Mr. Fernando Massalin reports
TRUBAR INC. COMPLETES SEVERANCE PAYMENT TO FORMER CFO
Trubar Inc. has completed a one-time severance payment of $100,000, less the required withholdings, to Brian Meadows, the former chief financial officer of the company, pursuant to the terms of the separation agreement and general release previously announced by the company on June 16, 2025.
Pursuant to the terms of the separation agreement, the severance payment has been satisfied through the issuance of 98,075 common shares in the capital of the company to Mr. Meadows at a price per share equal to 81 cents per share.
The severance Shares have been issued outside of the company's equity incentive plan as a one-time severance payment paid to Mr. Meadows pursuant to Section 6.4 of TSX Venture Exchange Policy 4.4. -- Security Based Compensation. The severance shares will be subject to a statutory hold period of four months and one day from the date of issuance.
About Trubar Inc.
Trubar is a better-for-you snacking company focused on delivering high-quality, plant-based protein products with exceptional taste and made with clean, recognizable ingredients.
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