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Kaival Brands Innovations | 8-K: Current report

Kaival Brands Innovations | 8-K: Current report

Kaival Brands Innovations | 8-K：重大事件
美股SEC公告 ·  11/06 05:12

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Kaival Brands Innovations, a Delaware-incorporated company listed on the Nasdaq Stock Market under the symbol KAVL, has reported significant executive agreements in a recent Form 8-K filing with the SEC. The company announced a consulting agreement with Mark Thoenes, who is serving as the Interim Chief Executive Officer. The agreement, effective from November 1, 2024, includes a monthly professional fee of $25,000 and a grant of 100,000 shares of common stock under the company's 2020 Stock and Incentive Compensation Plan. This agreement is set to terminate on January 31, 2025, with provisions for extension by mutual consent or termination by the company with a prorated compensation clause. Additionally, on October 29, 2024, Kaival Brands entered into an employment agreement with Eric Morris, the Interim Chief Financial Officer...Show More
Kaival Brands Innovations, a Delaware-incorporated company listed on the Nasdaq Stock Market under the symbol KAVL, has reported significant executive agreements in a recent Form 8-K filing with the SEC. The company announced a consulting agreement with Mark Thoenes, who is serving as the Interim Chief Executive Officer. The agreement, effective from November 1, 2024, includes a monthly professional fee of $25,000 and a grant of 100,000 shares of common stock under the company's 2020 Stock and Incentive Compensation Plan. This agreement is set to terminate on January 31, 2025, with provisions for extension by mutual consent or termination by the company with a prorated compensation clause. Additionally, on October 29, 2024, Kaival Brands entered into an employment agreement with Eric Morris, the Interim Chief Financial Officer. Morris's agreement includes a base salary of $180,000 per year, a potential $20,000 bonus, and a grant of 250,000 shares of restricted stock under the same compensation plan. Both agreements are subject to termination by either party at any time. The full texts of these agreements have been included as exhibits in the SEC filing dated November 5, 2024.
Kaival Brands Innovations，一家在纳斯达克股票市场上以代码KAVL上市的特拉华州注册公司，在最近提交给美国证券交易委员会的8-k表格中报告了重要的高管协议。该公司宣布与Mark Thoenes达成了咨询协议，他目前担任临时首席执行官。该协议自2024年11月1日起生效，包括每月2.5万美元的专业费用和授予公司2020年股票和激励补偿计划下10万股普通股。该协议将于2025年1月31日终止，根据双方同意延长或公司解除的规定，附带按比例计算薪酬的条款。此外，2024年10月29日，Kaival Brands与临时首席财务官Eric Morris签署了一份雇佣协议。Morris的协议包括每年18万美元的基本工资，可能的2万美元奖金，以及根据相同补偿计划授予25万股受限制股的权益。两份协议均可由任何一方随时终止。这些协议的全文已作为附件包含在2024年11月5日提交给SEC的申报文件中。
Kaival Brands Innovations，一家在纳斯达克股票市场上以代码KAVL上市的特拉华州注册公司，在最近提交给美国证券交易委员会的8-k表格中报告了重要的高管协议。该公司宣布与Mark Thoenes达成了咨询协议，他目前担任临时首席执行官。该协议自2024年11月1日起生效，包括每月2.5万美元的专业费用和授予公司2020年股票和激励补偿计划下10万股普通股。该协议将于2025年1月31日终止，根据双方同意延长或公司解除的规定，附带按比例计算薪酬的条款。此外，2024年10月29日，Kaival Brands与临时首席财务官Eric Morris签署了一份雇佣协议。Morris的协议包括每年18万美元的基本工资，可能的2万美元奖金，以及根据相同补偿计划授予25万股受限制股的权益。两份协议均可由任何一方随时终止。这些协议的全文已作为附件包含在2024年11月5日提交给SEC的申报文件中。
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