secwatch.observer — SEC 8-K summary
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Issuer:     FORUM MARKETS Inc (FRMM)
CIK:        0001690080
Form:       8-K
Filed at:   2025-06-18T23:59:59+00:00
Accession:  0001213900-25-055701
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690080/000121390025055701/0001213900-25-055701-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690080/000121390025055701/ea0246121-8k_180life.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-055701

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