Summary by Moomoo AI
Kaival Brands has entered into key executive agreements, appointing Mark Thoenes as Interim CEO and Eric Morris as Interim CFO. The company signed a consulting agreement with Thoenes on November 1, 2024, offering monthly compensation of $25,000 and 100,000 shares of common stock. The agreement extends through January 31, 2025, with provisions for early termination compensation.On October 29, 2024, the company established an employment agreement with Eric Morris as Interim CFO, featuring an annual base salary of $180,000. The package includes a potential $20,000 bonus subject to continued employment and a grant of 250,000 restricted stock shares. Both agreements are part of the company's 2020 Stock and Incentive Compensation Plan as amended.
