secwatch.observer — SEC 8-K summary
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Issuer:     ONE Group Hospitality, Inc. (STKS)
CIK:        0001399520
Form:       8-K
Filed at:   2022-09-07T23:59:59+00:00
Accession:  0001104659-22-098238
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

One Group Hospitality amends CEO Hilario's contract, adds 600K RSUs with performance vesting
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- CEO Emanuel Hilario gets amended employment agreement extending term one year, effective Sept 2, 2022.
- Grant of 100,000 time-vesting RSUs vesting over 4 years starting Aug 31, 2023.
- Grant of 500,000 performance-based RSUs contingent on 15% year-over-year VWAP increases over four 12-month periods.
- All unvested equity awards (time and performance) accelerate vesting immediately before a change of control.
- Base salary of $700,000 (retroactive to July 2021) and target bonus of 100% of base salary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1399520/000110465922098238/0001104659-22-098238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1399520/000110465922098238/tm2225332d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-098238

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