secwatch.observer — SEC 8-K summary
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Issuer:     FORUM MARKETS Inc (FRMM)
CIK:        0001690080
Form:       8-K
Filed at:   2025-09-19T23:59:59+00:00
Accession:  0001213900-25-089546
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud

ETHZilla director Stephen Shoemaker resigns; CEO Rudisill enters new employment agreement
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- Stephen H. Shoemaker resigned from the board on Sept 15, 2025, not due to any disagreement with the company.
- Options to purchase 165,000 shares at $0.929 per share extended to June 17, 2035 upon Shoemaker's resignation.
- Shoemaker entered a 3-month consulting agreement for $29,166.66/month, paid in stock and cash.
- CEO McAndrew Rudisill signed an Executive Employment Agreement with base salary of $450,000/year.
- Rudisill is eligible for a change of control payment equal to 2% of market cap or enterprise value, and severance of 2x salary after 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690080/000121390025089546/0001213900-25-089546-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690080/000121390025089546/ea0257818-8k_ethzilla.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-089546

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