secwatch.observer — SEC 8-K summary
======================================

Issuer:     Angel Studios, Inc. (ANGX)
CIK:        0001865200
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001104659-25-103243
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Angel Studios expands board to 7 with Katie Liljenquist and Benton Crane
------------------------------------------------------------------------

- Board increased from 5 to 7; Katie Liljenquist and Benton Crane elected as new directors effective Oct 22, 2025.
- Annual cash retainer for non-employee directors set at $50,000 plus $15,000 for Audit Committee Chair.
- Each non-employee director received RSU award with grant-date fair value ~$75,000, vesting quarterly over one year.
- Liljenquist previously served on Legacy Angel board; Crane is cousin of CEO and original founder of Legacy Angel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865200/000110465925103243/0001104659-25-103243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865200/000110465925103243/tm2529664d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-103243

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