secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED ENERGETICS, INC. (AERG)
CIK:        0000879911
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001213900-26-011444
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Energetics appoints Warren Spector as CFO; $300k salary, 575k options
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- Warren Spector (age 67) appointed CFO effective Jan 28, 2026; previously VP Finance since June 2025.
- Employment agreement: 3-year term, $300k base salary, discretionary bonus, and eligibility for stock grants.
- Incentive stock options for 575,000 shares at $1.78 exercise price; 75k vest immediately, 500k vest over 4 years.
- Forfeits prior options for 250,000 shares issued while VP Finance; no further force.
- Severance of 90 days' base salary on termination without cause or for good reason; change-of-control vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879911/000121390026011444/0001213900-26-011444-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879911/000121390026011444/ea0274951-8k_applied.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-011444

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