secwatch.observer — SEC 8-K summary
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Issuer:     Healthier Choices Management Corp. (HCMC)
CIK:        0000844856
Form:       8-K
Filed at:   2022-02-04T23:59:59+00:00
Accession:  0000844856-22-000005
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Healthier Choices extends CFO Ollet contract to Feb 2025; $300k salary +10% annual raises
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- Ollet continues as CFO through February 14, 2025, with automatic renewal unless 30-day notice.
- Base salary $300,000 for 2022; increases 10% per year to $330,000 in 2023 and $363,000 in 2024.
- Severance: 15-18 months salary if terminated without cause or upon change of control, subject to release.
- Agreement includes non-compete, non-solicitation, and confidentiality covenants lasting 1 year post-termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844856/000084485622000005/0000844856-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844856/000084485622000005/2022_8k.htm
  HTML page:      https://secwatch.observer/filing/0000844856-22-000005

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