secwatch.observer — SEC 8-K summary
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Issuer:     KINGSTONE COMPANIES, INC. (KINS)
CIK:        0000033992
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001021771-24-000101
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kingstone extends CEO Meryl Golden's contract to 2026, raises base salary to $550K
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- CEO Meryl Golden's employment extended to Dec 31, 2026; base salary raised to $550K from $500K.
- Annual bonus remains up to 3% of operating profit before investment income, capped at 1.25x base salary.
- Restricted stock grants: 40,000 shares in Jan 2025 and Jan 2026; vesting through Dec 31, 2026.
- On termination without cause or for good reason, Golden receives remaining salary and bonus; change-of-control provides 1.5x salary plus accrued bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33992/000102177124000101/0001021771-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33992/000102177124000101/kins8k.htm
  HTML page:      https://secwatch.observer/filing/0001021771-24-000101

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