secwatch.observer — SEC 8-K summary
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Issuer:     NATURAL HEALTH TRENDS CORP (NHTC)
CIK:        0000912061
Form:       8-K
Filed at:   2022-11-25T23:59:59+00:00
Accession:  0001437749-22-028062
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Comp Committee waives performance criteria for phantom share vesting for President and CFO on Dec 15, 2022
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- Comp Committee waived performance criteria for Dec 15, 2022 phantom share vesting due to extraordinary China circumstances beyond company's control.
- Chris T. Sharng (President) to vest 15,608 phantom shares; Timothy S. Davidson (CFO) to vest 5,220.
- Amendment also covers non-employee directors' phantom share agreements; individual numbers not disclosed.
- Upon vesting, grantees receive cash equal to FMV of common stock, capped at $12.00 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912061/000143774922028062/0001437749-22-028062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912061/000143774922028062/nhtc20221118_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-028062

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