---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-035544"
form_type: "8-K"
ticker: "LITS"
cik: "0001262104"
company_name: "Lite Strategy, Inc."
filed_at: "2025-03-07T23:59:59+00:00"
generated_at: "2026-05-25T03:16:25.972055+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MEI Pharma amends CEO Justin File's employment agreement; base salary $550,000, retention bonus $412,500

## Summary
- Base salary $550,000 (eff Aug 1, 2024); target bonus 50% of base salary for FY2025.
- Retention bonus $412,500 payable upon Change in Control, termination w/o cause, board dissolution approval, or Sep 30, 2025.
- Success fee equal to 10% of net absolute cash retention vs forecast, measured as of Mar 31, 2025 or earlier events.
- Severance includes 12 months base salary, $70,669 lump sum, pro-rata bonus, and accelerated stock option vesting.
- Term through Sep 30, 2025; full option vesting upon qualifying termination within 2 years after Change in Control.

## SEC filing metadata
- accession: 0000950170-25-035544
- form_type: 8-K
- ticker: LITS
- cik: 0001262104
- company_name: Lite Strategy, Inc.
- filed_at: 2025-03-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262104/000095017025035544/0000950170-25-035544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262104/000095017025035544/meip-20250303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-035544
- JSON: https://secwatch.observer/filing/0000950170-25-035544.json
- Plain text: https://secwatch.observer/filing/0000950170-25-035544.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.