secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2025-09-05T23:59:59+00:00
Accession:  0001213900-25-085154
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XTI Aerospace appoints Michael A. Tapp as COO; grants stock options to executives
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- Michael A. Tapp appointed COO effective Sept 1, 2025; base salary $600,000, eligible for quarterly bonuses up to 100% of salary.
- Initial stock option grants: CEO Scott Pomeroy 2,621,100 shares, COO Tapp 1,613,000 shares, all at $2.00 exercise price.
- Options vest: one-third immediately, remaining quarterly over two years; expire after ten years.
- Side letter requires company to move headquarters to Dallas-Fort Worth area by March 31, 2026 or face material breach.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390025085154/0001213900-25-085154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390025085154/ea0256230-8k_xtiaero.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-085154

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer