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New $220K CFO steps in at Edible Garden (EDBL) as interim exits

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Edible Garden AG Incorporated announced a finance leadership transition. On August 11, 2026, Kostas Dafoulas resigned as Interim Chief Financial Officer, effective August 14, 2026, and will continue to provide transition and advisory services under an Advisory Engagement Agreement dated August 11, 2026.

On August 14, 2026, the company appointed Jonathan Gutoski, age 42, as Chief Financial Officer, effective August 17, 2026. He will oversee financial strategy, accounting, reporting, treasury and internal controls, working with the executive team and Board. Gutoski has served as the company’s Controller since June 2026 and previously held finance leadership roles at NowCFO, Design House Corp., Merck KGaA, LaBudde Group, Kerry Foods and PricewaterhouseCoopers, and has nonprofit finance experience.

In his new role, Gutoski will receive a base salary of $220,000, a $10,000 signing bonus, and is eligible for a discretionary annual bonus of up to 25% of base salary, prorated for 2026. The company states there are no special arrangements, family relationships or related-party transactions connected to his appointment.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Effective resignation date of Interim CFO August 14, 2026 Date when Kostas Dafoulas’ resignation as Interim CFO became effective
Appointment date of new CFO August 14, 2026 Date on which Jonathan Gutoski was appointed Chief Financial Officer
Effective date of new CFO role August 17, 2026 Date Jonathan Gutoski’s service as Chief Financial Officer becomes effective
CFO base salary $220,000 Annual base salary for Jonathan Gutoski as Chief Financial Officer
CFO signing bonus $10,000 One-time signing bonus payable to Jonathan Gutoski
CFO bonus opportunity 25% of base salary Maximum discretionary annual bonus opportunity for 2026, prorated
CFO age 42 Age of newly appointed Chief Financial Officer Jonathan Gutoski
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Advisory Engagement Agreement financial
"services to the Company pursuant to an Advisory Engagement Agreement"
discretionary bonus financial
"eligible for a discretionary bonus of up to 25% of his base salary"
Item 404(a) of Regulation S-K regulatory
"transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K"

FAQ

What executive change did Edible Garden AG (EDBL) announce in this 8-K?

Edible Garden AG reported that Kostas Dafoulas resigned as Interim CFO effective August 14, 2026, and Jonathan Gutoski was appointed Chief Financial Officer effective August 17, 2026, assuming responsibility for the company’s core finance and control functions.

When does new CFO Jonathan Gutoski’s appointment at Edible Garden AG (EDBL) become effective?

Jonathan Gutoski’s appointment as Chief Financial Officer becomes effective on August 17, 2026. He was appointed on August 14, 2026 and will lead financial strategy, accounting, reporting, treasury and internal-control activities for Edible Garden AG Incorporated.

What compensation will the new CFO of Edible Garden AG (EDBL) receive?

Jonathan Gutoski will receive a base salary of $220,000, a $10,000 signing bonus, and a discretionary annual bonus opportunity of up to 25% of base salary, prorated for 2026, under his compensation arrangement as Chief Financial Officer.

Will former Interim CFO Kostas Dafoulas remain involved with Edible Garden AG (EDBL)?

Yes. After resigning as Interim CFO effective August 14, 2026, Kostas Dafoulas will continue to provide transition and advisory services to Edible Garden under an Advisory Engagement Agreement dated August 11, 2026.

What prior experience does the new CFO of Edible Garden AG (EDBL) have?

Jonathan Gutoski previously served as Interim CFO and Controller at NowCFO, CFO of Design House Corp., and Multi-Site Controller at Merck KGaA, among other finance roles, and holds advanced degrees in accounting and an MBA in finance.

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Learn about SEC filing dates

 

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): August 11, 2026

 

EDIBLE GARDEN AG INCORPORATED

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-41371

 

85-0558704

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

283 County Road 519

Belvidere, NJ

 

07823

(Address of registrant’s principal executive office)

 

(Zip code)

 

Registrant’s telephone number, including area code: (908) 750-3953

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Common Stock, par value $0.0001 per share

 

EDBL

 

The Nasdaq Stock Market LLC

Warrants to purchase Common Stock

 

EDBLW

 

The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment

of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On August 11, 2026, Kostas Dafoulas resigned as Interim Chief Financial Officer of Edible Garden AG Incorporated (the “Company”), effective as of August 14, 2026. Mr. Dafoulas will continue to provide certain transition and advisory services to the Company pursuant to an Advisory Engagement Agreement dated August 11, 2026 (the “Engagement Agreement”).

 

On August 14, 2026, Jonathan Gutoski, age 42, was appointed Chief Financial Officer of the Company, effective August 17, 2026 and until he resigns, retires or is terminated from that position. Mr. Gutoski leads the Company’s financial strategy, accounting, reporting, treasury and internal-control functions. He works closely with the executive leadership team and Board of Directors to support Edible Garden’s growth initiatives, operational discipline and long-term strategic objectives.

 

Mr. Gutoski brings extensive experience in financial leadership, corporate governance and operational finance across public and private organizations and has served as Controller of the Company since June 2026. Before joining the Company, Mr. Gutoski served as Interim Chief Financial Officer and Controller at NowCFO from January 2025 to June 2026, as Chief Financial Officer of Design House Corp. from June 2023 to May 2024, and as Multi-Site Controller at Merck KGaA from January 2020 to June 2023. Mr. Gutoski previously served as Corporate Controller at LaBudde Group, Plant Controller at Kerry Foods and as an auditor with PricewaterhouseCoopers. He has also contributed his financial expertise to nonprofit organizations, including service as CFO and Treasurer of the Jim Luther New Hope Center. Mr. Gutoski holds a bachelor’s degree in accounting and a Master’s Degree in Accounting from University of Wisconsin, Milwaukee and a Master of Business Administration in finance from Indiana University’s Kelley School of Business.

 

In connection with his appointment, Mr. Gutoski will be paid a base salary of $220,000 and a $10,000 signing bonus, and is eligible for a discretionary bonus of up to 25% of his base salary, which will be prorated for 2026.

 

There are no arrangements or understandings between Mr. Gutoski and any other person pursuant to which he was appointed Chief Financial Officer of the Company. There are no family relationships between Mr. Gutoski and any director or executive officer of the Company. Mr. Gutoski has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

 

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

EDIBLE GARDEN AG INCORPORATED

 

 

 

 

Date: August 17, 2026

By:

/s/ James E. Kras

 

Name: 

James E. Kras

 

 

Title:

President and Chief Executive Officer

 

 

 

3

 

Filing Exhibits & Attachments

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