secwatch.observer — SEC 8-K summary
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Issuer:     CREATIVE REALITIES, INC. (CREX)
CIK:        0001356093
Form:       8-K
Filed at:   2022-06-17T23:59:59+00:00
Accession:  0001213900-22-033599
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Creative Realities adjusts exec compensation; new options, cash bonus plan with EBITDA targets up to $7.6M
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- Board eliminates 2022 revenue target of $38M for performance options; new EBITDA target for vesting set at $3.6M.
- CEO Mills and CFO Logan receive new 10-year options to purchase 1,000,000 and 600,000 shares at $1.00 per share.
- New options vest in tranches based on VWAP targets from $2.00 to $6.00; also guaranteed price of $6.40 or $7.20.
- Cash bonus plan for 2022: bonuses up to 150% of base salary based on EBITDA targets from $3.6M to $7.6M.
- These changes supersede the prior 2020 incentive program based on $38M revenue and $3.5M EBITDA targets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1356093/000121390022033599/0001213900-22-033599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1356093/000121390022033599/ea161551-8k_creativereal.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-033599

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer