Synergy CHC Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Synergy CHC Corp. (SNYR) on September 22, 2025. The filing reports corporate governance changes effective as of the filing date, specifically regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial statements or performance metrics.
Material Changes
- Director Resignation: Scott Woodburn resigned from the Board of Directors and all associated committees on September 22, 2025.
- Reason for Resignation: Mr. Woodburn resigned to accept an internal appointment as Head of Strategic Partnerships for the Company. The resignation was not due to any disagreement with the Company, its board, or management.
- Director Appointment: Teresa Thompson was appointed to the Board to fill the vacancy created by Mr. Woodburn's resignation.
- Committee Assignments: Ms. Thompson will serve on the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.
Management Commentary and Compensation
Ms. Thompson was selected for her extensive experience in the vitamin and supplement market and the retail industry, having served as a pharmacy OTC buyer for Costco Wholesale from 1986 to June 2025. Her compensation package includes:
- Annual cash compensation of $25,000.
- Annual equity award of $25,000.
Ms. Thompson has entered into an indemnification agreement with the Company. No guidance, outlook, risks, or contingencies were disclosed in this filing.
Key Facts for Investor Verification
- Verify the effective date of Scott Woodburn's new role as Head of Strategic Partnerships.
- Confirm Teresa Thompson's background and qualifications as detailed in the press release (Exhibit 99.1).
- Review the specific terms of the indemnification agreement filed as Exhibit 10.38 to the Form S-1.
- Monitor future filings for any financial impact related to the new strategic partnership initiatives.