secwatch.observer — SEC 8-K summary
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Issuer:     Usio, Inc. (USIO)
CIK:        0001088034
Form:       8-K
Filed at:   2021-11-23T23:59:59+00:00
Accession:  0001437749-21-027312
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Usio raises $1M via private placement; approves executive salary increases and stock awards
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- Sold 142,857 unregistered shares at $7.00 per share to Voyager Digital Holdings for $1M gross proceeds; proceeds for working capital.
- CFO Tom Jewell salary raised to $325,000 from $240,000; SVP Houston Frost to $200,000 from $172,000.
- CEO Louis Hoch granted 130,000 restricted shares (100K 10-yr vest, 30K 3-yr); CFO Jewell 71,000; SVP Frost 31,000.
- Directors Bender, Beyer, Rollins each awarded 12,000 RSUs with 3-year vesting.
- Outstanding shares post-closing: 25,125,520.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1088034/000143774921027312/0001437749-21-027312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1088034/000143774921027312/usio20211123_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-027312

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