secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED ENERGETICS, INC. (AERG)
CIK:        0000879911
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001213900-23-004911
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Energetics amends consulting agreements; extends Chief Scientist term, increases comp, issues contingent RSUs
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- Stephen W. McCahon (Chief Scientist) extended to 3 years with compensation of $300K/$325K/$350K per year.
- Westpark Advisors extended to 3 years with compensation of $260K/$275K/$290K per year.
- Westpark eligible for 940,909 RSUs contingent on $5M cumulative revenue and funding condition; nullifies 1M unissued options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879911/000121390023004911/0001213900-23-004911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879911/000121390023004911/ea172146-8k_applied.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-004911

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