---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-125616"
form_type: "8-K"
ticker: "BLUW"
cik: "0002050501"
company_name: "Blue Water Acquisition Corp. III"
filed_at: "2025-12-31T23:59:59+00:00"
generated_at: "2026-05-16T11:56:25.160746+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Blue Water Acquisition Corp III approves $15k/mo advisory fee for CEO

## Summary
- Board approved $15,000 monthly advisory fee to CEO Kevin McGurn for identifying and completing initial business combination.
- Fee effective December 2025 payable monthly until earlier of business combination closing or liquidation.
- No other executive compensation changes disclosed.

## SEC filing metadata
- accession: 0001104659-25-125616
- form_type: 8-K
- ticker: BLUW
- cik: 0002050501
- company_name: Blue Water Acquisition Corp. III
- filed_at: 2025-12-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2050501/000110465925125616/0001104659-25-125616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2050501/000110465925125616/tm2534560d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-125616
- JSON: https://secwatch.observer/filing/0001104659-25-125616.json
- Plain text: https://secwatch.observer/filing/0001104659-25-125616.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.