Summary by Moomoo AI
Smart for Life, Inc., a company listed on The Nasdaq Stock Market under the trading symbol SMFL, has announced the appointment of Loren Brown to its Board of Directors. The appointment, effective March 8, 2024, fills the vacancy left by the resignation of Roger Conley Wood. Brown, with extensive experience in business development and regulatory compliance in the health and wellness sector, has been appointed to several committees within the board, including the Audit, Compensation, and Nominating and Corporate Governance Committees, and will serve as the Chair of the latter. The Board has confirmed Brown's independence according to Nasdaq's rules. In conjunction with his appointment, Brown entered into a Director Agreement with Smart for Life, which includes an annual fee and stock option grant, along with an Indemnification Agreement to cover legal expenses. These agreements were detailed in the company's Form 8-K filed with the SEC, with the full text of the agreements attached as exhibits.