secwatch.observer — SEC 8-K summary
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Issuer:     LIVE VENTURES Inc (LIVE)
CIK:        0001045742
Form:       8-K
Filed at:   2022-03-11T23:59:59+00:00
Accession:  0000950170-22-003414
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Ventures signs COO Eric Althofer to three-year employment agreement with $330k salary, options
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- Eric Althofer, COO, signed three-year agreement effective Apr 1, 2022, with annual salary of $330,000.
- One-time bonus of $75,000 paid upon execution for prior services.
- Severance: 3 months base salary plus up to 3 months COBRA if terminated without cause.
- Stock options for 52,500 shares vesting in 3 tranches of 17,500 each on Apr 1, 2023/2024/2025; exercise prices $35, $40, $45.
- Options expire three years from each vesting date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045742/000095017022003414/0000950170-22-003414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045742/000095017022003414/live-20220309.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-003414

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