secwatch.observer — SEC 8-K summary
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Issuer:     Stablecoin Development Corp (SDEV)
CIK:        0001389545
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001437749-26-010902
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NovaBay shareholders approve 2026 equity plan; CEO gets ~19.6M RSUs/PSUs; name change to Stablecoin Development Corp
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- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389545/000143774926010902/0001437749-26-010902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389545/000143774926010902/nby20260401_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-010902

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