secwatch.observer — SEC 8-K summary
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Issuer:     SPECTRAL CAPITAL Corp (FCCN)
CIK:        0001131903
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0001096906-24-001415
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectral Capital appoints Paul Breitenbach and Samson Lee to Board of Directors
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- Each director receives 30,000 stock options (exercise price at market) plus 8,000 annual refresh options, vesting monthly over 4 years.
- Breitenbach gets options valued at $0.57 each; Lee's options valued at $0.61 each.
- Cash compensation: $25,000 in year 1, $50,000 annually thereafter, plus $2,000 per board meeting attended.
- Breitenbach is founder/CEO of r4 Technologies and former CMO of priceline.com; Lee is founder/CEO of Coinstreet and CSpro.io.
- Both appointments effective June 17 and June 20, 2024, respectively, with four-year terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1131903/000109690624001415/0001096906-24-001415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1131903/000109690624001415/fccn-20240617.htm
  HTML page:      https://secwatch.observer/filing/0001096906-24-001415

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