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

Issuer:     NOCOPI TECHNOLOGIES INC/MD/ (NNUP)
CIK:        0000888981
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001079973-23-001478
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Nocopi Technologies appoints Michael S. Liebowitz as CEO; $400k salary, 1M restricted shares
--------------------------------------------------------------------------------

- Michael S. Liebowitz appointed CEO effective August 18, 2023; employment agreement dated October 19, 2023.
- Base salary of $400,000 per year, retroactive to start date.
- One-time equity award of 1,000,000 restricted shares, fully vesting on August 18, 2024; can convert to cash at $3.10/share.
- Severance: 12 months base salary and immediate vesting upon termination without cause or resignation for good reason.
- Non-compete covenant for 1 year after termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/888981/000107997323001478/0001079973-23-001478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/888981/000107997323001478/nnup_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-23-001478

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