secwatch.observer — SEC 8-K summary
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Issuer:     JONES SODA CO. (JSDA)
CIK:        0001083522
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0001437749-22-014156
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jones Soda enters new employment agreement with CEO Mark Murray with $330k salary and RSU grant
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- Annual base salary of $330,000; eligible for annual cash bonus of at least $100,000 if revenue >= $19.9M and adjusted EBITDA >= ($495,066).
- Receives 1,800,000 RSUs vesting in three tranches: 600k at 6 months, 600k at 15 months, 600k at 30 months from Feb 15, 2022.
- Severance: if terminated without cause or resigns for good reason, 12 months base salary plus COBRA reimbursement for 12 months.
- Bonus can increase by $2,500 per 1% above both targets, up to $50,000 additional; max annual bonus $150,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083522/000143774922014156/0001437749-22-014156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083522/000143774922014156/jsda20220602_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-014156

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