Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On May 19, 2022, MedMen Enterprises Inc. (the "Company") received from Tyson
Rossi notification of resignation as Chief Strategy Officer effective June 3,
2022. Mr. Rossi's resignation was not the result of any disagreement with the
Company on any matters relating to its operations, policies or practices.
Item 5.07 Submission of Matters to a Vote of Security Holders.
As previously reported in the Company's Current Report on Form 8-K filed with
the Securities and Exchange Commission on April 26, 2022, the Company adjourned
from its annual and special meeting of shareholders held on April 20, 2022
Proposal 3 regarding approval of an amendment to the MedMen Enterprises Inc.
2018 Stock and Incentive Plan to set the amount reserved for future issuance
under the plan to 200,000,000 Class B Subordinate Voting Shares plus all shares
underlying outstanding awards as of April 1, 2021. On May 19, 2022, the Company
held the adjourned meeting on Proposal 3 (the "Adjoined Meeting"). At the
Adjourned Meeting, the voting results of Proposal 3 were as follows: 43,074,759
voted for, 47, 233,847 voted against, 922,905 abstained and 222,200,629 were
broker non-votes. Due to fact that the number of additional shares voted at the
Adjourned Meeting did not meet the requirements for which the vote was being
taken, Proposal 3 was withdrawn.
Item 7.01 Regulation FD Disclosure.
On May 23, 2022, the Company issued a press release, which is attached to this
Current Report on Form 8-K as Exhibit 99.1 and hereby furnished pursuant to this
Item 7.01.
The information disclosed under this Item 7.01, including Exhibit 99.1 attached
hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or deemed incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific reference in
such a filing.
Item 8.01 Other Events.
On May 20, 2022, the Superior Court of Arizona, Maricopa County granted in favor
of the Company a summary judgement with respect to a complaint filed on March
11, 2020 by Whitestar Solutions, LLC and Adakai Holdings, LLC regarding a
purchase agreement for the sale of the membership interests in Omaha Management
Services, LLC and control of EBA Holdings, Inc. on December 3, 2018 alleging
fraudulent inducement and breach of contract.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Description
99.1 Press Release dated May 23, 2022
1
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