Director resigns with $98K settlement; CEO gets amended contract, equity grants; 2025 Plan adopted

FORUM MARKETS Inc

Director Jay Goodman resigned effective June 13; settlement includes $7,583 unpaid fees, $36,750 future fees, and $54,000 additional; 65k unvested shares forfeited.
CEO Blair Jordan's amended consulting agreement extends to Dec 2027, base $240k/yr (increase to $350k if Co completes $100M+ transaction); severance terms improved.
CEO granted options for 410k shares at $0.9290, vesting over 12 months; also 179,646 restricted shares vesting over 12 months; 160k shares accelerated vesting.
CAO Eric Van Lent granted options for 25k shares and 8,763 restricted shares under same terms.
Board adopted 2025 Option Incentive Plan reserving 1M shares; options granted to non-exec directors: Smith (255k), Shoemaker (165k), Steinman (110k).

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Executive movements

Departed

Jay Goodman

Director

FRMM · FORUM MARKETS Inc

Filed: Jun 18, 2025 23:59 UTC

Resignation of Jay Goodman

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