secwatch.observer — SEC 8-K summary
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Issuer:     Stran & Company, Inc. (SWAG)
CIK:        0001872525
Form:       8-K
Filed at:   2022-03-16T23:59:59+00:00
Accession:  0001213900-22-012756
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stran & Company appoints Sheila Johnshoy as COO; base salary $250K, stock options
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- Sheila Johnshoy appointed COO effective March 11, 2022, with a base salary of $250,000.
- Signing bonus: 5,000 restricted shares and option to purchase 5,000 shares at $1.60.
- Eligible for up to 35,000 additional shares and options based on revenue targets.
- Ms. Johnshoy previously served as VP at SwagUp and CRO at ePromos, where revenue grew from $18M to $70M.
- Severance: four months' salary if terminated without cause in first two years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1872525/000121390022012756/0001213900-22-012756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1872525/000121390022012756/ea156951-8k_stranandco.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-012756

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