8-K — Pineapple Financial Inc.
Pineapple Financial Inc. filed an 8-K form on February 5, 2026, announcing new employment agreements for its CEO and President, each with $280,000 annual salaries and 3-year terms. The company also approved a new director agreement for Chairman Drew Green with a $20,000 monthly board fee.
Summary
Pineapple Financial Inc., a Canadian company trading on NYSE American under ticker PAPL, filed a Form 8-K current report detailing significant executive compensation changes effective February 5, 2026. The Board of Directors, upon recommendation from the Compensation Committee, approved new employment agreements for two key executives: CEO and Director Shubha Dasgupta, and President/COO/Director Kendall Marin. These new agreements supersede all prior employment contracts and establish 3-year terms with automatic renewal options if both parties agree in writing at least 30 days before expiration. Both executives will receive identical base salaries of $280,000 per annum. Additionally, the Board approved a new director agreement for Chairman Drew Green, establishing a monthly board fee of $20,000. Green's appointment continues subject to shareholder re-election at annual meetings and has a maximum term of five years from the effective date. The company has classified itself as an emerging growth company and maintains its principal executive offices in North York, Ontario. All relevant employment and director agreements have been filed as exhibits to this 8-K report.
About this episode
8-K filing for Pineapple Financial Inc.
Key Insights
- Pineapple Financial standardized executive compensation by setting identical $280,000 annual salaries for both the CEO and President/COO positions
- The company structured executive employment agreements with 3-year initial terms and built-in renewal mechanisms requiring mutual written agreement 30 days before expiration
- The Board established a substantial monthly compensation of $20,000 for the Chairman position, totaling $240,000 annually
- The new agreements completely supersede all previous employment contracts with the named executives, indicating a comprehensive restructuring of compensation arrangements
- The company tied the Chairman's tenure to shareholder approval through required re-election at annual meetings, while capping the maximum term at five years
Topics
Transcript
false 0001938109 0001938109 2026-02-05 2026-02-05 iso4217:USD xbrli:shares iso4217:USD xbrli:shares UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 5, 2026 PINEAPPLE FINANCIAL INC. (Exact name of registrant as specified in charter) Canada 001-41738 Not applicable 00-0000000 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) Unit 200 , 111 Gordon Baker Road North York , Ontario M2H 3R1 (Address of principal executive offices) (Zip Code) (416) 669-2046 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below…
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