Business Context and Reporting Period
This Form 8-K Current Report was filed by Edible Garden AG Inc (EDBL) on August 11, 2026. The report discloses changes in executive leadership, specifically the departure of the Interim Chief Financial Officer and the appointment of a new Chief Financial Officer.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on personnel changes and compensation arrangements.
Material Changes
- Departure: Kostas Dafoulas resigned as Interim Chief Financial Officer, effective August 14, 2026. He will continue to provide transition and advisory services under a new agreement.
- Appointment: Jonathan Gutoski was appointed Chief Financial Officer, effective August 17, 2026. He had previously served as the Company's Controller since June 2026.
Management Commentary and Compensation
Mr. Gutoski will lead financial strategy, accounting, reporting, treasury, and internal controls. His compensation package includes:
- Base salary: $220,000
- Signing bonus: $10,000
- Discretionary bonus: Up to 25% of base salary (prorated for 2026)
The filing states there are no undisclosed arrangements regarding his appointment and no family relationships with other directors or officers.
Investor Verification Checklist
- Verify the effective dates of the CFO transition (August 14 and August 17, 2026).
- Confirm the terms of the Advisory Engagement Agreement with the departing Interim CFO.
- Review the Company's recent financial reports to assess the impact of the leadership change on operational discipline and growth initiatives.