NYIAX appoints Teresa Gallo as CEO; $400K salary, IPO-contingent early exit clause

NYIAX, INC.

Appointed Teresa Gallo as CEO effective Jan 19, 2024; interim CEO role eliminated.
Annual base salary $400,000; commencement deferred until IPO or 45 days.
Severance: 12 months base salary, accelerated vesting if terminated without cause or non-renewal.
Early termination right: if IPO not done by Feb 14, 2024, executive may terminate with no severance.
Initial term 2 years, auto-renew annually; board nomination at term end if not terminated for cause.

item 5.02 item 9.01

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Appointed

Teresa Gallo

Chief Executive Officer

NYIAX, INC.

Effective: 2024-01-19
Filed: January 25, 2024, 6:59 PM ET

On January 19, 2024, the Board of Directors (the “Board”) of the Company appointed Teresa Gallo as the Chief Executive Officer (the “CEO”) of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Teresa Gallo was appointed as Chief Executive Officer at NYIAX, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On January 19, 2024, the Board of Directors (the “Board”) of the Company appointed Teresa Gallo as the Chief Executive Officer (the “CEO”) of the Company.

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Source: SEC EDGAR

accession 0001213900-24-006535

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