8-K
filed April 1, 2026, 7:59 PM ET
ticker SDEV
CIK 0001389545
other material
confidence high
sentiment positive
materiality 0.60
NovaBay shareholders approve 2026 equity plan; CEO gets ~19.6M RSUs/PSUs; name change to Stablecoin Development Corp
Stablecoin Development Corp
- Stockholders approved 2026 Equity Incentive Plan on March 12, 2026, authorizing 22,223,927 initial shares plus annual increases.
- CEO Michael Kazley granted 4,118,828 RSUs (cliff vest Feb 2027) and 15,445,603 PSUs (five-year performance hurdles).
- CFO Tommy Law granted 300,000 RSUs vesting in three equal installments through Jan 2029.
- Company to change legal name to 'Stablecoin Development Corporation' effective April 2, 2026, ticker to SDEV.
- New employment agreements for CEO (no salary until Jan 2027, then $200K) and CFO ($200K salary, target bonus 50%).
Machine-readable event card
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- SDEV
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- 0001389545
- company_name
- Stablecoin Development Corp
- filed_at
- 2026-04-01T23:59:59+00:00
- discovered_at
- 2026-05-14T18:02:32.222977+00:00
- generated_at
- 2026-05-15T07:57:31.485262+00:00
- sec_items
- ["5.02", "5.03", "9.01"]
- event_type
- other_material
- sentiment
- positive
- materiality_score
- 0.6
- calibrated_materiality_score
- 0.6
- confidence
- high
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- https://secwatch.observer/filing/0001437749-26-010902.txt
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- https://www.sec.gov/Archives/edgar/data/1389545/000143774926010902/0001437749-26-010902-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1389545/000143774926010902/nby20260401_8k.htm
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same fact type: governance_change
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same event type: other_material
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Items 5.02, 5.07, 5.03, 9.01
same fact type: governance_change
same SEC item: 5.02, 5.03, 9.01
same event type: other_material
similar materiality
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same fact type: governance_change
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same event type: other_material
similar materiality
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The Board also approved an amendment and restatement of the Company’s bylaws (the “Amended and Restated Bylaws”), solely to reflect the Name Change. The Amended and Restated Bylaws will also become effective as of April 2, 2026.
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