secwatch.observer — SEC 8-K summary
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Issuer:     LIQUIDMETAL TECHNOLOGIES INC (LQMT)
CIK:        0001141240
Form:       8-K
Filed at:   2021-07-09T23:59:59+00:00
Accession:  0001437749-21-016725
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liquidmetal CEO Lugee Li resigns; Tony Chung named interim CEO, Isaac Bresnick President
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- Professor Lugee Li resigns as CEO and President but remains Chairman; cites no disagreement.
- Tony Chung appointed interim CEO; receives $240k salary, $20k signing bonus, and option for 7.5M shares at $0.07.
- Isaac Bresnick appointed President; retains $154k salary; no employment agreement.
- Option grant vests: 2.5M shares after 90 days (Tranche 1), 5M shares over two years (Tranche 2) with lock-up provisions.
- Li mentions company readiness and travel restrictions as reasons for resignation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141240/000143774921016725/0001437749-21-016725-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141240/000143774921016725/lqmt20210709_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-016725

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