secwatch.observer — SEC 8-K summary
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Issuer:     Functional Brands Inc. (MEHA)
CIK:        0001837254
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001213900-26-019334
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Functional Brands amends CEO RSU vesting schedule, sets director cash at $60k/yr
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- CEO Eric Gripentrog's $500K RSUs now vest in three tranches: $166,666 on May 5, 2026; $166,666 on Jan 5, 2027; $166,668 on June 7, 2027.
- Independent directors Girard Smith, Lourdes Felix, and Steven Rossi each receive $60,000 annual cash compensation.
- Independent directors to receive initial stock option grant under 2026 Equity Incentive Plan, vesting at grant and quarterly thereafter.
- Independent Director Agreements also include indemnification and D&O insurance provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837254/000121390026019334/0001213900-26-019334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837254/000121390026019334/ea0277792-8k_functional.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-019334

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