secwatch.observer — SEC 8-K summary
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Issuer:     Marpai, Inc. (MRAI)
CIK:        0001844392
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0000950170-24-005385
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marpai appoints John Powers as President/COO; new employment agreements for CEO, CFO; COO resigns
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- John Powers appointed President and COO effective Jan 2, 2024; annual salary $150,000, RSU for 150,000 shares vesting over 2 years.
- CEO Damien Lamendola entered new employment agreement effective Jan 2, 2024; salary $1.00, RSU for 600,000 shares vesting over 2 years.
- CFO Steve Johnson entered new employment agreement effective Jan 2, 2024; salary $35,568, RSU for 350,000 shares vesting over 2 years.
- COO Gonen Antebi resigned Jan 15, 2024; separation includes warrant for 130,000 shares at $2.50, consulting $5,000/month through Nov 30, 2024.
- If Company achieves $5M unadjusted EBITDA in a fiscal year, each executive recommended for additional equity award of 100,000 RSUs with immediate vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844392/000095017024005385/0000950170-24-005385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844392/000095017024005385/mrai-20240111.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-005385

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