Synergy CHC (SNYR) names Teresa Thompson director as Woodburn shifts role
Rhea-AI Filing Summary
Synergy CHC Corp. reported that on September 22, 2025, board member Scott Woodburn resigned from the Board of Directors and all its committees in connection with his new role as the Company’s Head of Strategic Partnerships. The company states that his resignation was not due to any disagreement with the company, its board, or management regarding operations, policies, or practices.
The Board appointed Teresa Thompson to fill the resulting board vacancy and to serve on the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee. She will receive annual cash compensation of $25,000 and an annual equity award of $25,000 for her board service. Thompson previously served as a pharmacy OTC buyer for Costco Wholesale from September 1986 to June 2025, overseeing U.S. vitamins and supplements, and was appointed for her experience in the vitamin, supplement, and retail markets.
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FAQ
What leadership changes did Synergy CHC Corp. (SNYR) disclose in this 8-K?
Synergy CHC Corp. disclosed that Scott Woodburn resigned from its Board of Directors and all committees in connection with his appointment as Head of Strategic Partnerships, and that Teresa Thompson was appointed to the Board to fill the resulting vacancy.
Why did Scott Woodburn resign from the Synergy CHC Corp. (SNYR) board?
The company states that Scott Woodburn resigned from the Board, including all committees, in connection with his appointment as Head of Strategic Partnerships for the company and that his resignation was not due to any disagreement with the company, its board, or its management.
Who is Teresa Thompson and why was she appointed to Synergy CHC Corp.’s (SNYR) board?
Teresa Thompson was appointed to the Board and to the Audit, Compensation, and Nominating and Corporate Governance committees. From September 1986 to June 2025, she served as a pharmacy OTC buyer for Costco Wholesale, overseeing U.S. vitamins and supplements, and was chosen for her experience in the vitamin, supplement, and retail markets.
What compensation will Teresa Thompson receive as a director of Synergy CHC Corp. (SNYR)?
Teresa Thompson will receive annual cash compensation of $25,000 and an annual equity award of $25,000 for her service as a director of Synergy CHC Corp.
Was Teresa Thompson’s appointment to the Synergy CHC Corp. (SNYR) board made under any prior arrangement?
The company states that Teresa Thompson was not appointed pursuant to any arrangement or understanding between her and any other persons. She also entered into an indemnification agreement in the form previously filed as Exhibit 10.38 to the company’s Form S-1.
Did Synergy CHC Corp. (SNYR) issue a press release about these board changes?
Yes. A press release announcing Scott Woodburn’s appointment as Head of Strategic Partnerships and Teresa Thompson’s appointment to the Board is attached as Exhibit 99.1 and is incorporated by reference.