secwatch.observer — SEC 8-K summary
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Issuer:     Functional Brands Inc. (MEHA)
CIK:        0001837254
Form:       8-K
Filed at:   2026-04-20T23:59:59+00:00
Accession:  0001213900-26-045626
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO employment amendment aligns term with fiscal calendar, updates bonus revenue targets
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- Term changed to calendar year (Jan 1-Dec 31) with automatic 12-month renewal.
- Bonus payout based on consolidated net revenue: $7M+ = 100% of base salary, $10M+ = 150%, $15M+ = 200%.
- Amendment clarifies all dollar amounts in USD and restates CEO duties and bonus targets.
- Compensation Committee approved on April 17, 2026; amendment effective April 15, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837254/000121390026045626/0001213900-26-045626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837254/000121390026045626/ea0286974-8k_functional.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-045626

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