secwatch.observer — SEC 8-K summary
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Issuer:     Moatable, Inc. (—)
CIK:        0001509223
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001104659-24-076560
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Moatable appoints Scott Stone as CFO; CEO granted 250k options and RSUs
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- Scott Stone named CFO effective July 1, 2024, replacing interim CFO Michael Schifsky.
- Stone receives $275k annual salary, 30% target bonus ($82.5k), and equity in subsidiaries Lofty and Trucker Path.
- CEO Joseph Chen granted 250,000 options at $0.65 (closing price) vesting over 4 years.
- Chen also granted 6,750 RSUs each in Lofty Inc. and Trucker Path Inc., vesting over 4 years.
- Stone's severance provides 6 months salary and COBRA if terminated without cause after one year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509223/000110465924076560/0001104659-24-076560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509223/000110465924076560/tm2418483d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-076560

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