secwatch.observer — SEC 8-K summary
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Issuer:     PodcastOne, Inc. (PODC)
CIK:        0001940177
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0001213900-23-073298
Event type: leadership
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 5.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Courtside Group signs President Kit Gray to new employment agreement; $375K salary, equity grants
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- Employment agreement with Kit Gray effective Jan 1, 2023, for 2 years; annual salary $375,000.
- Target performance bonus up to 100% of average annualized base salary per fiscal year.
- Equity grant: 325,000 PC1 RSUs (Courtside) and 150,000 LVO RSUs (LiveOne), vesting over 2 years.
- Termination without cause or good reason triggers 6 months salary and full RSU acceleration.
- Board approved 2023 Annual Bonus Plan on Aug 23, 2023, for executive officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1940177/000121390023073298/0001213900-23-073298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1940177/000121390023073298/ea184581-8k_courtside.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-073298

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