secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED ENERGETICS, INC. (AERG)
CIK:        0000879911
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001213900-24-104612
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Energetics appoints Chris Donaghey as President and CEO; Quarles becomes CEO Emeritus
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- Donaghey, previously COO/CFO, named CEO effective Nov 25, 2024; receives $400K salary and 1M stock options at $0.78/share.
- Options vest upon annual revenue targets: 170K shares at $10M, 330K at $25M, 500K at $50M (cumulative).
- Dr. Gregory Quarles resigned as President/CEO, transitions to CEO Emeritus under one-year term with monthly salary of $33,333 until Mar 2025 then $29,167.
- Donaghey will continue as principal financial officer on an interim basis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879911/000121390024104612/0001213900-24-104612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879911/000121390024104612/ea0223221-8k_applied.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-104612

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