---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-001842"
form_type: "8-K"
ticker: "OLB"
cik: "0001314196"
company_name: "OLB GROUP, INC."
filed_at: "2022-01-13T23:59:59+00:00"
generated_at: "2026-06-27T18:09:57.042859+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# OLB Group signs new CEO/VP employment pacts: Yakov $750K salary, 200K annual options; Smith $350K salary

## Summary
- Ronny Yakov's contract runs through Dec 31, 2027 with $750,000 annual base salary.
- Yakov receives $490,000 acquisition bonus for 2020-2021 deals and 2% of future deal purchase price.
- Yakov eligible for annual $300,000 performance bonus and annual options for 200,000 shares at $0.001 exercise price.
- Patrick Smith, VP Finance, gets $350,000 salary, $150,000 annual bonus, and options for 275,000 shares at $0.001 vesting over 5 years.
- If terminated without cause, both executives receive base salary through term end plus all earned bonuses.

## SEC filing metadata
- accession: 0001213900-22-001842
- form_type: 8-K
- ticker: OLB
- cik: 0001314196
- company_name: OLB GROUP, INC.
- filed_at: 2022-01-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1314196/000121390022001842/0001213900-22-001842-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1314196/000121390022001842/ea153842-8k_theolbgroup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-001842
- JSON: https://secwatch.observer/filing/0001213900-22-001842.json
- Plain text: https://secwatch.observer/filing/0001213900-22-001842.txt

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