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).

item 1.01 item 1.02 item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Jay Goodman

Director

FRMM · FORUM MARKETS Inc

Filed: June 18, 2025, 7:59 PM ET

Resignation of Jay Goodman

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jay Goodman resigned as Director at FORUM MARKETS Inc.

Action: resigned
Role: Director

Exact text from the filing

Resignation of Jay Goodman

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FORUM MARKETS Inc filing history →

Source: SEC EDGAR

accession 0001213900-25-055701

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