secwatch.observer — SEC 8-K summary
======================================

Issuer:     APPLIED ENERGETICS, INC. (AERG)
CIK:        0000879911
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001213900-23-036777
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Energetics appoints Stephen McCahon as Chief Science Officer, effective May 1, 2023
--------------------------------------------------------------------------------

- Salary set at $300K annualized for 2023, $325K for 2024, $350K for 2025.
- Initial term through December 2025 with automatic one-year renewals.
- Dr. McCahon is a co-founder and beneficially owns ~7% of company common stock.
- He previously served as Chief Scientist under a consulting agreement terminated by this employment agreement.
- Agreement includes standard non-compete (1 year) and non-solicitation (2 years) covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879911/000121390023036777/0001213900-23-036777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879911/000121390023036777/ea178053-8k_applied.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-036777

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