secwatch.observer — SEC 8-K summary
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Issuer:     LFTD PARTNERS INC. (LIFD)
CIK:        0001391135
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001096906-22-000355
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LFTD Partners amends exec comp; caps 2022 bonus to protect $0.56 diluted EPS
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- Terminates right to bonus compensation exceeding Modified 2021 Bonus Pool from Dec. 2021 agreement.
- 2022 Bonus Pool capped so diluted EPS does not fall below $0.56 per share; example caps pool at ~$1.25M.
- $500K bonus reallocated as $166,666.66 retention bonus each to Warrender, G. Jacobs, W. Jacobs payable Dec. 2022 if not resigned.
- Chairman of Compensation Committee authorized to negotiate 2023 supplemental retention bonus for the three executives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391135/000109690622000355/0001096906-22-000355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391135/000109690622000355/lsfp-20220214.htm
  HTML page:      https://secwatch.observer/filing/0001096906-22-000355

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