secwatch.observer — SEC 8-K summary
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Issuer:     NYIAX, INC. (—)
CIK:        0001679379
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001213900-24-006535
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679379/000121390024006535/0001213900-24-006535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679379/000121390024006535/ea192212-8k_nyiax.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-006535

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