secwatch.observer — SEC 8-K summary
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Issuer:     NightFood Holdings, Inc. (NGTF)
CIK:        0001593001
Form:       8-K
Filed at:   2021-08-18T23:59:59+00:00
Accession:  0001213900-21-043542
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nightfood appoints 5-Hour Energy co-founder Tom Morse to Board of Directors
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- Morse, co-founder of 5-Hour Energy, appointed to fill new board seat effective Aug 16, 2021; term until next annual meeting.
- Board expanded from 3 to 4 members; Morse is independent under NASDAQ standards.
- Morse to receive quarterly $3,000 cash plus $16,000 in restricted stock vesting quarterly in FY2022.
- Nightfood recently reported highest-revenue quarter and year, distribution in >1,000 Walmart stores, and closed $4.5M financing to eliminate debt.
- Company addresses $50B night snack category; Morse brings consumer goods expertise from 5-Hour Energy and Zolli Candy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593001/000121390021043542/0001213900-21-043542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593001/000121390021043542/ea146073-8k_nightfood.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-043542

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