Item 5.02(d): Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 17, 2022, the Board of Directors (the "Board") of 22nd Century Group,
Inc. (the "Company") expanded the number of directors to seven members and
appointed James A. Mish, the Company's Chief Executive Officer, to be a director
on the Board, effective immediately. Mr. Mish was appointed as a Class II
director.
Mr. Mish has served as the Company's Chief Executive Officer since June 2020.
Trained as a chemist, Mr. Mish brings a detailed understanding of molecular,
organic and formulation sciences to the board - particularly in botanical
products and consumer product innovation. He also brings deep experience
navigating the regulatory matters related to product approvals and clinical
trials, particularly with the U.S. Food and Drug Administration (FDA), European
Medicines Agency (EMA) and European Food Safety Authority (EFSA).
Prior to joining 22nd Century, Mr. Mish led the private equity carve out of
Noramco from Johnson & Johnson/Janssen Pharmaceuticals and the subsequent
spinoff of Purisys from Noramco. Mr. Mish served as President and Chief
Executive Officer of Purisys, leading its pharmaceutically derived cannabinoid
API, ingredients and solutions business, including full-scale commercial
production of cannabinoid APIs for various market segments, including
pharmaceuticals, medical OTC and consumer packaged goods.
Mr. Mish began his career at multi-national pharmaceutical firm Pfizer in
research and development, before holding positions of increasing responsibility
at several companies including as President of Ashland Specialty Ingredients -
Consumer Specialties, a major division of Ashland Corporation, a premier, global
specialty materials company. While at Ashland, he led operations for a wide
range of consumer and industrial markets, managing both primary and contract
manufacturing operations for Ashland's personal care, food, beverage &
nutrition, and pharmaceutical segments globally. Mr. Mish has also served in
senior management roles at multi-national chemical and industrial ingredients
firms. In these roles, Mr. Mish was responsible for driving global manufacturing
operations to annual revenues in excess of $1 billion.
Information regarding Mr. Mish's employment agreement and compensation are set
forth in the Company's annual meeting proxy statement filed with the Securities
and Exchange Commission on April 5, 2021. There are no family relationships
between Mr. Mish and any director or other executive officer of the Company nor
are there any transactions between Mr. Mish or any member of his immediate
family and the Company or any of its subsidiaries that would be reportable as a
related party transaction. Further, there is no arrangement or understanding
between Mr. Mish and any other persons or entities pursuant to which Mr. Mish
was appointed as a director of the Company.
Item 7.01 Regulation FD Disclosure.
On January 21, 2022, the Company issued a press release regarding Mr. Mish being
appointed as a director to the Board, which press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 (d). Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release, dated January 21, 2022.
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