secwatch.observer — SEC 8-K summary
======================================

Issuer:     Agassi Sports Entertainment Corp. (AASP)
CIK:        0000930245
Form:       8-K
Filed at:   2026-03-26T23:59:59+00:00
Accession:  0001472375-26-000095
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Boreta enters new 5-year employment agreement; Board adopts 2026 equity plan with 1.5M shares
--------------------------------------------------------------------------------

- Employment agreement with CEO Ronald Boreta effective March 1, 2026, 5-year term through Feb 28, 2031.
- Base salary $270,000 with automatic 10% annual increases; sign-on cash bonus of $250,000 (unpaid) and 300,000 RSUs vesting over 3 years.
- Termination severance: 3x base salary plus targeted bonus on termination without cause or for good reason; accelerated vesting; 12-month non-compete.
- Board adopted 2026 Equity Incentive Plan authorizing 1,500,000 shares for issuance to employees, officers, directors, and consultants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930245/000147237526000095/0001472375-26-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930245/000147237526000095/ixform8k.htm
  HTML page:      https://secwatch.observer/filing/0001472375-26-000095

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