{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-000448","form_type":"8-K","ticker":"IGC","cik":"0001326205","company_name":"IGC Pharma, Inc.","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.409343+00:00","generated_at":"2026-06-15T12:29:20.126584+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"IGC Pharma enters 5-year employment agreement with PFO Claudia Grimaldi; $200k base salary","bullets":["Five-year initial term with auto-renew; $200,000 annual base salary, subject to annual Board review.","Eligible for annual bonus and equity grants under 2018 Omnibus Incentive Plan.","Severance: if terminated without cause or for good reason, receives either base pay for remainder of term or 1.5x avg total compensation of prior 2 years; plus health and D&O coverage.","In change-of-control scenario within 12 months, severance multiplier rises to 2.99x and all unvested equity vests immediately.","Executive receives auto allowance ($95/month personal use), 20 days vacation, 8 days sick leave, and indemnification."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-000448","json":"https://secwatch.observer/filing/0001185185-23-000448.json","markdown":"https://secwatch.observer/filing/0001185185-23-000448.md","text":"https://secwatch.observer/filing/0001185185-23-000448.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1326205/000118518523000448/0001185185-23-000448-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1326205/000118518523000448/igcpharma20230505_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T12:29:20.126584+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}