secwatch.observer — SEC 8-K summary
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Issuer:     Woodbridge Liquidation Trust (WBQNL)
CIK:        0001785494
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0001140361-22-031910
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Woodbridge Liquidation Trust enters part-time CEO agreement with Frederick Chin; $50K/mo through Dec 2022
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- CEO Frederick Chin shifts to part-time (min 30 hrs/week) from Sep 1, 2022 through Dec 31, 2022 or 30 days after sale of Siena property.
- Monthly salary $50,000 during initial term, $30,000 in extension term; $2.1375M bonus acknowledged due by Sep 30, 2022.
- Agreement terminable by either party on 30 days' notice; severance includes salary continuation through initial term if without cause or for good reason.
- Continued health/dental/vision/life insurance; no vacation accrual.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785494/000114036122031910/0001140361-22-031910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785494/000114036122031910/brhc10041419_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-031910

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