secwatch.observer — SEC 8-K summary
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Issuer:     Celsius Holdings, Inc. (CELH)
CIK:        0001341766
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001341766-24-000007
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celsius Holdings enters new employment agreement with CEO John Fieldly
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- Three-year initial term effective Jan 1, 2024; auto-renews yearly unless 90-day non-renewal notice given.
- Base salary of $850,000; target annual bonus equal to 100% of base salary based on performance criteria.
- 2024 long-term incentive award valued at $3.0 million in equity under the 2015 Stock Incentive Plan.
- Severance: 2x base + target bonus for termination without cause/good reason; 2.5x upon change in control.
- Non-solicitation, non-competition, and confidentiality covenants included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341766/000134176624000007/0001341766-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341766/000134176624000007/celh-20240118.htm
  HTML page:      https://secwatch.observer/filing/0001341766-24-000007

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