secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Holdings Inc./NV (MRDN)
CIK:        0001437925
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001477932-22-008072
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Director Johnston resigns, enters consulting deal with substantial equity incentives
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- Aaron Richard Johnston resigns from board effective Nov 1, 2022, to become a consultant.
- Consulting pays $12k/month cash, $36k sign-on bonus, plus 100k restricted shares (50k vest immediately, 50k Feb 1, 2023).
- Up to 650k RSUs: 50k board RSUs for FY2022 (revenue≥$21.875M, EBITDA≥$3.25M); 300k consulting RSUs for FY2023/24 (1.1x prior-year); 300k transaction RSUs if a doubling deal closes by Nov 1, 2023.
- Non-compete for 12 months after termination; continuing service triggers further vesting if terminated without cause.
- Board approved all equity grants under the 2022 Equity Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437925/000147793222008072/0001477932-22-008072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437925/000147793222008072/gmgi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-008072

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