secwatch.observer — SEC 8-K summary
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Issuer:     EVO Transportation & Energy Services, Inc. (—)
CIK:        0000728447
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0000950170-23-047252
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EVO Transportation appoints James Faught as CFO with $275K salary, equity grants
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- Base salary $275,000/year; sign-on bonus $25,000 paid in three installments through Aug 2024.
- Granted 1,426,494 RSUs and options for 1,188,744 shares at $0.42 strike; vest over three years.
- Severance: two months' base salary if terminated without cause or for good reason during initial two-year term.
- Non-compete and non-solicitation covenants for six months post-termination.
- Employment term automatically renews for one-year periods unless 90-day notice given.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/728447/000095017023047252/0000950170-23-047252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/728447/000095017023047252/evoa-20230901.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-047252

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