secwatch.observer — SEC 8-K summary
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Issuer:     Optimus Healthcare Services, Inc. (—)
CIK:        0001892025
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001213900-23-062428
Event type: leadership
Sentiment:  negative
Materiality: 0.80
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Optimus Healthcare terminates CEO John Sganga for cause; appoints Cliff Saffron as interim CEO
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- CEO John Sganga terminated for cause effective July 27, 2023; no severance payments.
- Cliff Saffron (COO and General Counsel) appointed President and Interim CEO same day.
- Saffron's base salary is $214,000/yr, eligible for annual bonus up to 50% of base.
- Saffron holds options for 290,000 shares at $1.80-$1.85, vesting over 4 years.
- If Saffron terminated without cause or resigns for good reason, he gets 12 months pay plus immediate vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892025/000121390023062428/0001213900-23-062428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892025/000121390023062428/ea182731-8k_optimus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-062428

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