---
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"
generated_at: "2026-05-19T03:05:10.065486+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 5.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-055701
- JSON: https://secwatch.observer/filing/0001213900-25-055701.json
- Plain text: https://secwatch.observer/filing/0001213900-25-055701.txt

## Key facts
- Executive change
  Jay Goodman resigned as Director at FORUM MARKETS Inc.
  - Action: resigned
  - Role: Director
  source text: Resignation of Jay Goodman
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390025055701/0001213900-25-055701-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.