{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-055701","form_type":"8-K","ticker":"FRMM","cik":"0001690080","company_name":"FORUM MARKETS Inc","filed_at":"2025-06-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.350077+00:00","generated_at":"2026-05-19T03:05:10.065486+00:00","sec_items":["1.01","1.02","5.02","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Director resigns with $98K settlement; CEO gets amended contract, equity grants; 2025 Plan adopted","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-055701","json":"https://secwatch.observer/filing/0001213900-25-055701.json","markdown":"https://secwatch.observer/filing/0001213900-25-055701.md","text":"https://secwatch.observer/filing/0001213900-25-055701.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025055701/0001213900-25-055701-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025055701/ea0246121-8k_180life.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T03:05:10.065486+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"da949299ed","claim":"Jay Goodman resigned as Director at FORUM MARKETS Inc.","evidence_excerpt":"Resignation of Jay Goodman","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025055701/0001213900-25-055701-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}