secwatch.observer — SEC 8-K summary
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Issuer:     United Health Products, Inc. (UEEC)
CIK:        0001096938
Form:       8-K
Filed at:   2022-06-23T23:59:59+00:00
Accession:  0001477932-22-004603
Event type: regulatory
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Health Products settles SEC investigation; former CEO to disgorge $1.02M to company
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- SEC settlement requires permanent injunctions and $450,000 civil penalty payable over 270 days.
- Former CEO Douglas Beplate to pay $1,020,000 disgorgement to UHP over next six months.
- CEO Brian Thom's RSU grant increased 15% to 13.225M shares; vesting upon FDA premarket approval jumps from 5% to 20%.
- Independent Director Robert Denser granted 1M RSUs vesting upon $30M cumulative revenue or change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096938/000147793222004603/0001477932-22-004603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096938/000147793222004603/ueec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-004603

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