended.\n\nMr. Raborn has served since March of 2018 as the Executive Vice President of Law & External Affairs and General Counsel of Reynolds American, Inc., an American tobacco company that is a subsidiary of BAT. Mr. Raborn joined Reynolds American, Inc in 2004 and before assuming his current role, Mr. Raborn was Senior Vice President, Litigation and Regulatory, and Deputy General Counsel within the RAI Group. Mr. Raborn also previously served as the chairman of the Reynolds American Foundation.\n\nPrior to joining Reynolds, Mr. Raborn practiced law in New Orleans and Baton Rouge and represented clients including Ford, Hyundai, Toyota, Kia, Black & Decker, Exxon, and Shell in product and premises liability cases. He also represented several companies including Exxon, Texaco, Shell, and Chevron before the Louisiana Public Service Commission. Mr. Raborn earned a bachelor’s degree in history and a juris doctorate degree from Louisiana State University."}