secwatch.observer — SEC 8-K summary
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Issuer:     Sow Good Inc. (SOWG)
CIK:        0001490161
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001437749-23-035001
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sow Good enters new employment agreements with executive chairman Ira Goldfarb and CEO Claudia Goldfarb
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- Ira Goldfarb receives $625,000 base salary, discretionary bonus up to 100% based on revenue/EBITDA targets from 2024.
- Claudia Goldfarb receives $575,000 base salary, same bonus structure with annual revenue targets from $75M (2024) to $225M (2028).
- Each granted 500,000 (Ira) and 450,000 (Claudia) initial stock options vesting over 5 years; additional options vest at $40/share for 20 consecutive trading days.
- Severance includes 24 months of base salary on termination without cause or change of control, subject to release of claims.
- All options fully vest on a change of control; additional options also trigger a cash bonus if deal price exceeds $40/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490161/000143774923035001/0001437749-23-035001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490161/000143774923035001/sowg20231220_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-035001

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