secwatch.observer — SEC 8-K summary
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Issuer:     XWELL, Inc. (XWEL)
CIK:        0001410428
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001104659-23-075565
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XWELL appoints Suzanne A. Scrabis as CFO effective July 10, 2023; details compensation
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- Suzanne A. Scrabis named CFO, starting July 10, 2023; Omar Haynes returns to VP Treasury & Finance role.
- Annual base salary $300,000; short-term incentive target 50% of base salary, half guaranteed for 2023.
- Initial equity awards: 75,000 NQSOs and 100,000 RSUs vesting quarterly over one year; eligible for LTIP up to 1.75x salary.
- Severance: 50% of base salary paid over 6 months if terminated without cause or for good reason, subject to release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410428/000110465923075565/0001104659-23-075565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410428/000110465923075565/tm2319842d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-075565

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