secwatch.observer — SEC 8-K summary
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Issuer:     CV Sciences, Inc. (CVSI)
CIK:        0001510964
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0000950170-24-076955
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CV Sciences enters new 3-year employment agreements with CEO and CFO
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- CEO Joseph Dowling new base salary $300K/year, target annual bonus 50% of base.
- CFO Joerg Grasser new base salary $235K/year, target annual bonus 20% of base.
- Both agreements run through June 20, 2027, with change-of-control severance of 2x base salary.
- Dowling has $433,871 in deferred base salary plus $490,274 total accrued (2020-2022).
- Dowling eligible for $1,500/month car allowance and $1.5M life insurance paid by company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510964/000095017024076955/0000950170-24-076955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510964/000095017024076955/cvsi-20240620.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-076955

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