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FORM
CURRENT REPORT
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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 January 5, 2022, the Board of Directors and the Compensation Committee of GrowGeneration Corp. (the “Company”) approved the increase of the base salary of Dennis Sheldon, Chief Supply Chain and Technology Officer, to $300,000 per year, effective as of January 1, 2022, in recognition of his significant contributions to the success of the Company, as well as the future contributions to the Company in an expanded role following the recent departure of the Company’s Chief Operating Officer. In addition, Mr. Sheldon will now report directly to Michael Salaman, President.
Mr. Sheldon, aged 59, joined the Company in May 2021 as Senior Vice President of Global Supply Chain and recently elevated to the position of Chief Supply Chain and Technology Officer. Mr. Sheldon is a seasoned operation’s executive with more than three decades of experience in the global consumer goods industry. Prior to joining the Company, Mr. Sheldon was Chief Operating Officer at PopSockets LLC, a privately held company in Colorado specializing in grips, mounts, and wallets for digital devices and cellphones, where he was responsible for the company’s global operations and growth initiatives. From 2007 to 2017, he spent a decade at a Colorado-based global footwear and apparel company, Crocs Inc. (NASDAQ: CROX), where he held the positions of Senior Vice President of Global Supply Chain, Senior Vice President of Global Enterprise Systems, and Vice President of Global Distribution & Logistics. Most recently, from 2019 to 2021, Mr. Sheldon managed his own global operations consulting group - S2C2, LLC.
Mr. Sheldon has no family relationships with any other director or executive officer of the Company.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Date: January 7, 2022 | GrowGeneration Corp. | |
| By: | /s/ Darren Lampert | |
| Name: | Darren Lampert | |
| Title: | Chief Executive Officer | |
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