secwatch.observer — SEC 8-K summary
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Issuer:     LFTD PARTNERS INC. (LIFD)
CIK:        0001391135
Form:       8-K
Filed at:   2022-01-04T23:59:59+00:00
Accession:  0001096906-22-000016
Event type: other
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LFTD Partners enters $2.75M insider loan, raises exec salaries $150k, commits to $1.375M building buy from officer
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- Nicholas Warrender loans $2.75M at 2.5%; previous $3.75M note repaid; loan secured by all assets and stock.
- CEO, CFO, COO base salaries increased from $100k to $250k/yr effective Jan 1, 2022.
- Deferred compensation ~$641k to Jacobs to be paid by Jan 6, 2022; $300k bonus to William Jacobs.
- Company obligated to buy building from Warrender's affiliate by Dec 31, 2022 for fixed price $1.375M.
- 2021 bonus pool set at $1.559M to be paid by March 15, 2022; directors get $4k quarterly fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391135/000109690622000016/0001096906-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391135/000109690622000016/lsfp-20211230.htm
  HTML page:      https://secwatch.observer/filing/0001096906-22-000016

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