secwatch.observer — SEC 8-K summary
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Issuer:     Celsius Holdings, Inc. (CELH)
CIK:        0001341766
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001341766-24-000010
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celsius Holdings enters new employment agreement with CFO Jarrod Langhans
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- CFO Jarrod Langhans new employment agreement effective Jan 1, 2024; base salary $500,000/year.
- Annual cash bonus target is 50% of base salary, based on performance criteria set by Compensation Committee.
- Initial term of three years with automatic one-year extensions, subject to 90-day non-renewal notice.
- Severance for termination without cause or for good reason: 12 months of base salary plus target bonus paid over 12 months.
- Change-in-control severance: 1.5x base salary plus target bonus, full equity vesting, COBRA reimbursement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341766/000134176624000010/0001341766-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341766/000134176624000010/celh-20240202.htm
  HTML page:      https://secwatch.observer/filing/0001341766-24-000010

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