secwatch.observer — SEC 8-K summary
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Issuer:     Allied Gaming & Entertainment Inc. (AGAE)
CIK:        0001708341
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0000929638-24-000988
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allied Gaming & Entertainment enters CEO employment agreement with $300K salary, 60-month severance
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- Base annual salary of $300,000; eligible for annual bonus up to 60% of salary, at Board discretion.
- Severance of 60 months base salary if terminated without cause or for good reason, payable over 60 months, conditioned on release.
- Received 1,230,000 restricted shares under 2019 Equity Plan and options for 115,000 shares.
- Agreement term: 5 years from March 6, 2024, with possible extensions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708341/000092963824000988/0000929638-24-000988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708341/000092963824000988/a8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-24-000988

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer