secwatch.observer — SEC 8-K summary
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Issuer:     LIVE VENTURES Inc (LIVE)
CIK:        0001045742
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001104659-23-072208
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Ventures sub Marquis enters amended employment pacts for two Co-CEOs
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- Weston Godfrey and Gary Graham named Co-CEOs of Marquis, effective June 1, 2023, through May 31, 2028.
- Each receives $425,000 annual base salary, plus quarterly bonus based on Pre-Tax Income growth.
- One-time $75,000 bonus each; change-of-control bonus of 2x base salary if terminated within 12 months.
- Transaction bonus of base salary if Marquis sold for ≥$100 million.
- Non-compete covenant for 2 years post-termination within 500-mile radius.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045742/000110465923072208/0001104659-23-072208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045742/000110465923072208/tm2318916d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-072208

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