secwatch.observer — SEC 8-K summary
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Issuer:     NANOVIRICIDES, INC. (NNVC)
CIK:        0001379006
Form:       8-K
Filed at:   2022-10-11T23:59:59+00:00
Accession:  0001104659-22-107752
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NanoViricides extends President Diwan's employment to June 2023 at $400K salary, 10,204 Series A preferred shares
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- Employment extended through June 30, 2023; annual base salary of $400,000.
- Grant of 10,204 Series A Convertible Preferred shares, vesting quarterly over one year.
- Series A Preferred has 9 votes per share and converts into 3.5 common shares only upon change of control; non-transferable.
- Company to maintain $2M term life insurance policy on Diwan, with $1M assigned to the company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1379006/000110465922107752/0001104659-22-107752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1379006/000110465922107752/tm2227959d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-107752

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