{"schema_version":"secwatch.filing_event.v1","accession":"0001393905-23-000025","form_type":"8-K","ticker":"VIPZ","cik":"0001832161","company_name":"VIP Play, Inc.","filed_at":"2023-01-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.921898+00:00","generated_at":"2026-06-20T14:53:54.468907+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"KeyStar Corp. CEO John Linss resigns; Mark Thomas appointed CEO with $380K salary and 1M option grant","bullets":["John Linss resigned as CEO, President, and CTO effective Jan 10, 2023; gets 6 months base salary, $425K bonus, $15K expense reimbursement.","KeyStar to purchase Linss' 3,313,333 Series C Preferred shares for $2M ($300K cash, balance via 5% note due on listing or 24 months).","Mark Thomas, previously CMO/CPO, appointed CEO, President, and CTO with annual salary of $380K; milestones may raise total comp to $500K+.","Board to recommend granting Thomas option to purchase 1M common shares, vesting over 4 years (25% after one year, monthly thereafter).","Linss agrees to one-year non-compete and non-solicitation within the US; releases all claims against KeyStar."],"urls":{"canonical":"https://secwatch.observer/filing/0001393905-23-000025","json":"https://secwatch.observer/filing/0001393905-23-000025.json","markdown":"https://secwatch.observer/filing/0001393905-23-000025.md","text":"https://secwatch.observer/filing/0001393905-23-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000025/0001393905-23-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000025/keyr-20230110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T14:53:54.468907+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1e0ab30599","claim":"John Linss resigned as Chief Executive Officer, President and Chief Technology Officer at VIP Play, Inc..","evidence_excerpt":"Effective January 10, 2023, Mr. John Linss (“ Linss ”) resigned as a member of the KeyStar Corp., a Nevada corporation (the “ Company ”), board of directors (the “ Board ”) and as the Company’s Chief Executive Officer, Principal Executive Officer, President and Chief Technology Officer pursuant to the terms of a Separation Agreement and Release dated the same date (the “ Separation Agreement ”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000025/0001393905-23-000025-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer, President and Chief Technology Officer"}],"fact_type":"executive_change"},{"claim_id":"ef9bb72fac","claim":"Mark Thomas was appointed as Chief Executive Officer, Principal Executive Officer, President and Chief Technology Officer at VIP Play, Inc..","evidence_excerpt":"On January 10, 2023, the Board appointed Mark Thomas (“ Thomas ”) as the new Chief Executive Officer, Principal Executive Officer, President and Chief Technology Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832161/000139390523000025/0001393905-23-000025-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer, Principal Executive Officer, President and Chief Technology Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}