Summary by Moomoo AI
Kaival Brands Innovations has announced the appointment of new directors and the entry into material definitive agreements regarding board of directors compensation. On April 23, 2024, Ashesh Modi and Ketankumar Patel were appointed to the company's Board of Directors. Both appointees will chair various committees and receive $50,000 in annual cash compensation, along with additional compensation for committee roles and equity awards. David Worner and Mark Thoenes, existing directors, have also entered into amended compensation agreements with similar terms. These agreements were disclosed in the company's Form 8-K filed with the SEC, with copies attached as exhibits. The company, listed on The Nasdaq Stock Market under the symbol KAVL, is an emerging growth company as defined by the SEC.
