secwatch.observer — SEC 8-K summary
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Issuer:     Marygold Companies, Inc. (MGLD)
CIK:        0001005101
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0001437749-22-009214
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marygold enters employment agreements with CFO, COO, CLO/CCO; $425K salary each
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- CFO Stuart Crumbaugh, COO David Neibert, CLO/CCO Carolyn Yu each to receive $425,000 base salary.
- Each eligible for bonuses under 2021 Equity Incentive Plan overseen by Compensation Committee.
- Involuntary termination severance: 6 months' salary, not applicable on resignation or gross misconduct.
- John Love receives one-time bonus of 5% of net proceeds from an 'Eligible Event', capped at $5M.
- Agreements effective April 1, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005101/000143774922009214/0001437749-22-009214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005101/000143774922009214/mgld20220418_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-009214

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