{"schema_version":"secwatch.filing_event.v1","accession":"0001096906-23-001268","form_type":"8-K","ticker":"KWIK","cik":"0001884164","company_name":"KwikClick, Inc.","filed_at":"2023-06-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.465489+00:00","generated_at":"2026-06-14T06:06:31.615092+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"litigation","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"KwikClick faces new lawsuit threatening going concern; CEO and board reshuffled; $500K secured note issued","bullets":["NAI Liquidation Trust filed adversary case 23-50393 against KwikClick and affiliates in Delaware Bankruptcy Court on May 31, 2023.","Claims include aiding and abetting breach of fiduciary duty, fraudulent inducement, trade secret misappropriation, and fraudulent transfer.","KwikClick states if unable to defend, it is unlikely to continue as a going concern.","Fred Cooper appointed CEO, President, and Chairman; Jeffrey Yates appointed to board; Dan Shaw and Matthew Williams resigned.","Company authorized up to $500,000 in secured promissory notes at 10% interest, secured by IP and customer list, due Aug 31, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001096906-23-001268","json":"https://secwatch.observer/filing/0001096906-23-001268.json","markdown":"https://secwatch.observer/filing/0001096906-23-001268.md","text":"https://secwatch.observer/filing/0001096906-23-001268.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1884164/000109690623001268/0001096906-23-001268-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1884164/000109690623001268/kwik-20230531.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T06:06:31.615092+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"01d378bd10","claim":"Matthew Williams resigned as President at KwikClick, Inc..","evidence_excerpt":"On May 31, 2023, Matthew Williams, President of the Company, notified the Board of Directors of his intention to resign from the Company effective May 31, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884164/000109690623001268/0001096906-23-001268-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"df2e041d35","claim":"Fred Cooper was appointed as Chief Executive Officer, President, and Chairman at KwikClick, Inc..","evidence_excerpt":"On May 31, 2023 during a meeting of the Board of Directors, Fred Cooper, a major shareholder of KwikClick, Inc., was nominated, unanimously approved, and appointed to serve as the Chairman of the Board of Directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884164/000109690623001268/0001096906-23-001268-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer, President, and Chairman"}],"fact_type":"executive_change"},{"claim_id":"f0efc26925","claim":"Jeffrey Yates was appointed as Director at KwikClick, Inc..","evidence_excerpt":"On May 31, 2023 during a meeting of the Board of Directors, Jeffrey Yates, the Company’s Chief Financial Officer, was nominated, unanimously approved, and appointed to serve as a Director of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884164/000109690623001268/0001096906-23-001268-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"f17d0b021c","claim":"Dan Shaw resigned as Director at KwikClick, Inc..","evidence_excerpt":"On May 31, 2023, Dan Shaw, a member of the Board of Directors of KwikClick, Inc. (the “Company”), notified the Company of his intention to resign from the Company’s Board of Directors (the “Board”) and all committees, effective May 31, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1884164/000109690623001268/0001096906-23-001268-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}