{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-054397","form_type":"8-K","ticker":null,"cik":"0001431959","company_name":"META MATERIALS INC.","filed_at":"2023-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.058640+00:00","generated_at":"2026-06-09T18:21:44.150274+00:00","sec_items":["5.02","5.03","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Meta Materials terminates CEO George Palikaras, lowers stockholder quorum requirement","bullets":["Board terminated George Palikaras from all positions (CEO, director) effective Oct 16, 2023.","Palikaras receives severance: 1 year base salary (C$553,500), four quarterly bonuses, benefits, 12-mo accelerated option vesting.","Bylaw amendment reduces stockholder-meeting quorum from majority to one-third of outstanding shares.","No cause stated; severance terms indicate termination without cause under employment agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-054397","json":"https://secwatch.observer/filing/0000950170-23-054397.json","markdown":"https://secwatch.observer/filing/0000950170-23-054397.md","text":"https://secwatch.observer/filing/0000950170-23-054397.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1431959/000095017023054397/0000950170-23-054397-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1431959/000095017023054397/mmat-20231016.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T18:21:44.150274+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b878f79065","claim":"George Palikaras was terminated as Chief Executive Officer at META MATERIALS INC..","evidence_excerpt":"On October 16, 2023, the Board of Directors (the “Board”) of Meta Materials Inc., a Nevada corporation (the “Company”), terminated the employment of George Palikaras from all positions with the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1431959/000095017023054397/0000950170-23-054397-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"4e275a9c9751f909b5082c06b743d9fd83555a63","claim":"META MATERIALS INC.: Reduced stockholder meeting quorum from majority to one-third of outstanding shares entitled to vote (effective 2023-10-16).","evidence_excerpt":"On October 16, 2023, the Board authorized, approved and adopted an amendment to the Company’s Amended and Restated Bylaws to reduce the quorum requirement for meetings of the Company’s stockholders from a majority of the Company’s outstanding shares entitled to vote, represented in person or by proxy to one-third of the Company’s outstanding shares entitled to vote, represented in person or by proxy (the “Bylaw Amendment”). The Bylaw Amendment became effective immediately upon its adoption and amended Section 2.7 of the Company’s Amended and Restated Bylaws.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1431959/000095017023054397/0000950170-23-054397-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-10-16"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}