secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED ENERGETICS, INC. (AERG)
CIK:        0000879911
Form:       8-K
Filed at:   2022-12-05T23:59:59+00:00
Accession:  0001213900-22-077610
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Energetics amends CEO pact: 3-year extension, salary to $400k, 1.95M RSUs with performance vesting
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- CEO term extended 36 months from Nov 1, 2022; base salary increased from $350k to $400k annually.
- 1,954,545 RSUs granted, vesting upon $5M revenue from CEO-generated leads and a future equity offering.
- Prior options to purchase 2M shares expired unexercised; RSUs replace forfeited equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879911/000121390022077610/0001213900-22-077610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879911/000121390022077610/ea169631-8k_appliedener.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-077610

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