---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-178626"
form_type: "8-K"
ticker: "OMEX"
cik: "0000798528"
company_name: "ODYSSEY MARINE EXPLORATION INC"
filed_at: "2024-07-12T23:59:59+00:00"
generated_at: "2026-05-31T21:35:04.214208+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Odyssey Marine approves executive bonus plan tied to ExO NAFTA arbitration outcome

## Summary
- Compensation Committee approved 2024 plan for CEO and named executives with one-time cash bonuses.
- Bonuses payable only if NAFTA arbitration or settlement yields gross award sufficient to cover litigation debt and Odyssey receives at least $7M cash post-July 1, 2024.
- Bonus pool ranges from 0.25% to 1.00% of gross award or settlement, paid pro rata among eligible executives.
- If bonus exceeds 200% of base salary, half is deferred until one year after first payment.
- Plan replaces traditional cash annual incentive for 2024, citing executive dedication to ExO matter.

## SEC filing metadata
- accession: 0001193125-24-178626
- form_type: 8-K
- ticker: OMEX
- cik: 0000798528
- company_name: ODYSSEY MARINE EXPLORATION INC
- filed_at: 2024-07-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798528/000119312524178626/0001193125-24-178626-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798528/000119312524178626/d862176d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-178626
- JSON: https://secwatch.observer/filing/0001193125-24-178626.json
- Plain text: https://secwatch.observer/filing/0001193125-24-178626.txt

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