secwatch.observer — SEC 8-K summary
======================================

Issuer:     Scilex Holding Co (SCLX)
CIK:        0001820190
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0000950170-25-068621
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scilex adjusts non-employee director equity grants post 1-for-35 reverse stock split
--------------------------------------------------------------------------------

- Initial option grant reduced from 250,000 to 7,142 shares per new director.
- Annual option grant for continuing directors reduced from 100,000 to 2,857 shares.
- Cash compensation unchanged: Board $82,500, committee chairs $37,500, other members $15,000.
- Policy effective retroactively to April 15, 2025.
- Share numbers subject to adjustment for future splits, dividends, etc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820190/000095017025068621/0000950170-25-068621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820190/000095017025068621/sclx-20250509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-068621

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