other material
confidence high
sentiment neutral
materiality 0.55
AIkido Pharma subsidiary Dominari hires Kyle Wool as CEO; base salary $500K plus revenue-based equity bonuses
Dominari Holdings Inc.
- Kyle Wool will serve as consultant until leaving current employer, then become CEO of Dominari Financial (wholly owned subsidiary).
- Base salary of $500,000 per annum; annual bonus up to $500K plus 154,559 shares per revenue tier ($3.5M, $7.5M, $15M+).
- Stock bonus contingent on shareholder approval of 2022 Equity Incentive Plan by Oct 7, 2023; otherwise cash payment of ~$6.14M at $13.25/share.
- Initial term five years, renewable annually; severance on termination without cause/good reason includes 12 months salary and COBRA.